PowerBuy Transforms Group Buying With Cash on Delivery, Launching Corporate Website
IRVINE, Calif., Dec. 3, 2020 /PRNewswire/ -- PowerBuy has extended its service offerings to include Cash on Delivery (COD) as a payment option for Shopify Merchants.
With over 75% of e-Commerce transactions in Asia still using cash as a form of payment, Shopify Merchants are now able to accept cash as a form of payment on their eCommerce store.
Why offer a Cash on Delivery option? Let's look at some interesting facts from G4S:
- In many countries in Asia and the Middle East, three in four online purchases are paid for by cash on delivery.
- In 2016, 60 percent of all transactions in Europe were made in cash.
- 4.75 percent of countries report cash is used in over 50 percent of transactions.
- Just under two billion people worldwide have no access to a bank account.
By offering payment flexibility, PowerBuy offers affordable payment options for a multitude of necessary products during the holidays, one of the most expensive times of the year.
It also encourages financial inclusion for those who operate only in cash and assists those for whom cash is the most cost-efficient form of payment. By offering different methods of payment, PowerBuy is de-siloing eCommerce and widening the customer base for merchants.
With the PowerBuy Shopify app, merchants can offer deals on store products with customers and then share via their social networks to encourage their family and friends who want the same product that joins in their group buy.
The more people that join, the lower the purchase price goes, turning customers into micro-influencers and giving incredible deals to shoppers. Merchants gain brand awareness, increase conversions, diversify revenue, and serve their customers, all in one swoop.
PowerBuy is also proud to announce the launch of our corporate website, https://powerbuy.app. Explore more about this revolutionary social commerce app to increase your ROI and slash marketing spend today at the link.