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asked in Product Design by (17 points) | 201 views

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Requirement: pay later feature to enable customers pay after they bought the product.

Solutions:

1)Integrate with insurance companies that take care of the payment after the customer has purchased the product.

Insurance companies can build credit score for a customer either on the basis of customer's purchase on the webesite or overall customer credit score.

2) Take credit card info of the customer and deduct the payment after n days(say, within 90 days)

Either deduct the payment on the EMI basis or in single go at a particular day after the purchase (defined by user at the time of purchase)
answered by (17 points)

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