Vagaro, a business management platform for the beauty, wellness, and fitness industries and Certegy, an ACH payments and risk management company, have announced their partnership for Vagaro Pay Later, a Buy Now, Pay Later (BNPL) service that will allow Vagaro businesses to offer payment installment options to their clients.
The partnership will leverage Vagaro’s existing network of 70,000 businesses and more than 20 million consumers and incorporate Certegy’s white label BNPL solution into Vagaro’s app. Merchants can now choose to opt-in to Vagaro Pay Later and immediately start providing their clients with payment flexibility.
Vagaro Pay Later will allow consumers to pay in interest-free installments over several weeks, while business owners will be paid in full on the following business day, taking on zero risk to their business.
Established BNPL industry data shows that businesses who offer this service see a 30 percent boost in checkout conversions, 41 percent growth in average order value, and 45 percent higher purchase frequency, on average.
Certegy’s white label Buy Now, Pay Later feature accepts multiple payments for a single service or product. As soon as a consumer’s installment plan is submitted, Certegy manages the scheduling, validation, and transfers.
Businesses and consumers on Vagaro will now respectively be able to sell and purchase more luxury services and items such as high-ticket hair extensions, injectable cosmetic treatments, and more with these flexible payment options.
Businesses must have Vagaro Credit Card Processing to activate Vagaro Pay Later.
To learn more about Vagaro Pay Later, click here.