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Lorex Technology adds new PayBright payment option to help Canadians buy now, pay later

·3 min read
  • The Canadian smart home monitoring brand has partnered with PayBright to offer Canadians flexible buy now, pay later plans.

  • Canadian shoppers on lorex.com can now buy the latest in smart home cameras, recorders, systems and accessories, and pay later in equal monthly or biweekly installments.

  • Lorex, a proudly Canadian company, joins a growing Shop Directory of 7,000+ Canadian businesses offering PayBright's flexible payment plans at checkout.

TORONTO, Nov. 3, 2020 /CNW/ - PayBright, Canada's leading provider of installment payment plans, today announced its partnership with Lorex. With this move, Canadians investing in secure and smart home and business monitoring systems on lorex.com, now have the option to pay over time in easy biweekly or monthly installments, with select plans starting at 0%.

PayBright | Lorex (CNW Group/PayBright)
PayBright | Lorex (CNW Group/PayBright)

According to a recent report by Global News, buy now, pay later (BNPL) services are growing in popularity in 2020 as Canadians make more use of them to pay for purchases both large and small. To meet this increased consumer demand and expectation for installment payment options, Lorex is committed to offering customers the flexibility to pay for secure, high-quality, accessible smart monitoring solutions at a pace that works with their budget.

"When it comes to smart home and business monitoring, we know the importance of providing our customers with options to help them to find a solution that best suits their needs," says Steve Hong, Vice President of E-Commerce at Lorex. "With this principle in mind, partnering with PayBright was an easy decision. Providing our customers with payment options enables us to offer our customers even more flexibility and makes our products accessible to more Canadian consumers."

Lorex joins a growing list of Canadian electronics retailers offering PayBright's popular buy now, pay later option at checkout. To date, more than 7,000 domestic and international merchants offer PayBright's Pay in 4 or Monthly plans to consumers shopping in the electronics, home goods, fashion, and sporting goods industries.

"Making Lorex's smart home monitoring products more accessible with our flexible payment plans is what PayBright is all about," said Wayne Pommen, President and CEO, PayBright. "PayBright is proud to partner with Lorex to ensure more Canadians can pay over time for the cutting-edge security technologies they need right now. We welcome Lorex to our growing Shop Directory of retailers who already see the benefits of offering PayBright to consumers."

PayBright was the first integrated installment payment solution for e-commerce, in-app, and in-store sales in Canada, providing a unified omnichannel experience. Unlike other installment payment options, PayBright does not require consumers to sign up for a credit card and does not charge hidden fees, retroactive interest, or revolving interest charges. Consumers can learn more here.

About Paybright

PayBright is Canada's leading provider of installment payment plans for e-commerce and in-store purchases. Through partnerships with over 7,000 domestic and international retailers, PayBright allows Canadian consumers to buy now and pay later in a quick and easy experience. PayBright is fully integrated with leading retail partners including Lenovo, The Source, Samsung, Wayfair, and Endy. PayBright's installment plans range from 4 bi-weekly payments for smaller purchases up to 60 months for larger purchases, with interest rates as low as 0%. Headquartered in Toronto, PayBright has provided Canadians with over $2 billion in spending power since inception. For more information, visit www.paybright.com.

About Lorex

For nearly 30 years, Lorex has been a leader and one of the most trusted names in the home and business security marketplace. Since its beginning, Lorex continues to utilize the latest technological innovations to produce industry-leading security products. With a focus on intuitive monitoring solutions, Lorex offers their customers a heightened sense of security and peace of mind year after year.

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Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/lorex-technology-adds-new-paybright-payment-option-to-help-canadians-buy-now-pay-later-301165290.html

SOURCE PayBright

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Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2020/03/c3844.html