PayPlan by RBC Messaging

Develop by Shopify

Free plan available

Offer on-site messaging and customer prequalification

Order information transfer

Custom loan plans

On-site messaging

Customer prequalification

Transparent financing

Quick checkout process

About PayPlan by RBC Messaging

Launched Jul 11, 2022

Built by Shopify

Address

Rabat, MA

Website Support Portal Privacy policy Tutorial FAQ Document

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Description

PayPlan by RBC offers an easy way for customers to buy things they want and pay for them over time

With the RBC PayPlan Messaging app customers can apply and pre-qualify for financing earlier in the shopping journey, empowering them with transparent financing options that increase their purchasing power and drive more sales. The entire process to prequalify and checkout takes less than 60 seconds. Once a customer checks out with RBC PayPlan, their order information is transferred to the retailer's server. The RBC PayPlan Messaging app must be used in conjunction with the RBC PayPlan app.

Allow customers to pre-qualify for financing and check out on your site
Get paid upfront in full. Your shoppers pay us over time, so we assume the risk
Offer transparent terms with no prepayment penalties or deferred interest
Create custom plans with loan products that meets your customers’ needs

Pros

Empowers customers with transparent financing options that increase their purchasing power
Streamlines customer prequalification and checkout process to less than 60 seconds
Transfers order information directly to the retailer's server post-checkout
Allows retailers to get paid upfront in full while assuming the risk of customer payments
Offers transparent terms with no prepayment penalties or deferred interest
Enables creation of custom loan plans to meet different customer needs

Cons

The RBC PayPlan Messaging app must be used in conjunction with the RBC PayPlan app
Potential reliance on RBC infrastructure, which might pose a challenge if there are downtimes or technical issues
Integration might require additional technical setup for the retailer