Officeworks has partnered with buy now pay later (BNPL) provider, Openpay to offer customers longer and more flexible payment terms.
Customers can now use Openpay for school, office, student and technology supplies on Officeworks’ website and the payment option will be available in-store from March.
Officeworks managing director, Sarah Hunter said, “We are excited to be partnering with Openpay. The flexibility of its BNPL solution will provide our customers with more time to pay for all their computing, technology, furniture and stationery needs to help them make bigger things happen.”
Openpay head of retail, Sonia Nixon added, “There’s growing trend for interest-free instalment payments. On the consumer side people want a way to manage their cashflow effectively for things they want and need without the worry of getting into unmanageable debt or being stung with hidden fees.
“On the merchant side, they’re seeing the benefit from increased average transaction value and conversion rates as a result of giving their customers a sensible and flexible way to make purchases.”
Openpay plans range from two to 24 months can be paid back in weekly or fortnightly instalments.