Gratify Pay careers

When a BNPL purchase occurs, the store receives their funds immediately and ships the product as normal. The BNPL company charges an 8% fee for their service and manages the consumer credit without risk to the Merchant. The consumer agrees to payment instalment terms, typically four payments over four to eight weeks.

While BNPL companies are experiencing hyper-growth, they are disintermediating the Merchant from the Payment Processor/Facilitator (PayFac) on each BNPL transaction. This means that for every purchase made through the BNPL, the existing Payment Processor or Facilitator is cut out of the purchase and has a reduction in revenue associated with that Merchant.