Satispay BNPL
New flowItaly's Buy Now, Pay Later (BNPL) market is growing rapidly, with transaction volumes increasing by 23% year over year. With Satispay's interest-free “Pay in 3” solution, merchants can offer customers greater payment flexibility while maintaining a fast and seamless checkout experience. Merchants already using Satispay's one-time payment flow can activate Pay in 3 without additional integration requirements.
Why Satispay BNPL
Satispay safeguards your cash flow by paying merchants in full at the moment of purchase. The platform absorbs all credit risks and manages payment collections.
By removing the need to enter credit card details and tax codes, Satispay enables consumers to check out in seconds.
Interest-free split payments help increase basket sizes on purchases from €5 upward, while helping you attract high-value shoppers who prefer to pay in instalments.
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Payment flow
Satispay
With 3.5 million users and a YoY user-base growth rate of 50%, Satispay leads the mobile payments market in Italy and positions itself as a unique European app for everyday life experiences. Thanks to a bank account-enabled platform, which is independent from debit and credit card networks, Satispay provides a wide range of digital payment services: e-commerce and in-store transactions, peer-to-peer payments, and a wide range of other services such as mobile top-ups, fines, tax payments, donations and savings. The app is easily usable by consumers, where they simply join using their mobile numbers and connect their bank accounts for payments.
Why Satispay
Satispay has more than 17k e-commerce merchants on an overall base of 230k merchants, with over 4,000 new daily signups. Satispay enjoys a loyal customer base, with an average 9.4 transactions per consumer, per month.
Satispay offers a true omnichannel solution for brick-and-mortar, online and unattended transactions, making it a go-to digital payment service for consumers, with a strong brand proposition.
Satispay cites a conversion rate of 91%: with smooth and frictionless linkage of their bank accounts, consumers only need to scan a QR code or enter their mobile numbers to confirm transactions in their mobile apps.
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How it works
Merchant
At online checkout, the consumer chooses Satispay as the preferred payment method
Payment method
The consumer is redirected to a hosted payment page and enters their mobile number or scans a QR code
Payment method
The consumer opens the Satispay app and confirms the transaction
Merchant
Payment is con firmed