Synchrony Moves Into Bnpl Space With Fiserv Clover 【UPDATED × 2024】

: The "SetPay pay in 4" option is typically targeted for purchases between $40 and $500 .

: In addition to BNPL, the app supports Synchrony's private-label credit cards and longer-term installment loans for up to 84 months. Synchrony moves into BNPL space with Fiserv Clover

: BNPL options are linked to a >10% increase in average basket size and higher purchase likelihood. : The "SetPay pay in 4" option is

: Customers pay in four equal, interest-free installments , with the first payment due at the time of checkout. Synchrony moves into BNPL space with Fiserv Clover

: Search for and download the Pay with Synchrony app.

: Merchants use contactless, direct-to-device technology to send the application via SMS, email , or a QR code scanned by the customer's phone.