A Betta shopping experience: Rent It or Buy It?
- Dec 20, 2019
- Betta Advice
- General
Whether you require new furniture or maybe a new air conditioner to keep cool in Summer, there are many ways to ensure you get the goods when you need them most.
You may have heard of our Betta Rent It program, or you might have used it yourself. We’re thrilled to share with you that now there’s another way! Instead of tiptoeing around the product like you’re ‘renting’ it, our new Buy Now, Pay Later services give you more flexibility than ever!
How does Buy Now, Pay Later work?
Whether you’re purchasing small items, like a kettle, or larger items, such as a TV, Buy Now, Pay Later lets you take the product home, use it instantly, and pay it off later! Flexible spending limits of up to $10,000 mean you can purchase it when you need (or want) to.
Choose to repay your amount in instalments either fortnightly or monthly, the choice is yours. Not only is signing up for the process simple, but it’s made even easier by combining instant purchases with repayment flexibility!
How do i know if i'm eligible?
Our Buy Now, Pay Later service providers include Humm and Zip Pay. To use Humm or Zip Pay, you will have to meet the below criteria:
- Be an Australian Citizen or Permanent Resident
- Be at least 18 years old
- Have a valid email address and mobile number
- Have good credit history with the ability to produce an Australian debit or credit card and other forms of ID
Sign up either in-store or online over the website or on the app. With app operation, you can view your purchases, track repayments, and more, all in one place.
What will work better for me: Rent It or Buy It?
To see whether renting or buying will suit your financial needs and lifestyle, we’ve devised a comparison below to help you decide.
| Rent to Own | Buy Now, Pay Later (BNPL) | |
| Product Ownership | Rent it first, own it later. | Own it first, pay it off later, worry free. |
| Sign Up Process | Sign up and approval is either in-store or over the phone during trading hours. | Quick, online sign up process at any time of the day. Instant use. |
| Cost of Items | To rent an item, its value has to be minimum $250 or more. | You can get an interest-free loan on items from $1 onwards, depending on the provider. |
| Repayments | First payment due upon delivery then all future repayments are Direct Debited from your bank account either fortnightly or monthly (your choice). | Depending on the BNPL provider, you can choose repayments to occur every fortnight or monthly. |
| Experience | N/A | App operation means you can view your purchases, track repayments, pay earlier, and more. |
Can’t wait to replace or upgrade your home appliances? Maybe you’re gifting your family and friends with the latest tech, or treating yourself. Whatever the reason, see for yourself why it’s so simple and easy to buy now and pay later with our Betta Buy Now, Pay Later payment options.
