Important News for Wildberries Users

Wildberries and Russ have launched consumer financing through a mobile app for purchasing products, making this option available to all buyers in the market, the press service of the merged company reported to TASS.

Wildberries and Russ have introduced a customer financing service in their mobile application in collaboration with partner banks. Now, users can choose a "credit" payment method when making purchases over 30,000 rubles, depending on the product category.

Previously, Wildberries tested the credit option when ordering through the website. According to the press service, this feature is now available to all Russian customers in the mobile app.

To use the new option, users need to update the mobile app. After sending a loan request during the purchase, the decision regarding the application from partner banks is made within a few minutes. The buyer can then select an offer from the partner bank, choosing the term, monthly payment amount, and interest rate, and complete the purchase.

The credit agreement with the bank only takes effect after the buyer picks up the purchase from the release point or the courier. Interest calculations also begin only from this moment.

“In particular, the service will allow buyers to better manage their budget for sellers, and this tool will help increase sales in higher average check categories where buyers cannot always afford to pay for a product at once. At the same time, sellers receive the full value of the product immediately,” stated the merged company.