FreJobsAlert.com –What is a Paylater? Digital Payments Today. Paylater has become one of the most popular financing options. In Indonesia, the service, also known as Buy Now Pay later, is the most popular among young people because it is easy to use. Offered by the Market or Electronic FreJobsAlert As a result of the collaboration with LJK (Financial Services Institutions), Paylater is a credit service with a simpler format. For more details, let’s take a look, see what information Paylater is below, brothers!
What is Paylater?
As the name suggests, Paylater means buy now, pay later. This increasingly popular form of short-term financing is preferred because, instead of paying the total expense outright, Paylater allows consumers to split these costs into smaller amounts that will be paid in installments over a short period of time, usually 1-12 months after shopping.
For most people, paylats can be an option to increase budget purchases without having to set these costs up when buying. However, there are concerns that Paylater is making consumers spend more money than it earns and increasing debt. Therefore, it is important to be wise to use paylatners so that the convenience and benefits offered can be enjoyed optimally.
Advantages of using paylater
This service that uses the delayed payment option is great for patterns that need current products and services, but don’t have the money. The owner can use this option to receive the product without paying immediately. In other words, Paylater can help Skipper manage his business with flexible payment times. The most profitable because Paylater is also a minimum interest, brother.
Apart from that, Paylater is also proving to be popular with entrepreneurs all over the world, you know. Because Paylater allows e-commerce companies to offer installments to consumers who don’t meet credit card requirements, live in countries with low acceptance and credit card availability, or don’t trust financial institutions. Unlike credit cards, Paylater offers prices that are simple, transparent, and easier for consumers to pay for payment products in installments.
One of the benefits of Paylater is the ability to buy expensive items when cash is limited. Also, there is no need for a credit history so this option is available to many people who generally cannot use a credit card. In short, Paylater can be an alternative approach to providing financial access and inclusion, Bro.
The risks of using the paylater feature
Despite its many advantages, features paylater also not free from risk. One of the risks paylater is to facilitate the accumulation of debt and interest. Here are some concerns about this type of service:
- Cost – Generally, paylater profitable if the consumer immediately pays the debt the next month after the purchase. However, the longer the delay in payment, the greater the costs that need to be paid so that it can be burdensome.
- Debt – This kind of financing significantly increases debt which can lead to financial problems in the future if not managed wisely.
TalanginDulu, an example of a paylater service from BukuWarung
In Indonesia, now many services have emerged paylater. One of them is Talangin Dulu from BukuWarung. TalanginDuring was a payment method which aims to make it easier for buyers to transact using a balance (credit). Payments can later be made with various time options, ranging from 1-4 weeks. Using Talangin In the past, shopping at selected stores is now worry-free!
In collaboration with Bank Sahabat Sampoerna as a guarantor that has been registered and supervised by the OJK, you can rely on the Talangin Dulu payment method because its security is guaranteed. ForTo shop using the Talangin Dulu payment method, follow these steps:
- Open the shop link and select the product you want to buy – The skipper must spend a minimum of IDR 350 thousand per transaction and a maximum of IDR 5 million.
- Choose the ‘Choose Your Own’ shipping method – Payment using Talangin Dulu from BukuWarung currently only offers pick-up delivery at the store, bro.
- Select the ‘Talangin Dulu’ payment method – You can click the ‘Talangin Dulu’ option and choose 1 of the 4 available payment options.
- Click ‘Pay’ and confirm the order – After selecting the payment tempo, click ‘Pay’ to complete the transaction. Don’t forget to click ‘Order Received’ if you have received the order.
For information, the ‘Talangin Dulu’ payment method can only be used by buyers who have been recommended by the seller or shop owner. Please include the documents below to become a selected buyer:
- Letter of Agreement already signed by the buyer
- The Talangin Dulu Bookshop Loan Application Form
- 3 Invoice or expense records for the last 1 month
Later, the loan provider partner (Bank Sahabat Sampoerna) will analyze the loan application. The information will be managed by BukuWarung, then submitted to the selected buyers. Buyers can request information regarding registration for the Talangin Dulu payment method to WhatsApp at +62 838-0455-0504.
Balance limit can be up to IDR 20 million
The Talangin Dulu feature from BukuWarung provides a balance limit of up to Rp. 20 million, bro. For more details, here are the details 3 balance limit provided by the Talangin Dulu feature:
- Balance limit per buyer is IDR 20,000,000
- The minimum limit for using balances per transaction is IDR 350,000
- Maximum limit of balance usage per transaction is IDR 5,000,000
For the time or maturity of payment, the buyer can choose 1 of 4 options with the calculation of admin fees as follows:
| Timing options | admin fee | Total bill |
| 1 week | 1% | Total purchase price + admin fee |
| 2 weeks | 2% | Total purchase price + admin fee |
| 3 weeks | 3% | Total purchase price + admin fee |
| 4 weeks | 4% | Total purchase price + admin fee |
Tips for using paylater for maximum profit
So that you can use paylater with maximum profit, try to do the following tips:
1. Adjust the loan amount to your needs
Skipper can take advantage of the loan limit function provided by the Paylater service provider to limit the loan value. In this way, Skipper can match the loan amount to the ability to repay.
2. Don’t pay late
Paylater is very profitable if fees are paid on time. Then, don’t pay late, okay, brother. Try to pay the loan repayment quota on time for the employer to avoid penalties and accumulated interest and additional fees.
3. Understand the provisions of late fines
Although the employer is advised to pay at the end of the quota, there may be times when the skipper is forced to do so. Therefore, make sure the employer knows the amount of lateness that must be transmitted in order to calculate if he later has to pay late.
4. Know the Interest Rates
Paying attention to the interest rates and fees for the paylater service used is very important. Because, employers must choose interest rates and service fees that are still affordable and in accordance with the financial capacity of the employer.
So now, you know, what is Paylater? To make the business more successful and hassle-free, Skipper can offer the Talangin function in advance so that purchases at selected stores can be made worry-free. Don’t forget to make sure that commercial finance continues to function without problems always use the BookWarung accounting application. You can download directly through the Google Play Store.
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