Pay Later

Buy Now Pay Later For Business: Is it the Right Choice For Aesthetic Clinics?

Buy Now Pay Later for business or BNPL for short, is a game-changer for the aesthetic industry. With reports of significant improvements in sales, it is an attractive method of gaining new clients and increasing bookings for your most expensive treatments. Though there are still those who resist implementing BNPL schemes, with the ever-growing competition in the aesthetics industry, having Buy Now Pay Later for business may be the greatest asset you will have to stand above the rest.

In this blog, we will tell you why Buy Now, Pay Later (BNPL) is the right choice for your aesthetics business!

1. The convenience it offers

There’s a clear reason why BNPL is popular with 26.4 million people. Their popularity is due to how BNPL conveniently offers financial flexibility to interested and worthy customers. Whether it’s for something small or an expensive treatment, BNPL is a popular payment method because of its ability to spread costs, interest-free payments*, and ability to pay for high-cost purchases that clients couldn’t afford in one go! In addition, young borrowers have decided to opt-in to the Buy Now, Pay Later option to avoid high credit card interest!

Through Faces, we’re enabling you to offer convenience to your clients! With no upfront or setup fees, register with Faces Buy Now, Pay Later, for free!

2. Clients keep coming back for more

Retaining clients and increasing your client base have become much easier with Buy Now Pay Later for business! Combining the best customer experience, bespoke treatment, and flexible options, you’ll be able to turn your one-off clients into lifelong patrons. Don’t believe us? Hear it from Harvard themselves! Through BNPL, clinics and solo practitioners alike would be able to foster trust and appreciation by looking like businesses that care about and appreciate their clients.

With BNPL at hand, you can also strategically use other features on Faces like SMS reminders, group emails, and discount codes to increase client retention and loyalty rates.

3. Stand among giants

Competition is fiercer than ever, and the greatest weapon you have (or don’t have) is Buy Now Pay Later for business. Clinics or aesthetic professionals stand above their competition by exuding great customer care and experience; one way of effectively displaying these treatments is by offering BNPL at the time of their needs. Through BNPL, your clients will have the best and most unforgettable experience. Stand among giants, or take the extra mile by standing above your competition!

4. A win-win situation

If it’s not evident enough, BNPL is a solution that benefits you and your clients. Clinics and practitioners observe higher booking rates, an increase in clientele, and better customer loyalty rates on their aesthetic business! Meanwhile, your clients get to enjoy their treatments while spreading the cost. With Buy Now, Pay Later, you’re not just offering a payment option for your client; you’re also building a pathway to beauty that onlookers and clients can easily walk down.

5. Secure more bookings

Let’s end this list with an irrefutable fact. BNPL has provided a way to secure more sales for businesses. In fact, 69% of UK businesses have reported increased sales and performance metrics. Finance lenders like our partner, PayL8r, have been revolutionising the way clients pay for their treatments, and positive results have been gained since then. Buy Now Pay Later for business has truly helped thousands of aesthetic practitioners and clinics in the UK.

The bottom line: Buy Now Pay Later for Business

To summarise what we have discussed, Buy Now Pay Later for business is more than just a payment option. Through BNPL, clients can grasp confidence and beauty, while aesthetic professionals use it as a tool for customer satisfaction, growth, and success. Demonising BNPL can be detrimental in pursuing long-term goals and success for your aesthetic business, though we won’t hide the fact that finance without the proper knowledge could lead to unethical financing. Equipping ourselves with the right mindset and informing our clients properly can turn these harmful effects into a solution that enables both parties to benefit from it.

May 6, 2024 by admin | 0 comments

Finance

Payment Plans Are Bad, But Is Cash Actually Worse?

Running a business is not a game. The Journal of Aesthetic Nursing has also listed several reasons why your aesthetic business could fail. Clinic owners and solo practitioners alike spend valuable time, effort, and focus in order to dish out excellent work for their clients. Every business wants to meet client expectations and offer the best experience for their clients. However, at the end of the day, practitioners want to get their hard-earned money back.

