5 MIN READ
10 Big Brands Offering Buy Now, Pay Later in Canada
September 01, 2020
For Canadian shoppers, these are times to celebrate. Many have begun to want and expect more flexible, user-friendly payment options when they reach checkout in their favourite retailers' shops, both in-store and online. This makes sense, as many are looking to cull back on debt and pay in a way that complements their income and their budgeting plans.
What does this really mean? Consumers expect installment payment plans as an option when they shop - and retailers are listening.
There has been a surge in Canadian retailers who have begun offering PayBright’s buy now, pay later option to their fans, and like Endy and Secretlab, are seeing a significant increase in sales, average order value, and repeat business. In fact, PayBright is available across more than 6,500 Canadian businesses across all provinces.
Depending on the merchant, customers can enjoy Pay in 4 (interest-free, easy, biweekly payments) or Pay Monthly (low- to no-interest payment plans ranging from 6 to 60 months). And whether customers are interested in upping their fashion game, investing in a healthier lifestyle with fitness equipment and e-bikes, or sprucing up the homestead with new mattresses, furniture, or electronics, PayBright’s payment plans are available for all.*
Curious to know which Canadian retailers have joined the buy now, pay later movement? Let’s take a look.
This electronics giant offers a wide array of the latest and greatest technologies, ranging from computers, TVs, mobile devices, and home appliances. Those customers interested in coveting the Galaxy 5G can do so, paying in easy monthly payments over 12, 24, or 36 months.
This beauty brand, beloved internationally, went live with Buy Now, Pay Later in Canada this month. Shoppers can stock up on their favourite cosmetics, accessories and fragrances today, and pay later in 4 easy interest-free installments.
Popular amongst Canadians are Lenovo’s large and evolving stock of PCs, phones, and other smart devices designed to optimize experiences in the home and on the go. For purchases of over $300, shoppers can spread the cost of a purchase over 6, 12, or 24 months, simply by choosing PayBright at checkout on lenovo.com.
Even in the era of social distancing, those Canadians invested in bettering their health with fitness can do so from the comfort of home with Bowflex’s beloved machines, bikes, and accessories. Paying later for fitness now is easily done in 12 monthly payments.
This year PayBright welcomed Garage Clothing and Dynamite Clothing to its growing list of fashion retailers offering Pay in 4 in their e-commerce stores. With no interest or up-front fees, shoppers can shop freely at these beloved Canadian brands online, anywhere, any time.
Those with the golf season top of mind were pleasantly surprised when top golf brand Taylormade began offering pay-later options. Now scratch, professional, and new golfers can pay for clubs, golfballs, accessories or custom items later, with APR plans ranging from 6 to 24 months.
2020 is the year many Canadians began re-investing in their hobbies, and making new memories with their families while social distancing. Easy monthly payments over 12 months on purchases $200+ with PayBright via virtual card applies to any purchase on canon canada’s e-store.
For easy monthly payments over 3, 12, or 24 months, Canadians can go way out on Wayfair, stocking up on the best deals on accessories and furniture for inside and outside the homefront. Those spending between $100-$15,000 can enjoy the freedom of paying over time when they choose PayBright at checkout on wayfair.ca,
Getting high-tech mattresses in an accessible and affordable way is no longer a dream for many Canadian shoppers. They can sleep soundly now, and pay over time for purchases over $79.99 in equal, easy, breezy monthly payments on ca.endy.com. The best part? Every payment is interest-free. (You can read more about Endy’s success with PayBright !)
Whether bidding high or bidding low, those securing their favourite goods on ebay.ca can big bid and pay small by choosing PayBright at checkout. For purchases starting at $200, eBay customers have the option to pay over time in 12 monthly installments for purchases or apply for a PayBright virtual card.
… and there are literally thousands more!
*All prices presented above are in Canadian Dollars.
This article is provided for informational purposes only. It is not an exhaustive review of this topic. The content is not financial or investment advice. No professional relationship of any kind is formed between you and PayBright. While we have obtained or compiled this information from sources we believe to be reliable, we cannot and do not guarantee its accuracy. We recommend that you consult your personal finance professional before taking any action related to this information. PayBright is a provider of Buy Now, Pay Later (BNPL) solutions. BNPL providers offer plans with a variety of terms and conditions, including interest rates, fees, and penalties, and have different standards for qualifying for loans. Laws and regulations governing BNPL providers vary by jurisdiction. We recommend that you compare and contrast plans, read the fine print, and conduct detailed research into any BNPL provider before using their services.
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