Increase your online store’s conversion rates by offering installment payments. Buy Now, Pay Later (BNPL) has already won over Portuguese consumers, and more and more shoppers prefer stores where they can pay in installments.
Buy Now, Pay Later (also known as “Comprar Agora, Pagar Depois” in Portugal) is a form of consumer credit that allows your customers to pay in installments. This type of credit is especially suited to online commerce, as approval is quick and transparent.
Eupago is a pioneer of BNPL in Portugal, thanks to a partnership with Cofidis which led to the launch of Cofidis Pay.
Buy Now, Pay Later in Portugal: Did you know that Portugal is the 2nd country in Europe with the highest usage of BNPL.
71% of Portuguese consumers use installment payments.
For Portuguese consumers, payment methods are the second most important factor when choosing a store. Without flexible payment options, 56% abandon their purchase. Accepting BNPL lowers purchase barriers.
About 71% of Portuguese consumers have already used BNPL. Statistics show that offering installment payments increases online store conversion rates by 20% to 30%.
Portuguese consumers don’t just use BNPL for unexpected expenses. 49% use installment payments to buy higher quality or more sustainable products, increasing the average order value by 30% to 50%.
Credit approval is instant. Buyers don’t need to interrupt their shopping session to arrange financing, reducing cart abandonment rates.
BNPL is an opportunity. 64% of shoppers use BNPL for unexpected expenses. However, 49% use it to purchase better or more sustainable products, and 39% for self-rewarding purchases.
The most common expenses include appliances, electronics, and travel.
Use the same gateway for all payment methods, including BNPL.
Eupago’s payment gateway integrates seamlessly with major e-commerce platforms. Cofidis Pay is already available for WooCommerce, Shopify, and PrestaShop, as well as through our API.
Although BNPL is a form of consumer credit, you don’t need to become a credit intermediary to accept installment payments. We handle everything for you, with no bureaucracy.
The merchant receives full payment within 48 working hours. You bear no risk. Once the purchase is completed, the customer’s relationship is with Cofidis.
If you don’t have an online store but want to offer installment payments, BNPL is also available via Pay by Link. Even in physical stores, customers can complete the payment online to request financing.
Installment payments up to 12 months, interest-free.
Financing is tailored to the customer’s needs, allowing them to split payments into 3, 6, or 12 installments without paying any interest.
Offer customers a smooth experience to avoid abandoned carts.
1. The customer shops as usual and adds items to the cart.
2. At checkout, they choose installment payments in the Eupago gateway: Cofidis Pay.
3. The site opens a new Cofidis window where the customer simply follows the instructions.
4. Cofidis transfers the full payment to you!
Eupago and Cofidis launched Cofidis Pay in 2022 to fill a gap in BNPL solutions in Portugal. Cofidis Pay allows consumers to pay in installments without bureaucracy, interest, or loyalty cards. For merchants, it improves the customer experience and reduces cart abandonment.
Give your customers the option to pay in installments — at no risk to you.
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