Bunnings offer buy now, pay later
BUNNINGS is the latest major retailer to jump on the buy now, pay later trend, just in time for Christmas.
The national hardware chain announced today it has struck a deal with Openpay, following a successful pilot program within its kitchen division in its Victorian stores.
Openpay, which allows customers to purchase goods instore and pay later on an interest-free, fortnightly basis over between two and 18 months, will be available in all stores across all divisions from early next month.
Bunnings has previously not offered customers any of the popular buy now, pay later payment options, such as Afterpay and Zip Pay.
Bunnings' managing director Michael Schneider said the decision was based on customer feedback.
"We are always listening to our customers and team on ways we can provide a better experience," he said.
"This type of payment method has been on the top of customers' wish lists, with more than 500 customers requesting a buy now, pay later option, so we are really excited to have Openpay available for our Australian customers from early December."
Openpay chief revenue officer Dion Appel said the deal would expand Openpay's presence in the retail market, with the service also available at other major chains including Spotlight, Carpet Court and Godfreys.
"We are excited to extend our partnership with one of Australia's largest businesses and leading brands in the home improvement space," he said.