# Best Installment Payment and Buy Now Pay Later (BNPL) Software *By [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)* Installment payment and buy now pay later (BNPL) software facilitates a business’ ability to offer customers the option to purchase products and services over time through a set number of regular payments. Businesses embed these solutions into their online store or integrate them with their invoicing software to offer flexible payment options. 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. This type of software can also benefit marketplace providers such as Etsy or eBay, which use BNPL to allow their sellers to receive installment payments. These tools need to integrate with [e-commerce platforms](https://www.g2.com/categories/e-commerce-platforms) to provide options for installment payment at checkout and with [payment gateways](https://www.g2.com/categories/payment-gateways) to process payments. Furthermore, all payment data needs to be transferred to financial systems, which requires integration with [accounting software](https://www.g2.com/categories/accounting). To qualify for inclusion in the Installment Payment and Buy Now Pay Later (BNPL) category, a product must: - Provide the option to pay for purchases by choosing from multiple installment plans - Manage the amount, timeframe, and number of installments available - Define multiple installment plans that can be assigned to different products and services - Apply appropriate interest and fees if the installments are late or unpaid - Send personalized payment notifications to both customers and businesses - Integrate with e-commerce platforms, payment gateways, or invoicing software - Analyze the impact of buy now pay later options on customer satisfaction - Comply with security and privacy compliance regulations such as PCI DSS ## Category Overview **Total Products under this Category:** 64 ## Trust & Credibility Stats **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 3,900+ Authentic Reviews - 64+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Best Installment Payment and Buy Now Pay Later (BNPL) Software At A Glance - **Leader:** [PayPal Payments](https://www.g2.com/products/paypal/reviews) - **Highest Performer:** [GoCardless](https://www.g2.com/products/gocardless/reviews) - **Easiest to Use:** [Sunbit](https://www.g2.com/products/sunbit/reviews) - **Top Trending:** [TABBY](https://www.g2.com/products/tabby-tabby/reviews) - **Best Free Software:** [Capchase](https://www.g2.com/products/capchase/reviews) --- **Sponsored** ### Nickel Nickel (nickel.com) is an AR/AP platform that helps businesses send and receive payments quickly and with the lowest possible fees. Nickel is the only truly transparent payment processor, with no monthly fees, no penalties for chargebacks, and no hidden costs. The only payments processor built for industry, Nickel is capable of processing large transactions (up to $1mn) without a hitch. ACH transactions are always free, and card processing rates are competitive. Nickel automatically syncs with your QuickBooks, mails checks on your behalf, can generate unique payment links tied to invoices, and so much more. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1578&secure%5Bdisplayable_resource_id%5D=1975&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=neighbor_category&secure%5Bplacement_resource_ids%5D%5B%5D=1975&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=1370291&secure%5Bresource_id%5D=1578&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Finstallment-payment-and-buy-now-pay-later-bnpl&secure%5Btoken%5D=53c3145e1e642488e7e15039620bb22133bf7a44e1ced227a4a9626114237b12&secure%5Burl%5D=https%3A%2F%2Fwww.getnickel.com%2Fproducts%2Ffree-ach-payments&secure%5Burl_type%5D=free_trial&secure%5Bvisitor_segment%5D=180) --- ## Top-Rated Products (Ranked by G2 Score) ### 1. [PayPal Payments](https://www.g2.com/products/paypal/reviews) PayPal Payments is a comprehensive payment processing solution designed to empower businesses of all sizes to accept payments seamlessly from customers worldwide. By integrating PayPal Payments, merchants can offer a variety of payment options, enhancing the checkout experience and potentially increasing conversion rates. Key Features and Functionality: - Global Payment Acceptance: Supports transactions in over 200 markets and 140 currencies, enabling businesses to cater to a diverse customer base. - Multiple Payment Methods: Allows customers to pay using credit and debit cards, PayPal balances, and other local payment methods, providing flexibility and convenience. - Seamless Integration: Compatible with major eCommerce platforms, facilitating easy integration into existing online stores. - Advanced Security Measures: Incorporates robust fraud protection tools and compliance features to safeguard both merchants and customers. - Financial Services: Offers access to business loans and working capital, assisting merchants in managing