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Flipkart Pay Later – The most convenient way to shop

After introducing Indian buyers to Cash on Delivery, No Cost EMI and Buyback Guarantee, Flipkart has launched one more customer-focused innovation – Flipkart Pay Later. In order to fulfil the need for access to credit along with building trust and convenience in shopping experience for customers, Flipkart has come up with this new feature.

What is Flipkart Pay Later?

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Image: flipkart.com

Flipkart Pay Later is a way by which the purchase and payment gets de-coupled. It is a customer-centric innovation from Flipkart and operates similarly to khaata (register) at a grocery store. Customers can purchase goods on Flipkart throughout the month up to an enabled limit (Rs 5–10k) without having to go through the payment process every time.

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Additionally, they can complete their purchase in just one click, receive the products, use them and validate their quality, and pay the amount later. The payments can all be accumulated and thus, paid at one go in the coming month. If there are any refunds or cancellations, an automatic adjustment is made in their account.

Also, in this case, one does not have to pay. Hence, no money exchange is required for products that users didn’t find useful and thus wanted to return or cancel.

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Additionally, they can complete their purchase in just one click, receive the products, use them and validate their quality, and pay the amount later. The payments can all be accumulated and thus, paid at one go in the coming month. If there are any refunds or cancellations, an automatic adjustment is made in their account.

Also, in this case one does not have to pay. Hence, no money exchange is required for products that users didn’t find useful and thus wanted to return or cancel.

Key Highlights of Flipkart Pay Later

  • Avail Rs.5000-10000 instant Credit and pay later next month
  • You can easily shop with just a single click without using net banking or cards.
  • Flipkart pay later interest- Well there is no interest allocated on your credit amount
  • There is no requirement for any documents.

Eligibility for Flipkart Pay Later

Flipkart Pay Later is available for selected customers only. It is different from an add-on or subscription service such as Buyback Guarantee. One doesn’t have to complete any formalities or submit any documents to avail the benefits.

The customers who are eligible will find that they have access to a shopping limit and can avail of this payment option while shopping from selected sellers on Flipkart. The basic thing is to do regular shopping at Flipkart and do regular transactions.

How to increase the Flipkart Pay later limit?

The only way is to do regular transactions and shopping at Flipkart and rest if we choose to pay later option than we should do the payment timely.

What if I don’t pay the Flipkart Pay later money?

So yes we go through some terms and conditions and that too with strict jurisdiction as Bank does with us during credit cards. So ultimately we will be in consequences.

Also, it will affect our CIBIL score and we won’t be able to get loans or credit cards for some time.

Also to be noted is that one cannot make partial repayment to clear the balance. Neither can you pay an excess amount as this facility is not a wallet where you can put in extra money.

If you have an outstanding amount, a notification will be sent to you to pay the full amount to clear your dues and further enjoy the benefits of Flipkart pay later. This payment option is currently available on the Flipkart mobile app and will soon be extended to the desktop site.

Lastly What is the penalty for Flipkart Pay Later?

It is same as late fee charge which happens in Flipkart and we might have to pay 250-500 RS more.

Hence to conclude, if you want to buy a new smartphone, cosmetics, kitchen appliances, no matter what you want to buy from Flipkart – an amazing option, Flipkart Pay Later is all set for you!

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