Clearpay Expands Luxury Fashion Presence with Matches Partnership
LONDON, November 8, 2023 — Clearpay, a leader in Buy Now, Pay Later (BNPL), has announced London-based luxury clothing brand MATCHES as the latest merchant to join the expanding list of retailers offering the payment solution. The premium shopping destination now offers online customers a convenient and flexible interest-free, pay-in-4 payment option, allowing even more style conscious shoppers the opportunity to invest in highly desirable pieces from their favourite designers, while managing their budgets responsibly.
With Autumn in full swing, the latest shopping data from Clearpay’s customer base shows fashion-forward shoppers are already buying into the hottest seasonal trends with a 143% increase in sales of boxy jackets, 59% increase in trench coats and 28% increase in knee-high boots.
MATCHES CEO, Nick Beighton, said: “We are pleased to pioneer customer innovation here at MATCHES and by working with Clearpay, we are able to offer flexibility to our customers by giving them autonomy on their payment choices. We are delighted to offer this option across our platforms and hope this will empower the customer to make the payment decision best suited to their lifestyle.”
Rich Bayer, Clearpay’s UK Country Manager, said: “The crucial festive trading period is almost upon us with 39% of consumers having already begun or starting their Christmas shopping this month. By offering payment choice with Clearpay at the checkout, retailers can offer flexibility to consumers, helping them manage their spending. We have a successful track record in supporting our retail partners to attract new customers and convert sales, and we look forward to driving results for Matches.
Five facts about Clearpay:
- The service is completely free for customers who pay on time
- If a customer misses a payment, their account is paused so that they cannot accrue more debt or fall into revolving debt
- Capped late fees apply for late payment instalments
- Globally, 90% of Clearpay transactions are made with a debit card
- Globally, over the 12 months ended December 2022, 95% of instalments were paid on time and 98% of purchases incurred no late fees
Click here to find out more about Clearpay.
* Clearpay is credit. T&Cs and late fees apply.
About Clearpay (Afterpay Limited)
Afterpay, known as Clearpay in the UK, is transforming the way we pay by allowing anyone to buy products immediately and pay over time – enabling simple, transparent, and responsible spending. We are on a mission to power an economy in which everyone wins.
Afterpay is offered by thousands of the world’s favourite retailers and used by millions of active global customers. Afterpay is currently available in Australia, Canada, New Zealand, the United States and the United Kingdom, where it is known as Clearpay. Afterpay is a wholly owned subsidiary of Block, Inc. (NYSE: SQ).
MATCHES is a leading destination in online luxury for men and women, with a modern edit of over 600 established and new generation designers, delivering to over 170 countries. We started with a single shop in Wimbledon over 30 years ago and today receive over 100 million annual visits across our website and app.
We have led the way in innovation and emerging talent and continue to define the future of luxury commerce through our seamless integration of physical and digital customer touchpoints. We offer 24/7 advice through our private shopping team, as well as our London stores and 5 Carlos Place, our Mayfair townhouse which comprises a unique retail experience, event space and broadcasting hub.