The Warehouse and Torpedo 7 online to now offer PartPay payment provider which allows customers to break total cost into smaller, more manageable amounts.
The influx of buy-now pay-later systems is one which many retailers have joined this year, including Trade Me, Trelise Cooper, Supertte, Mi Piaci, and Merchant 1948.
The Warehouse Group is trailing the partnership between its online site and PartPay just as the busy Christmas season comes into full swing.
The Warehouse Group chief information and digital officer Timothy Kasbe says there is a growing trend towards online shopping and customers appreciate having flexible payment options.
“We think this will be well-received by customers who can now have greater flexibility over managing payments, particularly around key calendar dates for families like Christmas and Back to School, at no additional cost to them.
“We’re pleased to partner with a New Zealand company to be able to deliver this service to our customers.”
PartPay director and founder John O’Sullivan believes innovative retail platforms that incorporate payment instalments are prepared for the future.
Payment instalment solutions like PartPay are entirely customer centric, both in terms of their simplicity and convenience and enabling customers the ability to use their money in a smarter way.
“Traditionally consumers can turn to traditional forms of finance when they purchase but PartPay gives consumers another option to spread the cost which doesn’t charge transaction fees or interest. Retailers like The Warehouse Group are seeing the business and customer benefits and they’re embracing the technology.”
The Warehouse Group have been moving and shaking all year, with renovations, new price strategies and new position created for chief marketing officer to focus on digital improvements.