For merchants working with Amazon Payment Services, this is one of the best times to boost sales and make the most of the heightened shopping enthusiasm. To help you make the most of this period, Amazon Payment Services offers a suite of flexible and convenient payment products that can enhance your customers' shopping experience and take your business to the next level.
Payment Methods to Cater to Every Shopper
One of the keys to capturing more sales during Eid-Al Adha is offering a range of payment methods to cater to a variety of customers’ needs. Amazon Payment Services provides merchants with a wide selection of payment options including credit and debit cards, digital wallets and bank transfers, as well as local, regional and global payment methods. Our payment products are designed to give merchants access to customers from all walks of life with diverse payment preferences. By offering multiple payment methods, merchants can ultimately see growth in conversion rates and customer satisfaction.
Effortless payments, One Payment Link away
Payment Link offers multiple payment options, customisable merchant page branding, and the ability to generate single or multiple payment links and set validity periods. These features can increase conversion rates, customer trust and satisfaction.
Merchants in the travel and hospitality industry can leverage Payment Link to streamline their booking and payment processes, offering convenience to customers while enhancing operational efficiency. For instance, a boutique hotel catering to Eid travellers can employ Payment Link to streamline their reservation processes. After confirming a booking via phone or email for guests seeking accommodation during Eid festivities, the hotel can swiftly generate a personalized Payment Link. This link, sent directly to the guest's email or messaging app, enables them to conveniently settle the required deposit or full amount using their preferred payment method, be it credit card, digital wallet or bank transfer.
Flexible Installments for Larger Purchases
The festive season is a time when customers pursue their wish lists, including their aspirational purchases. Merchants can make their customers’ festive shopping dreams come true by giving them the flexibility to pay as they go. Offering Installments can make these aspirational items more accessible to your customers, encouraging them to buy more. Your sales can potentially increase by 10-15% by giving your customers flexible payment options.
During Eid, merchants with online businesses can capitalize on the celebratory season by offering special Installment payment options tailored to the occasion. For example, customers preparing for Eid festivities often seek to upgrade their homes or gift electronic items to loved ones, and an online electronics retailer could introduce an Eid Installment plan for purchasing gadgets and appliances. By providing the option to split payments for smartphones, laptops, or home entertainment systems into manageable Installments, the retailer can cater to the increased demand during this period and make high-value purchases more accessible.
Boost Sales with Buy Now, Pay Later (BNPL) via Tabby
Buy Now, Pay Later (BNPL) services like Tabby have transformed the way people shop online. This payment option allows customers to receive their purchases immediately while spreading the payment over time. It's a powerful tool to attract customers who are hesitant to make large payments upfront. Merchants who offer BNPL can see an increased conversion rate of over 18%, and a repeat purchase rate of up to 40%, as stated by Tabby.
Merchants in the fashion and lifestyle industry can leverage BNPL options to entice Eid shoppers and drive sales during this festive period. For example, a clothing retailer specializing in modest fashion can introduce BNPL services for purchasing traditional Eid outfits and accessories. By allowing customers to buy their desired attire immediately and spread the payments over several Installments, the retailer can cater to varying budgets and preferences, making high-quality fashion more accessible to all. This approach not only boosts sales but also enhances the shopping experience for Eid shoppers, enabling them to celebrate the occasion in style without financial strain.
Conclusion
Amazon Payment Services empowers merchants with all the payment products they need to shine and increase sales this Eid-Al Adha. Don't miss out on this festive opportunity; enhance your payment options today. Contact us to integrate our payment solutions and see the difference.
