Afterpay vs Jifiti:
Compare BNPL Providers at a Glance
If you’re looking into alternatives to Afterpay, you’ll want to compare apples with apples.
BNPL isn’t a one-size-fits-all and there are many types of BNPL companies in the market.
Who is Afterpay?
Afterpay is a direct-to-consumer (D2C) Buy Now Pay Later fintech company.
Who is Jifiti?
Jifiti is a global white-labeled BNPL facilitator that powers point-of-sale financing for banks, lenders and merchants.
How Does Afterpay Compare to Jifiti?
|Merchant owns data||✔|
|Easy to integrate||✔||✔|
|Enables regulated financial entities to offer BNPL||✔|
|Multiple loan programs||✔|
What should I consider when weighing up Afterpay alternatives?
1. Customer relationship
This means that a retailer’s customers are exposed to other brands during their user journey. A merchant thereby risks sacrificing their customer relationship to a third-party provider and diluting their brand.
With Jifiti, the BNPL solution is white-labeled so the merchant retains full ownership of the customer relationship throughout the buyer life cycle.
The best way to increase customer approval rates is through a multi-lender BNPL platform.
How does it work?
Jifiti BNPL platform is multi-lender with the waterfall model.
What does this mean?
If a customer is not approved by the tier-1 lender, then the application will be passed to a quality secondary lender. The result: higher chance of approval for the customer.
Multi-lender BNPL boosts the retail brand as well as sales and AOV, as the customer will associate your brand with a positive financing experience.
3. Data ownership
If you prefer to retain full data ownership, you could choose a white-labeled BNPL solution, which gives the merchant full control over and ownership of customer data.
4. Channels covered
The BNPL customer journey needs to seamlessly integrate into all buyer channels. Both Afterpay and Jifiti support multi-channel customer journeys with a unified user experience.
5. Geographic coverage
Some BNPL providers operate in single geography while others operate in multiple markets.
Jifiti is currently one of the few BNPL providers that offer global BNPL services, with local implementation in any geographic market.
6. Ease of integration
It should be quick and easy to integrate with a BNPL platform. Both Afterpay and Jifiti provide easy integration options.
Jifiti’s integration options range from zero-integration virtual card technology to easy API integration.
7. Enables regulated financial entities to offer BNPL
8. Customer support
Jifiti provides full technical, product, sales and customer support as part of its end-to-end BNPL solution.
9. Multiple loan programs
Afterpay currently only provides pay-in-4 financing.
The BNPL Provider Landscape
Afterpay vs Jifiti
Want more insight?
Types of BNPL providers
- Direct-to-consumer (D2C)
- White-labeled BNPL facilitators
Afterpay vs Jifiti
- Afterpay is a D2C BNPL provider
- Jifiti facilitates white-labeled BNPL solutions.
Most important considerations
- Who owns the customer relationship?
- Is it a multi-lender solution?
- Financing from regulated entities?
Frequently Asked Questions
Who are the main Afterpay alternatives?
- There are many different types of alternatives to Afterpay – some are direct-to-consumer BNPL companies like Afterpay, while others are white-labeled BNPL facilitators like Jifiti. Take a look at our full BNPL provider comparison table to compare all the major BNPL providers.
What are the pros and cons of working with Afterpay?
- When you offer BNPL through Afterpay, you can increase sales and AOV by enabling customers to split their payments into installments. On the downside, you are sacrificing your customer ownership and data to a third-party provider.
Jifiti is trusted by the world’s biggest banks and retail brands
Jifiti is transforming point-of-sale financing with cutting-edge technology, data and BNPL solutions.
Our white-labeled Buy Now Pay Later platform powers any bank loan program at any POS - bridging the gap between retailers, lenders, and consumers.
We offer retailers zero-integration POS financing, split pay and end-to-end retail gifting solutions.
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Columbus, OH 43220