Elyn is a new French startup that is focusing on the e-commerce market. The company has recently raised a $2.7 million (€2.5 million) pre-seed funding round led by Headline and Sequoia Arc. Elyn is hoping to allow customers to try before they buy something, which could be an innovative way of simplifying payments online.
Some people love the convenience of being able to pay for items in their online cart with their card details, while others may prefer using PayPal. Zalando offers both payment methods, so customers can choose what is most comfortable for them.
Klarna is one of the most popular ‘buy now, pay later’ services available today. They offer customers a wide variety of items to choose from, including clothes, appliances and electronics. Customers can either purchase the item outright or enter their payment card details to have a few days worth of charges applied after receipt of the item. This allows customers to spread out their payments over several installments if they so choose.
This is the best way to avoid any problems with returns. It’s also important to be sure that you’re getting the right size before you sell clothes, as items may look different when they’re actually in person. Blocking payments can help make things a lot easier for both you and your customers.
There are several reasons why Zalando is a popular destination for buying clothing. For one, the company offers an in-house payment solution that makes shopping more convenient. Additionally, Zalando offers unique T-shirts that may not be available elsewhere. If you’re looking for a stylish and unique shirt, Zalando is an excellent option.
Making ‘try-before-you-buy’ mainstream
Elyn is a new, innovative payment platform that aims to change the way small retailers and brands pay for goods and services. By allowing customers to try before they buy, Elyn is providing them with a better experience than traditional payment systems. This is particularly important in markets like France where credit cards are not as prevalent as they are in the United States. The product currently works with Shopify stores, but other ecommerce platforms will be coming soon.
Elyn offers a try-before-you-buy service to its customers, so they can make sure that the products that they are buying are the correct ones for their needs. This is especially important for customers who are unsure of what they need or want in a product. Additionally, Elyn handles all returns so that the customer has nothing to worry about.
Elyn hopes that their try-before-you-buy service will help shoppers get a better idea of the products they are purchasing, as well as help retailers avoid returning unwanted items. In addition to this, Elyn provides a return interface for retailers so that exchanges can easily take place.
I wanted to return my item because it was the wrong size. I ordered a medium, but the item came in a small. I want my money back.
Elyn wishes to ensure that you are satisfied with your online purchase and offers a gift card in addition to cash reimbursement as an option should you prefer. The added value of the gift card ensures that retailers will not have to deductions from their cash balance, keeping them more afloat in tough economic times.
For someone who loves shopping, it can be frustrating when they cannot find the size they’re looking for. Elyncan use the retailer’s inventory to set an item aside that is a different size so that the customer does not have to go through all of that hassle again. This makes shopping much easier for them and allows them to buy what they are looking for without any additional hassles.
If you don’t want to keep the package, you can always return it within five days for a refund. The startup will email you when your package arrives and include a link to the return portal.
Elyn utilizes a system where customers are required to submit their payment information in order to avoid any payment defaults. In order to verify the validity of their cards, the startup charges transaction fees based on successful sales net of returns.
The different payment options and services offered by BNPL make it possible for customers to find the perfect payment solution for their needs. Whether someone just wants to use their card details, want to pay with PayPal, or prefer other payment options like Apple Pay, BNPL has something available that will meet everyone’s needs. This variety makes it easy for customers to find the right solution for them, no matter what their current situation may be.
Elyn believes that by adding another payment option to the checkout flow like a slightly delayed payment, they can improve the conversion rate and ultimately gross merchandise volume. This can be seen as an incremental change by consumers and online retailers, but could inspire them to use Elyn’s payment service in the future.
The investment by Motier Venture, Financière Saint James, Marc Menasé (Founders Future) and Guillaume Princen signals the increasing confidence of the Galeries Lafayette owners in their startup. With a combined experience of more than 100 years in the luxury goods industry, these investors bring a wealth of knowledge and expertise to bear on behalf of the company. Their support will be instrumental in helping Sustain develop its products and grow its business ambitions
