Buy now pay later is also good however, make sure, your customer is visible or reachable. If the purchase is in volume, it is best to get a co-maker to make sire the crertrp will not run away. It is better to be safe than sorry.
PayLater: Helpful or Not
- Thread starter Suba
- Start date
True, it is more like a two edge sword that can backfire at anytime. While this would definitely encourage more sales, it will also increase the amount of risk you will have to face as well.
That feature has been a very helpful venture ever since it's launch. Most the low to middle income earners take the advantage of this feature to possess the most expensive items that would have taken them ages to save and buy them in cash.
I agree with your statement that PayLater feature can be a double-edged sword. While it may lead to increased sales and customer convenience, it also comes with added risks for both the company and the customers.
I have a friend who did this and she is currently suffering it right now. The worse part about this is that some of them even outright told her they won't be paying at all.
True, but if it's a small business, most of them are not even aware of their rights , then again most of them have not registered their business legally so there is no way they can even do anything.
- Thread starter
- #29
Even though Paylater seems to be very profitable because we can have the things we dream of even though we don't have money, PayLater often causes disadvantages, such as debt habits and security of personal data.
PayLater can easily lead to debt habits. The convenience of deferring payments might encourage impulsive buying behavior, causing people to accumulate more debt than they can handle.
It's concerning to hear about your friend's experience with the PayLater feature. It highlights the risks associated with this service.
Very true, and these persons do not care about you or your business. They are only after what they can get. The moment you stopped, they will start saying things like you have changed or you are being wicked.
This is also why most business owners are considered wicked. Most Customers and clients tend to tag them as wicked but the truth of the matter is that they are simply protecting their business.
In a competitive market, business owners must make tough decisions to safeguard their investments. This may involve setting boundaries, enforcing policies, or making difficult choices that could be misinterpreted by some as selfish or uncaring.
Very true. The moment you make it a habit to try and please others, it would be the end of your business. Cause even when you try to please them, they would still find faults. So it's best to do things suits your business and the growth of it.
Right, attempting to please everyone often leads to a never-ending cycle of trying to meet ever-changing demands and preferences. No matter how hard we try, there will always be people who find faults. Instead, we should establish a clear vision for our business and make decisions that lines with its growth and success.
The funny thing is that no matter how you try, you can never be able to please everyone. If the ones you please today would find faults the next time.
