Deferred Payments — How to Use Them and Why They Are Worth It?

Deferred payments are a solution that will allow you to quickly and conveniently pay for goods or services without disrupting your financial liquidity. It is also a way to increase your company's competitiveness and build stronger relationships with business partners. Find out how to use them and in what situations it is worth choosing this payment method.

From the article you will learn:

• what deferred payments are and why they are becoming more and more popular in e-commerce.
• what are the rules for repaying the limit when using the deferred payment option.
• what are the advantages of the deferred payment service for customers and companies.
• what Spingo is, i.e. deferred payments for companies.

Table of contents

1. What are deferred payments?
2. How to pay with deferred payments?
3. Deferred payments - benefits for buyers
4. Deferred payments - benefits for companies
5. Spingo: what are deferred payments for companies?
6. How to use deferred payments? Summary of information
7. Deferred payments – frequently asked questions

What are deferred payments?

Deferred payments are a modern financial service that is gaining more and more supporters. Thanks to it, you can buy a product now and pay for it after some time, usually up to 30 days. Shopping with deferred payment is a convenient alternative to classic loans or credit cards. You don't have to spend money right away, but you have time to think about your decision. If you return it within the statutory period, you will not incur any costs associated with the purchase.

According to data from the report prepared by Commerce Trends[1], deferred payments are becoming more and more popular. In 2024, as many as 25% of Poles chose the "pay later" option, which is an increase of 16% compared to 2023.

This trend should not be surprising, as deferred payments can bring a number of benefits to customers, as well as to companies. Consumers gain, among other things, financial flexibility and can optimally organize their household budget, especially in case of unforeseen situations. Entrepreneurs, on the other hand, strengthen their position on the market, increase the brand's competitiveness and build stronger relationships with customers.

You can find the deferred payment shopping service <a href=”/metody-platnosci/paypo” target=”_blank” rel=”noopener noreferrer”>PayPo in the Przelewy24 offer. If you implement it in your store, you will increase the comfort of buyers and it will be easier to build a strong community around your brand.

How to pay with deferred payments?

The deferred payment shopping mechanism is simple, intuitive, and most importantly, safe. Find out how to use PayPo deferred payments.

1. Choose the product or service you want to buy and add it to your cart.
2. In the order summary, next to the payment option, select PayPo.
3. Fill out the virtual form – provide the necessary data to process your payment.
4. Read carefully and accept the terms and conditions of deferred payment shopping.

At the end of the process, you will receive a transaction confirmation and information about the repayment system.

Repayment of the limit with deferred payments

The repayment mechanism for deferred payments involves settling a specific amount within a specified period. The detailed rules may vary depending on the terms indicated by a specific payment operator, but the essence remains the same. Timely repayment in accordance with the repayment schedule will unlock access to the granted limit and protect you from being charged interest for late payment.

Deferred payments - benefits for buyers

A lack of funds in your account no longer has to be an obstacle when you have a product in mind. The comfort of shopping will be provided by deferred payments, thanks to which you can enjoy the product right away, and think about repayment later. With this service, you can realize your plans and fulfill your dreams, and you don't have to invest your savings or wait until you collect a sufficient amount.

Deferred payments can also be a financial buffer, which is especially important in the event of unforeseen random events, such as a sudden refrigerator breakdown.

Deferred payments - benefits for companies

Currently, payments in e-commerce are more than just a form of payment for goods or services, they are a way to build brand availability. Therefore, the diversity of payment methods, including deferred payment shopping, increases the attractiveness of the store and builds your competitive advantage.

Also, keep in mind that the guarantee of payment flexibility can be an important factor that will influence the customer's purchasing decision. If you offer them a deferred payment service, you will increase the chance of, among other things:

• increase in store turnover, and thus business profitability - the customer can fulfill their purchasing need regardless of the amount of available funds in the account.
• reduction in the number of abandoned carts - the customer can choose the "pay later" option, which gives them the comfort of planning expenses.
• effectiveness of marketing activities - deferred payments can be an effective element of your company's promotional campaign. You will encourage them to take advantage of the offer right away, with the guarantee of payment at a later date.

Remember:

The deferred payment service provides that you will receive the money immediately after the transaction is finalized - even though the customer will pay for the goods later or split the payment into installments.

Spingo: what are deferred payments for companies?

In the e-commerce industry, solutions that allow you to flexibly manage your business and plan company expenses are what matter. Thoughtful investments in store development are a constantly sustained trend that helps build your position on the market[2]. However, the amount of these costs can sometimes give you a headache. You have to take care of your financial liquidity, pay invoices, and sometimes you just run out of money.

What can you do? Consider Spingo payments. This solution is aimed at entrepreneurs and will allow you to effectively plan your company budget. The principle is simple: you choose the goods, but you do not pay immediately, you just decide on the deferred payment option. Then you set the payment deadline - up to 90 days from the moment of purchase. Thanks to this, you can develop your business and at the same time skillfully plan your expenses.

How to use deferred payments? Summary of information

Deferred payments are an excellent solution if you want to purchase certain products or services without immediately burdening your household budget. Using them is extremely simple and convenient. However, it is worth approaching them wisely, so before you use this option, among other things:

1. Analyze your budget and determine how much you can allocate for monthly repayment.
2. Make sure that you are able to repay the debt within the assumed period.
3. Choose proven financial service providers.
4. Read the terms of repayment of the limit with deferred payment carefully and remember the established repayment deadlines.

Thanks to this, repaying the limit will not be an excessive burden on your wallet.

Deferred payments – frequently asked questions (FAQ)

1.What are deferred payments?

This is a service that allows you to buy a product or service now and pay later, usually within 30 days, without the need to immediately commit funds.

2. Are deferred payments safe?

Yes, this is a modern and safe solution, used by reputable payment operators, which protects the interests of both customers and sellers.

3. How much time do I have to repay a deferred payment?

It is usually a period of up to 30 days from the moment of purchase, but the exact terms may vary depending on the service provider.

[1] "How Poles pay online? Payment methods under the microscope – Report 2024/2025" available at https://commercetrends.pl/jak-polacy-placa-online-metody-platnosci-pod-lupa-raport-2024-2025/

[2] E-book: The power of e-commerce. Trends, tips, and tools for those planning to develop their company.