What was once a niche payment alternative for millennials without a credit card is now a mainstream payment option with widespread adoption. In fact, a recent study by The Ascent found that 37% of consumers have used a Buy Now, Pay Later service.
The travel industry has also benefited from this trend and is perhaps even better suited to the Buy Now, Pay Later behavior because it allows travelers to lock in their travel plans early, when prices are lower, and then spread the cost of the trip over affordable monthly payments.
As travel companies and advisors prepare for strong demand in 2021, providing customers with the added flexibility to book travel when they are ready and pay over time will fuel that growth. Uplift is the leading Buy Now, Pay Later solution for travel and offers a custom-tailored solution for both ecommerce and travel advisors. A quick and easy application allows customers to receive a decision in seconds. Advisors and partners also benefit from having the trip paid in full at the time of booking so there are no deposits or final payments to collect. To learn more about how you can start offering Uplift’s flexible payment options, visit www.uplift.com