Introduction
Shopping is a regular necessity that one has to do to restock any lack items at home. Or you can shop to replace your old items. Sometimes, the budget to buy stuffs gets so low that its not possible to pay at the spot. That it is the reason Buy-Now-Pay-Later (BNPL) fintech platforms are becoming popular. These platforms allow users to buy on loan and gradually spread the bill over time. Paying by installments helps ease the financial burden for shoppers. One of the big players in the BNPL sector is a platform called four. Lets take a look at it.
Four - access shopping loans on the go!
The name of this platform is Four! And its a straightforward introduction to their core service as a BNPL fintech. Four allows customers to shop at physical stores or online and pay later. The shopping loan repayment could be spread out over a period of four months - hence the name of the fintech.
The service is not just for shoppers alone. Four has packages for retailers or shop-owners too. They could sign up with this service and tap into the large audience of buyers on the platform to sell more. When retailers sign up for the service, they get a complete amount of whatever the customers have purchased. Four pays the shop owners the balance of the loan a buyer took and takes care of the repayment.
Interestingly, Four already has many stores signed up and featuring their products on the platform. Users have a wide array of shopping categories including women, men, children, fashion and other accessories. Some of the popular stores on the platform includes Hubble Connected, Solika and Helipax. There are other top brands that shoppers could buy from on Four.
Main features of Four
Mobile app: Four could be used and accessed through the website. However, the popularity of mobile apps for online users makes their mobile app a great feature of the platform. There are apps for Android users and Apple devices. For Android devices, click here to download the app from Playstore. Apple devices can get it here.
Checking out: It is very easy to check out after shopping both online and in physical stores. There are three major check-out options on Four. The first one is Google pay. This integration ensures that you are able to check out without typing your debit card details. The same with Apple pay. These two major payment options are integrated into the platform. Then those that would like to pay with credit or debit cards are also free to do so by entering their card details when prompted to do so.
Managing loans: Inside the dashboard for each user, there is a shopper portal. This is where the user keeps track of all their purchases and repayments. From here, the user can see when the next repayment will be. Both the time, the amount and remaining period of repayment are found in the shopper portal.
Retailers: Retailers could join the platform and utilize the audience to make more sells. Each retail store has a page and all the tools to put up their products to manage sales. There is also an integrated section to keep track of stocks, sales, any discounts and other important store management tools. One get feature for retailers is that they get the full amount for each sales while Four takes care of the balance. The repayment is done through the app and Four takes care of that.
Cards and other payment options: I already mentioned that users are free to pay using their credit or debit cards. The cards accepted here include VISA card, Master card, AM express and Discover cards. Four also integrates Paypal for those that would like to pay through that medium. Four also has its own payment option which customers are free to use for checking out. All these payment options ensures that there is something for everyone on Four.
Trusted by everyone: Four has been rated by one of the top review platforms - Trustpilot. Out of a possible rating of 5, Four got a very high score of 4.5. That indicates that users are fine with the services of the platform. Four is also trusted by a number of established shopping platforms like Shopify, Shopify plus, and Woo commerce. These partnerships help to make the shopping experience smooth and stress-free.
Conclusion
There are many BNPL fintech platforms that you likely know already. Four is a top shot that you might want to take a look. They offer good rates and enough loans to fund your shopping. Of course, it is very important to do proper research about any fintech product before getting involved. This is not financial advice at all. Always DYOR. Learn more:
Note: Thumbnail is mine.