The world is changing day by day. So, new and innovative systems are also introducing in the business method and trade. Like all other changes, the payment system is also coming up with new fancy ideas. One such idea is Layaway.
This payment system is a brand new system for our continents or specifically in Bangladesh. Although in the West it has been around for a long time. But what actually this Layaway is all about. Let’s figure it out.
What is Layaway?
Layaway is a purchasing plan where a retailer holds and stores a thing for a client, who has a foreordained period to pay the Item. So, the client ordinarily goes into a consent to follow through on the full cost for the thing inside a concurred timeframe. If the client is unable to do so, then the retailer will make the thing come back to the racks for different clients to purchase.
In such cases, the client can return the cash in entire, less a capacity charge, or relinquish in entire, contingent upon the underlying agreement between the two parties. Layaways accompany negligible dangers for the dealer, and it very well may be offered to clients with the awful record or those with prohibitive extra cash.
Benefits of Layaway
Layaway plans benefit your items to a more extensive crowd, incorporating those with lower pay or not exactly positive financial records. Loan conveys constrained hazard to the retailer and is an extraordinary choice for a contribution from huge scope organizations just as little shops.
These projects have a solid potential to fabricate brand faithfulness (by expelling a portion of the hindrances to buy that some future clients may somehow or another run into) and bring rehash clients to your business. Loan understandings can likewise offer both available and online easily.
Zero Interest
When buying things through a layaway system, clients are not charged interest on the cost of the thing. It makes layaway a less expensive alternative contrasted with credit card buys.
Simple acknowledgment measures
Layaway programs don’t accompany thorough acknowledgment rules like other financing techniques. Retailers don’t directly acknowledge checks just like the case with credit cards. The system just requires a proof of ID and a deposit for the thing, making it a possibility for clients with past credit issues.
Possibilities of Layaway in Bangladesh
This payment system can be popular among the youth here in Bangladesh. Many young people want to buy good brands product or expensive gadgets. But they may not be able to buy those things because they do not have enough money. Thus, this payment system can be a blessing to them.
With this process of Layaway they can easily purchase the desired products of their choice by paying money step by step. Even for our religious people it is a nice system too as there is no interest method in this payment system. It fully respects our religiosity.
NEXT Global brings Layaway to Bangladesh!
Next Global is coming up with this payment system for online shopping in Bangladesh. It’s a Utshob group concern and with the slogan of ‘Dreams Made Reality’ it is opening many doors of possibilities. On this online shopping site you can buy your desired brands or gadgets products through this Layaway payment system.
