clearpay23 Jun 2020 11:30
During the COVID-19 period, Clearpay has seen a strong customer adoption rate. In May 2020, Clearpay
had more than 3 million app and site visits, and Clearpay’s Shop Directory contributed over 1.5 million
lead referrals to its retail partners. This represents a 40-50% increase in the weekly run rate from January
and February.
“The world and the industry are changing at a rapid pace, and during this challenging time consumers are
looking for ways to pay using their own money - instead of turning to expensive loans with interest, fees
or revolving debt,” said Nick Molnar, Co-Founder of Clearpay. “We applaud our U.K. merchants who
support the payment needs of British shoppers - especially as we head into a ‘new normal’ for retail.”
Clearpay allows merchants to give shoppers the ability to receive products immediately and pay in four
simple instalments over a short period of time. The service is completely free for customers who pay on
time - helping consumers spend money responsibly, without incurring interest, fees or revolving and
extended debt. More than 95% of Clearpay orders are made with debit cards.