Top 3 Payment Methods For Online Vape Businesses Aside Paypal In Australia

 

In a surprise move, online payment processor Paypal banned payments made towards vaping products. This move will lock out vaping product suppliers out of their accounts for 180 days.

But there are more options for you, so you don’t need to panic. In this article, we discuss the top 3 payment methods for online vape businesses, if not Paypal in Australia. 

 Zip Pay

Zip is an app-based buy now, pay later platform that can be used both instore and online.  It claims to be “the good guys” who do things “better than the banks”. But do they really? ZipPay is more like a line of credit. There’s a flexible payment schedule and more time to pay back money borrowed for each purchase.

For vape wholesale buyers, this payment gateway has an added advantage, as you can place any order and pay later, provided the other conditions are met. And if you are making repayments from your credit card, you could end up getting hit with fees twice if you’re not transferring money to meet the instalments.

Lay Buy

Lay buy is a payment platform based in New Zealand. It is designed to make it convenient for shoppers to initiate online and in-store purchases. It also doesn’t require any charges on interest and allows you to pay for your purchase through weekly instalments for up to six weeks. Lay buy created a big impact in its native New Zealand, claiming it signed up 200,000 users and partnered with 2,750 stores in just 18 months. 

It’s policies do allow vapor supply wholesale buyers in NZ and Australia to place their orders seamlessly. 

PayItLater

Founded seven years ago, Afterpay is one of the most recognisable and trusted pay later systems in Australia. It allows its buyers to purchase items online or in stores and pay for them in instalments. PayItLater is a relatively new pay later system that serves the same function. They operate by extending a line of credit to their buyers on behalf of the store.

PayItLater then makes on-the-spot credit approvals without you needing to fill out any tedious paperwork. It’s easy navigation makes it easier to set up the payment gateway of vapor shop online. Also, it never charges any setup fees or interest. Where they make their money is through late fees. 

Read More – Payment Methods For Online Vape Businesses

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