Lazada Payment Methods: The BDO Installments Option

Convenience is one of the hallmarks of  Lazada. And this is manifested in a number of ways. One is through the wide variety of product selection. And the other is through the flexibility in payment methods. For this review, I will be paying particular attention to the latter.

This site has been dubbed as the Philippines’ online shopping mall. And from what I understand, this moniker was given to it less than a year after the commencement of its operation in the country. This then highly speaks of the quality, variety and convenience that this site brings.

As a matter of fact, I believe the Lazada online mall provides convenience in the most number of aspects as compared to other internet shopping sites. And as promised earlier, let me expound on the payment terms aspect.

Flexibility in payment

 

The flexibility in payment provided by this site is made possible through the several payment methods available. But for this article, let me focus on the payment term which was added just recently.

 BDO Installments

This is the newest offer from the Lazada online mall in terms of payment method. Here, I can pay for the items I ordered via my BDO credit cards. What’s even better is that I can pay in installments!

Here, I have the option to spread my payment to 3 months, 6 months, 12 months, 18 months or even up to 24 months or 2 years. The fact is, I have never seen anything like this. Although other internet shopping sites provide the option of paying via credit card, none of those I have encountered give the installment offer.

This payment method is then beneficial for me in a number of ways. For one, it lets me buy more items with my credit card. The usual case with credit card payment is that the whole amount is deducted from my credits. Hence, I reach my credit limit faster, leaving me with less credits to make another purchase.

But that is not true with this site. Since I can pay via installment, less credits will be deducted from me. That will be dependent on the terms I choose (3, 6, 12, 18, 24 months). But whatever I end up with, I will be left with much more credits than I can use to make other purchases. This is especially helpful when I have a lot of things to buy. This happens during special occasions or opening of school.

Lastly, this payment method from the Lazada online mall helps me save up and make an urgent purchase. This is especially true when I need to buy something expensive. I remember there was this instance in the past when I needed to buy something very costly. But since I did not have enough cash or credits during that time, I missed the opportunity.

But with the installments option, I can already buy an expensive item since I can save up and spread the payment to a couple of months or even years. I can just give partial payments within my credit limit and just wait for the renewal of my credits to give another partial payment.