Offer a low monthly price with a built-in upgrade at checkout, through one integration.
Fairown Flex is a product subscription for consumers. The shopper pays a fixed monthly amount for a set period instead of the full price, and at the end of the term chooses to upgrade to a new product, hand the old one back or keep it by settling the remaining amount. The guaranteed buyback value is priced into the plan on day one, which is why the monthly cost is lower than a regular instalment on the same product.
A regulated partner bank finances the purchase and the merchant is paid up front. Fairown prices and carries the residual value and handles trade-in, refurbishment and resale when the product comes back.
Flex is built for high-ticket consumer categories such as phones, computers, gaming hardware, TVs, bikes and other durables, where the monthly price decides whether the shopper buys at all and the upgrade turns one sale into a returning customer.
With Briqpay you connect Fairown Flex through a single integration, keep your own agreement with Fairown, and decide by market, category or cart value when Flex is shown next to your other payment methods.
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