When it comes to buying a new phone, it’s important to understand how the Zilch Buy Now Pay Later Program works. The company offers a service where customers can pay with a virtual card at any retailer that accepts Mastercard. The payments can be spread over six weeks with no interest, and the customer can make up to four payments at a time with zero interest. The company leverages its partnership with Mastercard to offer this service to customers, which allows them to pay for their new iPhone 6 at a discount.
Zilch uses PCI DSS Level 2 certification to protect its customers against payment card fraud and data breaches. In addition, the company is authorized by the Financial Conduct Authority. Many consumers have written reviews about Zilch, praising the program’s easy application and ability to spread out payments over several weeks. The company’s Trustpilot rating is high, but there are some negative reviews. Despite this, most consumers are happy with their experience, and the company has received many positive reviews.
BNPL providers are regulated by the Financial Conduct Authority (FCA). In the United Kingdom, the FCA has been investigating the practices of BNPL providers and is planning tighter rules for them. The program will become available in the US market in 2020. In the UK, the Financial Conduct Authority has also approved Zilch as a consumer finance provider. This will enable the company to better serve consumers and increase their cash flow.
With the 0% interest rate and instant access to the customer’s account the company is a revolutionary product in the Buy Now Pay Later marketplace. Its patented technology enables customers to pay in full at one time and avoid late fees. In the UK, the system was launched in May of this year. Its aims to expand its reach by entering the US market in 2019. The company plans to hire about 100 new employees in the next three months and will expand its services to the US in the future.
Unlike many other programs, the Buy Now Pay Later program is easy to use. Customers can choose to pay 25% of the total cost upfront and clear the balance over a period of six weeks. The program is not limited to clothing. The companies have partnered with many other retailers, including sportswear, homeware and even electronics. The company has a wide variety of products available for purchase. It’s easy to get started with Zilch and enjoy the benefits of this innovative financial product.