Inspiration
So many times I have come across some individuals or let me say business men and women, who has plans of getting products online but due to an increments of the products online they could not get has enough has they plan on getting. So they tends to get few of what they want due to the fact that the amount of money they have budgeted wasn't enough to get them what they want.
So I think of better ways to make sure that these people get what they wants by creating an e-commerce site known has easybuy.
When a customer comes online to purchase some goods online, they should have the opportunity to buy and payback later. Meanwhile before they could do that, first thing is that they must have an account details such has National Identification Number, Credit Card Number, Phone number, full name, home address and a passport photograph with particular bank that the e-commerce site might be partnering with. You can't get the product if you don't have an account with this bank. EasyBuy is a product financing service. The web app provides loans for users to buy products. Users first have to make 15% down to get a three-month or a six-month or twelve-month loan. Interest rates are between 2% and 6% per month counting from the second month depending on the duration of the loan.
What it does
It’s a flexible payment system that’s designed to encourage consumers to buy items they want especially when they don’t have enough money to cover the full cost at that point in time.
Buy-now-pay-later is designed to encourage consumerism; and for ecommerce, it could spur customers to actually complete orders rather than abandon their carts and not checkout.
How I built it
Its was built with Asp.Net core and C# , SQL Server for database
Challenges we ran into
Well, the web app its not 99.9% complete, still have some few bugs to fix.
Accomplishments that we're proud of
For now, customer would able to come online to purchase any items on loan which is the main reason for building these project. Now wholesalers and retailers can come online with any amount they have and purchase has much has they want so that their business can move on and grow to a better level, as long as they are able to drop at least 15% of what so ever they are getting, with a flexible payment in return for couple of months be it within 3months, 6months, 12months with at least zero interest rate.
Things yet to do on the App
- Banks still need to collaborate with the web app so that customer using the bank account could buy online using their account.
- Customers need to be authenticated with their account number
- Customers need to receive a notifications that their account has been link with EasyBuy app and confirm it with a secret token been sent to them.
- After checking out from your cart the items picked will still be there, why? because your account/loan has to be approved before the final checkout and this might take like 24-48 hours to be approved.
What's next for EasyBuy App
For now, looking forward to have a mobile version of this app and also find a way to integrate it on any bank mobile app that might be interested in the idea. Because in doing so, these will make it more easier for customer to check into the e-commerce site through the mobile bank app and make an EasyBuy loan as long as customer has an account with EasyBuy app which would have been linked with their bank account for authentication.
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