It’s always a fun experience to shop for products in appliance stores in the Philippines. There are so many merchandise and supplies to choose from, and it can be tempting to impulsively buy. However, with the amount of products we consumers see, it can become challenging for some when choosing the right payment method.
We as consumers always want to make our shopping spree enjoyable and hassle-free. This can be achieved by learning more about the different payment options that these appliance stores offer. You will learn more about these modes of payment as we discuss further into this topic, because nothing beats an enjoyable shopping experience!
Cash Payment
If you are the type of consumer who doesn’t like to worry about interest rates and credit limits, then the cash payment option is perfect for you. This mode of payment is quick; as long as you have the right amount, product purchase just comes easily. This mode of purchase is the traditional form of payment and is commonly used in all stores across the globe.
Furthermore, paying in cash allows you to avoid accumulating debts. Waiting for credit card approval or online payment processes are never an issue. The only downside to paying in cash is the need to be more cautious when you are carrying larger sums of money in a crowded area. But other than that, this method is the easiest because it offers the quickest transaction out of all payment modes.
Credit Card
Most consumers nowadays prefer not to carry large sums of money. As mentioned previously, having a large amount of paper bills on hand can be dangerous, especially in crowded places. So to avoid such risks, using a credit card to purchase will come in handy.
Widely accepted all over the world, credit card payment is a very convenient method of purchasing products. Also, you can gain rewards and cash backs when you use a credit card to purchase from appliance stores.
Lastly, it also offers installment plans that make it easier for people who do not yet have the option to pay in full. This allows the consumer to pay a smaller amount every month, though with interest, it’s quite convenient.
Debit Card
Using a debit card, like a credit card, eliminates the need to carry a large number of paper bills. This is another popular form of payment wherever you go. Debit card payment is accepted whether dining out, grocery shopping, or shopping for clothes.
Make sure you have sufficient funds in your bank account before making a purchase. The drawbacks of debit card use are the basis for this measure. Since your debit card and bank account are directly linked, not having enough money on hand could prevent you from completing any purchases.
Lastly, you can also withdraw cash from the ATM using your debit card, with 10.00 Php to 12.00 Php deduction. You may also use this for online transactions because you can link it also to online apps like Gcash, PayMaya, or other online shops. And though it may not offer the exact same services that credit cards offer, like extended warranties on appliances, it’s still a convenient way to make purchases.
Installment Plans
If you’re looking for a more budget-friendly way to purchase appliances, asking about installment plans is a good option. Depending on the plan you choose, it can offer you zero interest to low interest rates.
In addition to this, appliance stores all over the country offer different types of installment plans. Installments are a way for appliance stores to spread out the cost of your purchase for a couple of months, making payments affordable and easier for you.
These are usually in small forms of documentation and can be easily applied for. Some may have same day approval, allowing the customer to take home his/her purchase on the same day.
And last, it’s important to meticulously read and learn about the terms and conditions of these plans because there might be hidden fees and penalties for late payments.
Online Payment
Last on this list is the online payment method. There are several e-wallets available today, and as e-commerce further expands, there will be an increased demand for purchasing appliances online.
Nowadays, especially since the pandemic hit, more people are leaning towards online shopping. This has led many stores to create partnerships with applications like shopee or Lazada, so they may have an online presence. The drugstore Watsons for instance has a shop in shopee; making it convenient for people to buy products in the comfort of their own homes.
Now, the same is happening with appliance stores. People now have the option to look at product details online and pay using their e-wallets. Many appliance stores offer different forms of online payment as well (e.g. gcash, paymaya, bank transfer, and other online payment gateways).
No matter which online payment option you use, the beauty of this method is that there is no need to visit an actual store to make any purchases.
Key Takeaway
As we come to the end of this interesting topic, we now have a better understanding that there are different modes of payment that we can use for purchasing products from appliance stores in the Philippines.
In addition, thanks to the range of payment options provided by appliance retailers, purchasing appliances has never been simpler. Whatever is your preferred option, whether cash, credit card, debit card or installment plans and online payment, there is a payment method that will suit your needs and lifestyle.
Now, you may buy appliances with ease and have an enjoyable shopping spree experience!
