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.