The new payment offering allows customers to reserve cruise experiences by spreading the overall cost of their trip over monthly payments and, for a limited time, Margaritaville at Sea will also be offering interest-free payments via its partnership with Uplift. Additionally, Uplift’s pay over time option will allow customers to easily upgrade to a larger cabin class or add on-board amenities or shore trips
The current global economic turmoil fuelled by spikes in inflation rates, a stagnation in salary costs, and a post-pandemic world full of financial uncertainties has forced hundreds of millions of people across the globe to reassess their monthly budgets and spend less. At the same time, as borders started to reopen, tourists were eager to resume their travels only to find out that planning the same trip as pre-COVID will now cost them up to 25-30% more in booking.
The Buy Now, Pay Later payment option came at the right time for millions of tourists who could no longer afford a trip as it allows them to spread the cost of their travels in monthly payments, with zero interest rates and other benefits.
US-based Uplift is one of the most popular BNPL providers globally and has partnered with over 300 of the world’s most prominent airlines, cruise lines, resorts, and major travel providers to help customers experience their dream vacations without worrying on paying thousands of dollars upfront.
Margaritaville at Sea’s flagship boat, the Margaritaville at Sea Paradise, is a five-star island on wheels that offers micro vacations sailing from Florida to Grand Bahama Island. While onboard, guests can benefit from pools, retail stores, restaurants, and a fitness centre, among other services and amenities.
By partnering with Uplift, Margaritaville at Sea can now offer the same luxury packages to a wider pool audience, while loyal travellers can enjoy a carefree vacation and flexibility during the booking experience. Its monthly instalment payments plan combined with interest-free payment options will help customers spread the budget of their trip over months, without the need of paying a large amount of money upfront or having to choose between uprising cost of living monthly expenses and saving for their dream vacation.
At the same time, with Uplift, there are no late fees or prepayment penalties. Customers see the total cost of their purchase upfront, including the monthly payment plan, and select from a variety of monthly instalment term lengths, based on their needs and budgets. Ultimately, the BNPL solution provider aims to help clients make smarter financial and budgeting decisions, without giving up on their plans.
However, clients must be aware that terms and conditions apply, and eligibility depends on various criteria. Down payments may be required and actual terms are based on the client’s credit score. Moreover, APRs range from 0% to 36%.
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