Wuhan Star Sets Sail: Amazon Launches New Payment Method , Allowing Buyers to Complete Payments in 5 Months

Wuhan Xingqihang E-Commerce Co., Ltd. learned online that on September 21, Amazon has launched a new payment method, Amazon Layaway, which allows consumers to complete payment for goods in 5 months without any additional fees or credit checks. . This payment method accepts any credit or debit card. Amazon's new payment method allows buyers to pay 20% of the item's price in the first payment, with the remaining balance paid in monthly installments over the next four months. If a customer needs to cancel or doesn't complete a payment, Amazon will refund all amounts paid, without service fees and cancellation fees.

I believe that many people have read the introduction about Amazon Layaway and thought in their minds, isn’t this the Chinese version of JD Baitiao? Xing Qihang felt that it was indeed very similar to Jingdong Baitiao. For consumers in the European and American markets, they like to spend ahead of time, and the usage rate of credit cards is generally high. As for the installment payment method launched by Amazon, Xingqihang believes that it will be more recognized by overseas buyers.

Xingqihang boldly guessed that Amazon launched the Amazon Layaway instalment shopping method at this time, or to cater to the economic crisis caused by inflation in European and American countries. Consumers’ disposable funds are tighter, but Amazon, as a global e-commerce giant, has markets all over the world. If the number of buyers shopping on Amazon decreases due to the economic crisis, or the amount of shopping is reduced, it will also be for Amazon. a loss.

Therefore, Amazon launched the Amazon Layaway instalment shopping method in a timely manner, which can not only encourage consumers to shop boldly, but to a certain extent, it can indeed alleviate the embarrassment of some consumers who are financially stressed. Despite inflation, life has to go on, and the products that should be eaten and the products that should be used have to be consumed. Amazon’s move is very popular.