and expanding their operations. Primary Value and Solutions Provided: PayPal Payments addresses the critical need for businesses to offer secure, efficient, and versatile payment options to their customers. By leveraging PayPal's extensive network and trusted reputation, merchants can enhance customer trust, streamline payment processes, and expand their reach to international markets. The platform's comprehensive suite of tools not only facilitates payment acceptance but also supports business growth through financial services and operational insights. **Average Rating:** 4.4/5.0 **Total Reviews:** 2,663 **User Satisfaction Scores:** - **Quality of Support:** 8.3/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.9/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.6/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.0/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [PayPal](https://www.g2.com/sellers/paypal) - **Company Website:** https://www.paypal.com/ - **Year Founded:** 1998 - **HQ Location:** San Jose, CA - **Twitter:** @PayPal (1,109,635 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/1482/ (36,575 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** Owner, Manager - **Top Industries:** Information Technology and Services, Computer Software - **Company Size:** 62% Small-Business, 23% Mid-Market #### Pros & Cons **Pros:** - Ease of Use (474 reviews) - Easy Payments (326 reviews) - Convenience (237 reviews) - Security (237 reviews) - Speed (226 reviews) **Cons:** - High Fees (234 reviews) - Expensive (196 reviews) - Poor Customer Support (109 reviews) - Excessive Fees (106 reviews) - High Transaction Fees (102 reviews) ### 2. [Sunbit](https://www.g2.com/products/sunbit/reviews) Sunbit is the AI-powered finance partner that turns hesitation into sales. Traditional financing slows things down and drives customers away. Sunbit’s people-centered AI approves the majority of applicants in seconds, helping more people say “yes” when it matters most. From checkout to final payment, Sunbit delivers a smooth, transparent experience. Acting as an extension of your business, it builds trust, earns loyalty, and keeps customers coming back. Our Products Buy Now, Pay Later — Flexible pay-over-time options for auto service, dentistry, healthcare, and other in-person services. Also available as an Embedded Finance solution for SaaS platforms serving service providers. Next-Gen Co-Brand Credit Card — A fee-free credit card offered in partnership with leading retailers, designed to drive loyalty and repeat business. **Average Rating:** 4.9/5.0 **Total Reviews:** 137 **User Satisfaction Scores:** - **Quality of Support:** 9.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.7/10 (Category avg: 8.8/10) - **Loyalty Management:** 9.7/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.5/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Sunbit](https://www.g2.com/sellers/sunbit) - **Company Website:** https://sunbit.com/ - **Year Founded:** 2016 - **HQ Location:** Los Angeles, California - **Twitter:** @sunbit_fintech (473 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/sunbit/ (507 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** Office Manager, Treatment Coordinator - **Top Industries:** Medical Practice, Hospital & Health Care - **Company Size:** 51% Small-Business, 24% Mid-Market #### Pros & Cons **Pros:** - Ease of Use (61 reviews) - Approval Process (29 reviews) - Convenience (27 reviews) - Flexible Payments (26 reviews) - Easy Setup (25 reviews) **Cons:** - Lack of Clarity (17 reviews) - Payment Issues (11 reviews) - High Fees (7 reviews) - Limited Acceptance (7 reviews) - UX Improvement (7 reviews) ### 3. [Affirm](https://www.g2.com/products/affirm/reviews) Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network – one based on trust, transparency and putting people first – we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. **Average Rating:** 4.3/5.0 **Total Reviews:** 46 **User Satisfaction Scores:** - **Quality of Support:** 7.6/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.1/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.3/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.3/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Affirm](https://www.g2.com/sellers/affirm) - **Year Founded:** 2012 - **HQ Location:** San Francisco, US - **Twitter:** @Affirm (19,802 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/affirm/ (3,027 employees on LinkedIn®) - **Ownership:** NASDAQ: AFFIRM **Reviewer Demographics:** - **Top Industries:** Retail, Health, Wellness and Fitness - **Company Size:** 77% Small-Business, 13% Mid-Market #### Pros & Cons **Pros:** - Affordable (2 reviews) - Ease of Use (2 reviews) - Flexible Payments (2 reviews) - Convenience (1 reviews) - Easy Setup (1 reviews) **Cons:** - Credit Score (1 reviews) - High Fees (1 reviews) - Lack of Clarity (1 reviews) - Late Fees (1 reviews) - Limited Acceptance (1 reviews) ### 4. [Zip