Though some would say they’re doing aesthetics for noble reasons or their passion, this still boils down to whether you’re making profits or not. But you might be restricting potential clients and profits by being stubborn about your choice of payments.

Let’s talk Payment Plans

“Are you offering payment plans or financing?” You might’ve heard this question from your clients before. We know some providers kill you with fees and interests when signing up and using their service. We also understand that it sometimes feels like a disservice rather than an advantage for your business. But have you considered your client’s perspective on this matter?

Not all aesthetic treatments are affordable. We have treatments like bum fillers or customised packages that will leave a gap in the client’s finances when they pay cash. How would you attract clients when you’re not giving them a choice?

Payment plan as an alternative

Another example to look at is how your business will feel about clients. Aesthetic treatment is a luxury, but to position it as something unattainable will turn off a lot of clients! Cash offers simplicity, while payment plans offer affordability even for the most lavish treatments.

“If they can’t afford the treatment, they shouldn’t have it.” That’s some tough love! We know you’re promoting responsible spending, but client reasons differ from each other. We have clients waiting for their paycheck, a person who doesn’t want to spend their own money, and someone who wants to spread their payments. Consider and establish a healthy relationship by offering payment plans.

Cash upfront—a turn-off?

Paying cash upfront may hinder your clinic’s cash flow too. Clients who want to use payment plans now will be forced to look at other clinics that offer the same treatment with flexible payment options. Instead of reaching back out to you after a couple of months, the risk of losing clients is far greater.

“The fees are just too expensive.” That’s the way people think of it for the first time. Those fees and startup costs at different finance companies are there for 3 key reasons. They take on the risk of your clients not paying in full; they do a soft credit check; and they’ll be the ones following up on your clients for late payments. They are also here to make money, and clinics just need to outsmart the system. Find a pharmacy that offers the same products at a cheaper price, or you have the option to increase your treatment price if you like.

“Stop pushing your narrative about it! ”We won’t.

The hard truth here is that in order for you to attain that “100k a year,” you need to make the right decision. Offering flexible solutions to your client’s problems will ensure that you’re a step closer to your financial goals. Especially if you’re offering high-end treatments and packages, payment plans are a great way to encourage clients to spend!

Amidst the confusion, there’s a solution.

With all these advantages and disadvantages presented, you might find it hard to make a choice. But what if Faces can help? Faces, with its partnered finance company, has the capacity to give you the power to take in cash payments or offer Buy Now, Pay Later. No start-up costs, takes a few minutes to apply, and seamlessly integrates with Faces’ booking system. Don’t make your clients lose hope in gaining their confidence. Sign up through Faces by clicking here, and let’s make your clients happy!

March 26, 2024 by admin | 0 comments

Aesthetics

Faces | Pay Later: Revolutionising Payments in Aesthetics Industry

When you think of beauty and aesthetics, visions of Botox, hair extensions, or body sculpting might float into your mind. These treatments, often seen as luxuries, offer more than just physical enhancement. They boost self-confidence and offer a renewed sense of self-worth.

But there’s a catch: the cost. Many of us hesitate, wallets in hand, questioning if we can afford to feel and look our best. This is where Payl8r steps in.

What’s Payl8r?

Simply put, Payl8r is a finance buddy for your beauty needs. It’s the UK’s go-to finance provider for everything beauty and aesthetics. Their goal? To make sure everyone can enjoy aesthetic treatments, without breaking the bank.

Why Choose Payl8r?

Here are the reasons why you should choose Payl8r:

Tailored to Your Pocket: Payl8r knows everyone’s different. That’s why they let you choose how you pay. Want to spread your payment over 3, 6, 9, or 12 months? They’ve got you covered.
Interest? No Thanks!: If you settle your loan within the first 30 days, you won’t pay any extra. That’s right, it’s interest-free!
They Care: Payl8r isn’t just about offering finance. They want to make sure you’re in a good place to repay. So, they’ll check if the repayment plan suits you. It’s their way of ensuring you don’t bite off more than you can chew.

