Payment solutions provider, QuickFee has expanded its business to support franchise operations with a new buy now pay later (BNP)L solution specifically designed for larger purchases.

The Franchise Payment Services BNPL solution, which can be white labelled, enables a range of flexible payments of up to 12 monthly instalments, and unlike many other BNPL options, it uses people’s existing credit or debit cards.

The move follows QuickFee’s recent partnership with Jim’s Pay Plan, enabling QuickFee to offer its solution to Australia’s largest franchising family, Jim’s Group.

The QuickFee solution offers a simple QR code driven payment gateway with no new hardware, software or app required, ensuring that franchise businesses preserve their own branding through the payment process while giving customers more flexibility.

Retailers get paid up front, while consumers can use the service to pay over four, six, nine or 12 months, via QR code, invoice or quote link, text to pay, or via computer, tablet or phone.

QuickFee Australia managing director, Bruce Coombes (pictured) said with the increasing awareness of BNPL options and higher demand from the franchise sector, it made sense to offer franchise businesses a tailored option for their specific needs.

“Our new Franchise Payment Services business is a strategic way for franchisees to expand their offering to consumers. This is well-suited to larger purchases compared to traditional BNPL products, and gives consumers confidence because it uses an already-established payment method they are familiar with, but lets them pay over time,” he said.

QuickFee CEO Eric Lookhoff added, “Franchising is a great way for businesses to grow quickly, accessing new customers with existing brand recognition. At QuickFee, we tailored our payment solution to help franchisees increase sales, enjoy higher average transaction values, and improve customer loyalty.

“The franchising sector continues to expand rapidly, and we look forward to helping a wide range of businesses grow by offering the easy, fast, and secure payment solutions their customers demand.”