There’s a new way to make expensive purchases easier for shoppers on a budget. With Flexible Customer Financing (FCF), you can enable your customers to buy your eligible products in 3 to 48 equal monthly instalments with no interest charges on Amazon UK.
Flexible Customer Financing is available for your physical products in stock on Amazon.co.uk with a price range of £80 – £3000. However, for products priced below £100, the interest-free payment is activated only if the total amount of a customer’s order is at least £100.
The best part is that Amazon will not charge you the programme fee until June 1, 2023, so you have a few months to see if offering scheduled payments has a positive impact on conversion rates.
Buyers have the option to pay in equal monthly instalments, with no finance charges, interest or hidden fees, and no credit check or application required.
HOW IT WORKS FOR BUYERS
First of all, need to choose monthly payment option when you Add to Basket, in your Basket or at checkout.
At checkout, your initial payment will include your first monthly payment plus delivery costs in full. Amazon will charge your credit card when they dispatch your item.
The remaining balance will be automatically charged to your credit card in equal instalments according to the number of payments indicated when you selected the monthly payment option, every 30 days from shipment date
For more information on this programme there are a couple of help pages to assist:
Terms and Conditions
Infomation for sellers selling on Amazon.co.uk
INFO FOR SELLERS
To access the FCF program on Seller Central, navigate to the ‘Growth’ tab, then select ‘Explore Programs’ and choose ‘All Programs’. From there, click on ‘Increase Conversion’ to locate the FCF program. Alternatively, you can directly access the FCF program through the Seller Central.
RetailTantra provides a full range of services on Amazon marketplace. From setting up a store to marketing to optimizing it for success. Hiring RetailTantra’s marketplace experts are right choice for the retailer looking to succeed in the highly competitive e-commerce industry.
We provides Product listing, account management, FBA Setup, customer support services, expert advice, and valuable insights that can help retailers navigate the complexities of selling on Amazon and achieve long-term success.