Clinics, Here’s Why You Should Join Hands with Payl8r

Here are why clinics should partner with Payl8r:

Welcome More Clients: With flexible payments, more clients will walk through your door. Those who hesitated due to costs might now consider treatments.
Stress-Free Experience: No one wants to stress about money when they’re about to get pampered. Offering Payl8r means your clients can relax from start to finish.
Boost Your Revenue: With the money aspect eased out, clients might try more treatments. For you, this means more business.

Conclusion

Beauty treatments are more than just luxury. They’re a path to feeling and looking great. Payl8r ensures that the path is clear of financial hurdles.

Clinics, by partnering with Payl8r, you promise your clients an experience that’s smooth, right from the first consultation to the final payment. And for those dreaming of the next beauty treatment? Dive in, knowing Payl8r has your back.

August 21, 2023 by Ben O'Brien | 0 comments

Finance

Empower Your Clients and Boost Your Practice: The Unveiled Advantages of Integrating Faces Pay Later!

Are you on a mission to provide the best aesthetic services to your clients but are often hindered by the financial constraints they face? Do you wish there was a way to make your top-notch treatments more accessible to a wider audience? Well, your search ends here! Introducing Faces Pay Later, a groundbreaking split payment option designed to revolutionise the world of aesthetic and beauty treatments in the UK.

In this blog, we’ll delve into the powerful benefits that integrating Faces Pay Later can bring to your aesthetic clinic. Get ready to elevate your practice to new heights and lead the way in the aesthetic and beauty industry!

1. Financial Flexibility

With Faces Pay Later, you can offer your clients the chance to split their payments into smaller, more manageable instalments. This financial flexibility allows them to invest in their desired treatments without the burden of immediate payment, effectively widening their clientele base and reducing the financial barriers to high-quality aesthetic treatments.

2. Make High-Quality Treatments More Accessible

Offering Faces Pay Later at your clinic could be the game-changer your potential clients have been waiting for. It opens the door to those premium aesthetic treatments that clients may have deemed too expensive in the past. As a result, you’ll attract a wider audience, increasing your clinic’s bookings and revenue.

3. Confidence Booster

Offering a financial solution like Faces Pay Later not only helps clients afford their desired treatments but also boosts their confidence and self-esteem. After all, the impact of aesthetic treatments goes beyond the surface—it contributes to overall well-being and self-assuredness.

4. Enhance Customer Loyalty and Attract New Clients

By providing this flexible payment solution, you foster long-term relationships with your clients, encouraging repeat business and enhancing customer loyalty. It’s a win-win solution that leads to increased bookings, revenue, and a loyal client base.

5. Streamlined Payments

Faces Pay Later simplifies the payment process for both your clients and your clinic. The easy-to-use online forms and secure transactions can save your staff time and effort, allowing them to focus more on providing exceptional service to your clients.

6. Stay Ahead of the Curve

As the aesthetic and beauty industry continues to evolve, the demand for flexible payment options like Faces Pay Later is expected to grow. By integrating this split payment option into your clinic’s systems, you’re positioning your clinic as a forward-thinking business, keeping you ahead in the competitive UK market.

Conclusion

It’s time to elevate your aesthetics business and ensure long-term success in the competitive aesthetic and beauty market by integrating Faces Pay Later. By doing so, you’ll empower your clients with financial flexibility, widen access to high-quality treatments, and boost client confidence.

May 15, 2023 by Ben O'Brien | 2 Comments

General, Aesthetics

Faces Pay Later: A Win-Win Solution for Clients and Aesthetic Clinics Alike

In today’s fast-paced world, convenience and flexibility are key to maintaining a competitive edge in any industry. For aesthetic clinics, this means keeping up with the latest technologies and payment options that cater to the needs and preferences of a diverse clientele. One such innovation that has been making waves in the beauty industry is Faces Pay Later, a buy now, pay later (BNPL) solution that enables clients to invest in their aesthetic and beauty goals without worrying about costs.

In this blog post, we’ll dive into the world of Faces Pay Later and explore how this win-win solution is benefitting both clients and aesthetic clinics alike.

