Installment payment software facilitates a business’ ability to offer its customers the option to purchase an item over time through a set number of regular payments. Businesses can either implement the software themselves or utilize a SaaS tool to provide installment payment capabilities. In those instances, the service will pay a business the full price of the item up front and then remit the installment payments from the customer.
Because of the flexibility associated with installment payments, these solutions enable a business to potentially attract new customers and sell more high-priced items within their e-commerce store. Businesses can embed these solutions into their online store or integrate them with their invoicing software to offer flexible payment options. These tools are similar to payment gateway software because they can securely carry out payment transactions and process credit cards online and integrate with e-commerce tools.
To qualify for inclusion in the Installment Payment category, a product must:
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Sezzle is the highest consumer rated buy now, pay later solution on the market. Add Sezzle as a payment option to your store so your customers make their purchase today with 4 payments over the following 6 weeks, interest free! Sezzle also offers customers the option to reschedule their payment for free, and the max fee for late payment is $10. Sezzle is the financially responsible solution to buy now, pay later. What's in it for merchants? Increased conversions, AOV, and shopper frequency. It's a win, win, WIN.