Solutions & Services
Newegg.com
Newegg.com, the online computer and electronics store, opted to partner with payments and financing vendor, Bill Me Later®, Inc., because it could offer both a payment alternative — Bill Me Later® — as well as a private label credit card. This suited Newegg.com's strategy to offer different payment options simultaneously and to reduce transaction costs. According to Newegg.com, the combined payment options represent a very powerful vehicle to drive results.
"In a combined payment option, Newegg.com has met their customers need for choice at the point of sale. In doing so, they have increased overall average order values by 300% with the private label credit card, and at the same time reduced their transaction costs."