Why Faces Pay Later is a Game-Changer for Clients

At the heart of Faces Pay Later is the understanding that aesthetic and beauty treatments are an investment in one’s self-esteem and overall well-being. However, these treatments can be costly, especially when clients opt for high-quality services and products. By offering a flexible payment solution, Faces Pay Later empowers clients to choose the treatments they desire without the financial burden of immediate payment.

Here are some of the benefits that Faces Pay Later brings to clients:

1. Financial Flexibility

With Faces Pay Later, clients can split their payments into smaller, more manageable instalments. This allows them to budget their expenses more effectively and avoid getting into debt.

2. Increased Access to Treatments

The availability of a BNPL option like Faces Pay Later makes high-quality beauty treatments more accessible to a wider audience, as clients can now opt for services they may have previously considered too expensive.

3. Boosted Confidence

By allowing clients to invest in their goals without financial stress, Faces Pay Later helps boost their confidence and self-esteem.

How Aesthetic Clinics Can Benefit from Faces Pay Later

The advantages of Faces Pay Later extend to aesthetic clinics as well, as the service helps them attract more clients, enhance customer loyalty, and streamline their payment processes. Here’s how this innovative solution benefits clinics:

1. Attracting New Clients

By offering a flexible payment option like Faces Pay Later, clinics can appeal to a broader range of clients who may have hesitated to book treatments due to cost concerns. This can lead to increased bookings and revenue.

2. Enhancing Customer Loyalty

Clients who have a positive experience with Faces Pay Later are more likely to return to the same clinic for future treatments. By providing a convenient and stress-free payment solution, clinics can foster long-term relationships with their clients and encourage repeat business.

3. Streamlining Payment Processes

Faces Pay Later simplifies the payment process for both clients and clinics. With easy-to-use online forms and secure transactions, clinics can save time and effort, allowing them to focus on providing exceptional service to their clients.

How to Integrate Faces Pay Later into Your Aesthetic Clinic

Integrating Faces Pay Later into your aesthetic clinic’s payment system is a straightforward process. Clinics can offer customers the availability to split payment options in three ways:

Directly through a Consent Form: Incorporate Faces Pay Later as a payment option on your clinic’s consent form. This enables clients to choose the BNPL option when signing up for treatments.

Directly through the Faces Booking Form: Add Faces Pay Later as an option on your clinic’s booking form. This makes it easy for clients to select the BNPL option when scheduling their appointments.

Forward a Finance Link Directly to the Customer: Send a finance link to your clients, allowing them to access and sign up for Faces Pay Later at their convenience.

Note: Clinics offering Faces Pay Later will be charged a 10% administrative fee for the service. This fee covers the costs associated with providing this innovative payment solution and ensures that clinics can continue offering this attractive option to their clients.

The Future of Faces Pay Later in the Beauty Industry

As the aesthetic and beauty industry continues to evolve, the demand for flexible payment options like Faces Pay Later is only expected to grow. As more and more clients become aware of the benefits of BNPL solutions, aesthetic clinics that offer these services will likely see a significant increase in bookings and overall revenue.

Additionally, by incorporating Faces Pay Later into their payment systems, clinics can position themselves as forward-thinking establishments that prioritise client satisfaction and convenience.

Conclusion

Faces Pay Later is a win-win solution for both clients and aesthetic clinics, as it provides a flexible payment option that makes high-quality aesthetic and beauty treatments more accessible to a wider audience. By integrating this innovative solution into their payment systems, clinics can attract new clients, enhance customer loyalty, and streamline their payment processes. As the beauty industry continues to evolve, offering Faces Pay Later is a surefire way for clinics to stay ahead of the curve and ensure long-term success in a competitive market.

Don’t miss out on the opportunity to revolutionise your aesthetic clinic’s payment options and cater to your clients’ needs. Embrace the future of beauty financing with Faces Pay Later and experience the benefits of this win-win solution for yourself.

May 11, 2023 by Ben O'Brien | 1 Comment