Flipkart launches ‘buy now, pay later’ feature
Flipkart’s latest move to rule the e-commerce market has taken another step where they have started rolling out schemes to buy any product now and pay for it later. They are just releasing the beta update to few users which are loyal customers to Flipkart. Now Flipkart entered into this business, here are the each and every detail of Flipkart Buy Now Pay Later Option.
Many people who got the opportunity to taste the same have reported seeing Rs 5000 to the max as of now to shop. The scheme lets you buy a product as per your credit limit within a given date in a month, that product will be delivered to you and the amount will be accumulated for a monthly bill sent to you on the 1st of every month with a due date on the 10th of every month. You will get proper notifications for the same and you have to be very serious about paying them back. By any chance, if you are not able to pay them back even after 2 warnings or reminders, Flipkart retains the right to file an FIR against you which apparently might drag you into more problems. Not only this proper penalty will be levied which accounts Rs 100 for outstanding up to Rs 2,000, Rs 200 for outstanding between Rs 2,001-4,001 and Rs 400 for outstanding beyond 4,001. If still, you are not able to pay the default, this will lead to termination of account and further purchases would be barred completely.
How to Check Flipkart Pay Later
- Just open Flipkart App from your mobile phone and visit my account
- If you find an image like above then you got the Flipkart Pay later feature
- If you are on desktop then check your account notification
- In case if you don’t find this feature then try to order a product
- At the time of checkout, Flipkart Pay Later might pop-up
Flipkart and its dedicated team are keeping a check on each and every customer in order to facilitate this feature to only those who use the service with no intention of not paying back. A global rollout is being planned but might have to undergo some more precious research keeping the history in mind where Flipkart had been reportedly duped and cheated for lakhs and lakhs of Rupees.
We wish Flipkart all the best and we hope this really could bring out the best out of the E-commerce giant in India.
Editor-in-Chief & Co-Founder of TechMinions.in