for Business](https://www.g2.com/products/zip-for-business/reviews) Zip (previously Quadpay) is a leading Buy Now, Pay Later company providing fair and seamless solutions that simplify how people pay. With a growing presence across the globe, our mission is to be the first payment choice, everywhere and every day. We exist to create a world where people can live fearlessly today, knowing they’re in control of tomorrow. Focused on product innovation that puts people at the center, we put the financial well-being of our customers and merchants at the heart of everything that we do. With Zip, customers can shop anywhere and pay later, while merchants get paid upfront. Our platform empowers businesses to offer flexible payment solutions to customers online and in store without the risk. Our user-friendly solution is easily integrated without APIs. Once live, merchants can introduce their brand to millions of new consumers who already love Zip, acquiring new customers and boosting sales instantly. We are Zip, and we’re only just getting started. **Average Rating:** 4.4/5.0 **Total Reviews:** 22 **User Satisfaction Scores:** - **Quality of Support:** 9.3/10 (Category avg: 8.4/10) - **Payment Scheduling:** 10.0/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.1/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.8/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Zip Co Limited](https://www.g2.com/sellers/zip-co-limited) - **Year Founded:** 2013 - **HQ Location:** Sydney, NSW - **LinkedIn® Page:** https://www.linkedin.com/company/zip-co-limited/ (999 employees on LinkedIn®) - **Ownership:** ASX: Z1P - **Total Revenue (USD mm):** $122 **Reviewer Demographics:** - **Top Industries:** Apparel & Fashion - **Company Size:** 73% Small-Business, 18% Mid-Market ### 5. [Sezzle](https://www.g2.com/products/sezzle/reviews) Based in Minneapolis, Minnesota, Sezzle is a public-benefit corporation on a mission to financially empower the next generation. Sezzle’s #1-shopper-rated Buy Now, Pay Later product enables millions of shoppers across the United States and Canada to take control of their spending, be more responsible, and gain access to financial freedom. Serving more than 40,000 online merchants and over 3MM shoppers, Sezzle allows shoppers to make their purchase today with 4 payments over the following 6 weeks, interest-free! Sezzle also offers customers the option to reschedule their payment once 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. The best part? Sezzle takes on all the risk of fraud, chargebacks, and repayment. It's a win, win, WIN. **Average Rating:** 4.6/5.0 **Total Reviews:** 119 **User Satisfaction Scores:** - **Quality of Support:** 9.2/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.4/10 (Category avg: 8.8/10) - **Loyalty Management:** 9.0/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.3/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Sezzle](https://www.g2.com/sellers/sezzle) - **Year Founded:** 2016 - **HQ Location:** Minneapolis, Minnesota - **Twitter:** @sezzleinc (20,320 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/7581873/ (422 employees on LinkedIn®) - **Total Revenue (USD mm):** $2,500 **Reviewer Demographics:** - **Who Uses This:** Owner, CEO - **Top Industries:** Retail, Apparel & Fashion - **Company Size:** 94% Small-Business, 6% Mid-Market #### Pros & Cons **Pros:** - Ease of Use (1 reviews) - Easy Integrations (1 reviews) - Integrations (1 reviews) - Pay Later (1 reviews) **Cons:** - High Fees (1 reviews) ### 6. [Afterpay](https://www.g2.com/products/afterpay/reviews) Afterpay pioneered a better way to pay. Customers shop now, pay over 6 weeks, and never pay interest. Merchants who partner with Afterpay reach the largest, most loyal shoppers in the world. More than 19M active customers have shopped with Afterpay globally and it is consistently rated in the Top 10 of shopping apps. Merchants benefit from partnering with Afterpay and offering customers a better way to pay. On average, Afterpay sends more than 1M global referrals to its merchant partners every day. Afterpay increases average order value, drives incremental sales, and keeps customers coming back. Here’s how Afterpay works for your customers: 1. Your customers shop your site or get the Afterpay app. 2. Customers see their payment schedule and choose Afterpay as their payment method at checkout. 