By - Rajendra
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Flipkart Pay Later is a credit-based payment option offered by the Indian e-commerce platform Flipkart.
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It allows customers to make purchases and pay for them at a later date - within a period of 14-30 days
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Once the sign-up process is complete, customers can start shopping on Flipkart as usual.
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Once the sign-up process is complete, customers can start shopping on Flipkart as usual.
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When check out, you will have the option to select “Pay Later” as their payment method.
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only apply for credit when it’s truly necessary
After the purchase is complete, Flipkart will send an invoice to the customer with the amount due and the due date.
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Due Date - 5th
pay the full amount by the due date or opt for an EMI plan if they prefer to pay in instalments
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No Interest - Uses Fee - 15
EMI option is not interest free
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heavy interest 24% + 1.5% processing fee means you pay 25.5% for your EMI.
monthly penalty of 5% of the outstanding balance
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Means yearly 60% Late payment
Pay Later doesn’t require any additional documentation
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No Extra Documents
customers can use Pay Later to improve their credit score and make them eligible for other credit options
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Credit Building
Factors like credit score, purchase history, and payment history on the platform are considered when determining the eligibility
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