How ShopBack PayLater works
01
Your customer pays via ShopBack PayLater in-store or from your website.
02
You get paid in full and upfront while your customer earns exciting rewards.
03
Keep track of all your transactions via the merchant portal.
Drive greater sales both online and in-store with enhanced checkout convenience, security and flexibility.
The settlement period is T+3 working days from the order date. For example, if an order is placed on Monday, ShopBack will remit to you by the end of Thursday.
Both ShopBack Pay and PayLater are completely free for customers to download and use.
There are no onboarding fees to use ShopBack Pay or PayLater.
For ShopBack Pay, we charge a Merchant Discount Rate (MDR) of 2% per successful order, and merchants are also required to fund a minimum cashback of 5%.
For ShopBack PayLater, the MDR starts from 5.4% per successful order and there will be a flat Merchant Transaction Fee of $0.50 for each order and refund.
With ShopBack PayLater, customers can purchase from your store and pay only ⅓ of the price upfront, all while paying 0% in interest across all three instalments. This helps to encourage a higher conversion rate and an increase in basket size.
ShopBack strictly adheres to your refund policies. In the event that a customer requests a refund, we will direct the customer to you for further assistance. You can initiate a partial or full refund accordingly on our Merchant Portal.
ShopBack assumes the credit and fraud risk in such scenarios. You'll always be paid in full so you can focus on running your business with greater peace of mind.
Julian Artope
CEO and Founder of Zenyum
"ShopBack has been an amazing pillar of support for us and our beloved customers in our mission to make Asia Smile More. With the accessibility to ShopBack's instalments at zero interest, we have had the majority of our customers pay with this method since 2018. Thank you!"