3. They’ll make the first of 4 payments now. And pay the rest over 6 weeks. And, here’s how it works for you: - Get paid upfront. You’ll get paid within days for purchases made with Afterpay. - Minimize your risk. We take on risks, including chargebacks and fraud. So you can focus on growing your business. - Receive daily settlement reports. Get access to transactional information that you can use to reconcile and verify orders. **Average Rating:** 4.1/5.0 **Total Reviews:** 40 **User Satisfaction Scores:** - **Quality of Support:** 8.1/10 (Category avg: 8.4/10) - **Payment Scheduling:** 7.9/10 (Category avg: 8.8/10) - **Loyalty Management:** 6.9/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.0/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Afterpay](https://www.g2.com/sellers/afterpay) - **Year Founded:** 2010 - **HQ Location:** Melbourne, VIC - **Twitter:** @AfterpayUSA (30,143 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/6579038/ (547 employees on LinkedIn®) - **Ownership:** ASX: APT **Reviewer Demographics:** - **Top Industries:** Apparel & Fashion - **Company Size:** 78% Small-Business, 8% Mid-Market #### Pros & Cons **Pros:** - Convenience (2 reviews) - Acceptance (1 reviews) - Approval Process (1 reviews) - Ease of Use (1 reviews) - Easy Setup (1 reviews) **Cons:** - High Fees (1 reviews) - Late Fees (1 reviews) - Limited Acceptance (1 reviews) - Limited Availability (1 reviews) - Slow Performance (1 reviews) ### 7. [GoCardless](https://www.g2.com/products/gocardless/reviews) GoCardless is on a mission to become the world’s bank payment network. Setting people and businesses free from the frustrations and cost of out-dated payment methods, with simple and secure direct bank payment solutions. Collect instant, one-off payments. Or automated recurring payments. And use our add-ons to automatically recover failed payments (recovering 70%, on average), and fight fraud without compromising your customer’s payment experience. With GoCardless you save time and money, win and retain more customers, get paid on time, and reduce stress. 75,000+ businesses around the world trust us to power their payments, including global names like DocuSign, Carrefour, Norwegian Refugee Council, Trip Advisor, Aon, Survey Monkey, and UNHCR. We enable them to collect payments from 30+ countries, processing over $30 billion each year. And our products are flexible to how you want to use them – whether you want to use them on their own with our easy-to-use online dashboard, connect with one of 350+ systems you might already use to run your business, or build your own custom integration with our API. We’ve been on this mission since 2011, and now have an incredible team of 700+ payments experts across the UK, US, France, and Australia. In fact, you might’ve heard of us before – we’ve been covered by the BBC, Financial Times, TechCrunch, Wall Street Journal, Les Echos, Börsen Zeitung, Australian Financial Review, and hundreds more. Want to learn more? Head over to gocardless.com **Average Rating:** 4.6/5.0 **Total Reviews:** 311 **User Satisfaction Scores:** - **Quality of Support:** 8.5/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.6/10 (Category avg: 8.8/10) **Seller Details:** - **Seller:** [GoCardless](https://www.g2.com/sellers/gocardless) - **Year Founded:** 2011 - **HQ Location:** London - **Twitter:** @GoCardless (13,225 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/2808012/ (831 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** Director, Owner - **Top Industries:** Accounting, Marketing and Advertising - **Company Size:** 92% Small-Business, 7% Mid-Market #### Pros & Cons **Pros:** - Convenience (8 reviews) - Ease of Use (8 reviews) - Automation (6 reviews) - Efficiency (5 reviews) - Integrations (5 reviews) **Cons:** - Payment Issues (7 reviews) - Slow Payments (5 reviews) - High Fees (4 reviews) - Billing Issues (3 reviews) - Expensive (3 reviews) ### 8. [Klarna](https://www.g2.com/products/klarna/reviews) Klarna is a global fintech company that offers innovative payment and marketing solutions designed to enhance the shopping experience for consumers and drive growth for businesses. By providing flexible payment options and performance-driven marketing tools, Klarna helps merchants attract, convert, and retain customers more effectively. Key Features and Functionality: - Flexible Payment Options: Klarna offers a variety of payment methods, including: - Pay in Full: Immediate payment at the time of purchase. - Pay in 30 Days: Allows customers to receive products and pay up to 30 days later without interest or late fees when paid on time. - Pay in 3 or 4 Installments: Enables shoppers to split purchases into smaller, interest-free payments. - Financing: Provides longer-term payment plans for larger purchases, offering manageable monthly payments. - Marketing Solutions: Klarna's full-funnel marketing suite allows businesses to run targeted campaigns across various channels, including search, programmatic ads, affiliate placements, cashback offers, and personalized in-app content, reaching over 24 million active shoppers. - Seamless Integration: Klarna integrates with major e-commerce platforms such as Shopify, Magento, WooCommerce, and BigCommerce, as well as payment partners like Stripe and Adyen, facilitating easy adoption for merchants. Primary Value and Solutions for Users: For consumers, Klarna provides a flexible and convenient shopping experience by offering multiple payment options that cater to different financial needs, thereby enhancing purchasing