Accepting BLIK Pay Later as a merchant

You take BLIK Pay Later through a PSP that carries it. PKO Bank Polski states that the service is offered by the largest settlement agents, and in the index Autopay, dpay (Payments Lab), Nexi and PayPal offer it. Shoppers pay in złoty only, and only shoppers in Poland can use it.

On the Shoper platform it is an option on the BLIK channel of the Przelewy24 gateway: a merchant that already accepts BLIK switches on one setting. The method is an extension of one the merchant already has, and at least one provider prices it separately.

BLIK Pay Later is a Polish product. BLIK lists it as available to customers of PKO BP, Bank Millennium, Spółdzielcza Grupa Bankowa and VeloBank. PPRO lists Poland as the only consumer country and the złoty as the only currency, and PayPal states that it is not available outside Poland.

BLIK describes the method for online shops: the shopper chooses BLIK Pay Later in the checkout and enters the code. PKO Bank Polski adds that it applies only to products and services offered with deferred payment.

A shopper who would have paid with BLIK and chooses BLIK Pay Later instead uses the same code and the same banking app. For you the order is the same; only the rate changes. dpay prints both: 0.89% for BLIK and 0.99% for BLIK Pay Later, a step of 0.10 percentage point. Every million euro that moves from BLIK to its deferred version costs 1,000 euro a year more.

At a provider that prices BLIK Pay Later among its buy now, pay later methods, the step runs from your BLIK rate to 5.49% plus a fixed fee. On the same million euro at an average order of 50 euro, 5.49% plus 0.35 euro comes to 61,900 euro a year before the BLIK rate is deducted. Have every provider quote BLIK and BLIK Pay Later side by side, because the step is the price of the method, not the rate on its own.

BLIK states a minimum purchase of 30 złoty and a limit of at most 4,000 złoty, set per shopper. PPRO documents the same range, with the maximum varying by consumer. Orders below 30 złoty cannot use the method and large baskets often exceed the individual limit, so the share BLIK Pay Later can take of your Polish turnover follows your distribution of order values.

PayPal and PPRO document full, partial and multiple refunds within 13 months of the original capture. The refund runs back through your provider, while the shopper's open balance sits with the lender. Agree with your provider how a refund after the 30-day repayment date is settled.

What you pay for BLIK Pay Later is set in your agreement with your PSP, not by a scheme. Start by establishing whether you are overpaying your PSP, and if BLIK carries a material share of your Polish volume, have the deferred version priced as a step on BLIK before it is switched on.

Relevant markets: Poland