Nearly one out of three consumers prefer to pay in arrears. This allows your customer to first judge at home whether they are pleased with the purchased articles and return them if needed. Payment in arrears gives consumers a sense of security. In addition, you are legally required to offer customers the option of paying at least 50% of the purchase price later.
After the customer has chosen payment in arrears, a sophisticated process commences for assessing the creditworthiness of the customer. This minimises the merchant's payment risk. If a customer does not pass this assessment, they can still pay by choosing a different payment method.
