ddavison
July 3rd, 2013, 23:06
I've always wanted to sound like a Big Box Salesman, and I guess now is my chance.
We are happy to announce that we now accept 6-month interest free installment payments for purchases over $99 through Paypal's Bill Me Later feature. Full to Ultimate Upgrades or Ultimate licenses instantly qualify you, but so do bundle purchases or any other combination of items with an overall total over $99. We evidently had this option for some time, but I just found out about it after speaking with someone from Paypal. Read more below.
I answered the phone to what sounded immediately like a sales call. I'm glad I took it, though, because I think this is something that a lot of our customers would actually like. Please do your own research, but here is the skinny:
1. The interest is $0 if paid off in full within 6 months.
2. The interest is a fairly high 19% if not paid off in full and while I didn't dig any deeper here, I'm pretty sure they retro-actively apply the percentage to the beginning if you don't pay it off completely.
3. The payment to Paypal is handled completely by them and you and does not involve SmiteWorks at all beyond them transferring the full funds to us in the very beginning. SmiteWorks will never call you for payment or collections activities.
To use this feature, check out and select Bill Me Later. You can look for this new banner available on the store page.
I expect this is something that will be useful for a lot of people. It goes without saying, though, that the deal becomes significantly less cool if not paid off in full during the first 6 months. I've seen worse rates -- but not very often. Paypal still gets a benefit for any sale we make but they'd probably love for people to miss the window so they can get 6X the standard percentage.
We are happy to announce that we now accept 6-month interest free installment payments for purchases over $99 through Paypal's Bill Me Later feature. Full to Ultimate Upgrades or Ultimate licenses instantly qualify you, but so do bundle purchases or any other combination of items with an overall total over $99. We evidently had this option for some time, but I just found out about it after speaking with someone from Paypal. Read more below.
I answered the phone to what sounded immediately like a sales call. I'm glad I took it, though, because I think this is something that a lot of our customers would actually like. Please do your own research, but here is the skinny:
1. The interest is $0 if paid off in full within 6 months.
2. The interest is a fairly high 19% if not paid off in full and while I didn't dig any deeper here, I'm pretty sure they retro-actively apply the percentage to the beginning if you don't pay it off completely.
3. The payment to Paypal is handled completely by them and you and does not involve SmiteWorks at all beyond them transferring the full funds to us in the very beginning. SmiteWorks will never call you for payment or collections activities.
To use this feature, check out and select Bill Me Later. You can look for this new banner available on the store page.
I expect this is something that will be useful for a lot of people. It goes without saying, though, that the deal becomes significantly less cool if not paid off in full during the first 6 months. I've seen worse rates -- but not very often. Paypal still gets a benefit for any sale we make but they'd probably love for people to miss the window so they can get 6X the standard percentage.