The Co-op has introduced a buy now, pay later digital instalment payment option to its customers.
Customers are demanding more flexible shopping and purchasing options, and The Co-op aims to solve budgeting issues, retain more customers and improve overall customer satisfaction by offering the new payment plan.
Customers can choose buy now, pay later on all order up to $500 and is available to all Australian citizens or permanent residents over 18 years of age. The maximum repayment length is 6 months and accounts will not attract interest.
The first month of repayments will be free, however each consecutive month will incur a $5.00 monthly account fee, making this a viable option for many customers who may not be able to afford items up front, or own a credit card.
To read more about why The Co-op are offering flexible payments options, click here.