3. Payment
The payment process begins when the consumer initiates the payment and concludes when the consumer finish the payment and the purchase order is confirmed. Once the shopper completes the valuation, they have two options to apply the discount to their new purchase:
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Ealyx Pay - Our recommended payment method that provides an immediate discount applied directly to the new purchase. This helps improve conversion rates and customer satisfaction by providing instant value to your shoppers. With Ealyx Pay, consumers can instantly discount the estimated trade-in value from the new purchase price. The estimated trade-in value is financed through Ealyx and the merchant always receives the total purchase amount.
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Other Payment Options - Alternative payment methods where the discount is processed as a cashback. If consumers choose a payment method other than Ealyx Pay, they can pay the full purchase amount and complete the Trade-in process. After the used product is inspected, the consumer will receive the cash-back from the confirmed trade-in.
📘 Trade-in management after the payment:
Ealyx manages the entire trade in process, irrespective of the payment method, and this process remains entirely separate from the post-purchase order flow.
Ealyx Pay​
When a consumer selects Ealyx Pay, the payments modal handles the entire transaction. After the payment is complete, Ealyx sends the order confirmation to the merchant and the merchant receives the full purchase amount.
Basic Trade-in (Other Payment Method)​
When a consumer with a valid trade in completes the purchase using a payment method other than Ealyx Pay, Ealyx captures the Trade-in and the merchant receives the confirmation as any other order.