power and satisfaction. For merchants, Klarna drives business growth by increasing average order values, improving conversion rates, and fostering customer loyalty through its comprehensive payment and marketing solutions. **Average Rating:** 3.2/5.0 **Total Reviews:** 55 **User Satisfaction Scores:** - **Quality of Support:** 6.4/10 (Category avg: 8.4/10) - **Payment Scheduling:** 7.5/10 (Category avg: 8.8/10) - **Loyalty Management:** 5.5/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.0/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Klarna](https://www.g2.com/sellers/klarna) - **Year Founded:** 2005 - **HQ Location:** Stockholm, SE - **Twitter:** @klarna (63,985 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/748731/ (4,616 employees on LinkedIn®) **Reviewer Demographics:** - **Top Industries:** Retail, Apparel & Fashion - **Company Size:** 77% Small-Business, 11% Mid-Market #### Pros & Cons **Pros:** - Flexible Payments (3 reviews) - Ease of Use (2 reviews) - Convenience (1 reviews) - No Fees (1 reviews) - Pay Later (1 reviews) **Cons:** - Complex Setup (1 reviews) - Fraudulent Activities (1 reviews) - Limited Acceptance (1 reviews) - Limited Availability (1 reviews) - Payment Issues (1 reviews) ### 9. [Wisetack](https://www.g2.com/products/wisetack/reviews) Wisetack is the leading Pay Over Time platform for in-person services. Wisetack partners with top SaaS service companies to embed payment options directly into their software through a simple API integration. Service businesses rely on Wisetack to offer their customers flexible, point of sale financing, enabling them to quickly and easily pay over time for essential services. Quick decisions, clear terms, and no tricks. What could be better? We're proud to be building a financing option that customers actually love. **Average Rating:** 4.6/5.0 **Total Reviews:** 24 **User Satisfaction Scores:** - **Quality of Support:** 8.9/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.6/10 (Category avg: 8.8/10) - **Loyalty Management:** 7.9/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.6/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Wisetack](https://www.g2.com/sellers/wisetack) - **Year Founded:** 2018 - **HQ Location:** San Francisco, CA - **Twitter:** @WisetackInc (197 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/wisetack (128 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** Owner - **Top Industries:** Construction - **Company Size:** 100% Small-Business #### Pros & Cons **Pros:** - Ease of Use (4 reviews) - Easy Integrations (2 reviews) - Convenience (1 reviews) - Easy Setup (1 reviews) - Versatility (1 reviews) ### 10. [Capchase](https://www.g2.com/products/capchase/reviews) Capchase Pay is a B2B payment and financing solution designed to improve the buying and selling of software and hardware by streamlining the payment process. This innovative platform allows customers to pay over time according to their preferences while enabling businesses to receive the total contract value (TCV) upfront for annual and multi-year agreements. By offloading the billing and collections process to Capchase, companies can focus on their core operations while increasing their cash flow. Targeted primarily at businesses engaged in software and hardware sales, Capchase Pay addresses the common challenges associated with payment processing and customer financing. It is particularly beneficial for companies looking to close more deals by offering flexible payment options that cater to their customers' financial needs. The solution is designed to simplify the buying experience, making it easier for customers to commit to larger purchases without the burden of immediate full payment. One of the standout features of Capchase Pay is its ability to provide immediate access to booked revenue. By receiving the total contract value upfront, businesses can improve their cash flow and reinvest in growth opportunities without delay. This feature is crucial for companies that rely on predictable revenue streams and need to maintain a healthy financial position. Additionally, the platform integrates seamlessly with existing systems such as CRM and accounting software, ensuring a smooth transition and minimal disruption to current workflows. Capchase Pay also offers a user-friendly setup process, allowing businesses to implement the solution in less than 24 hours without any obligations or minimum usage requirements. There are no one-time or integration fees, making it an accessible option for businesses of all sizes. Furthermore, the solution is available internationally across nine countries and currencies, expanding its reach and usability for global enterprises. By incorporating Capchase Pay into their payment processes, businesses can enhance customer satisfaction through flexible payment options while simultaneously improving their operational efficiency. The ability to streamline billing and collections not only saves time but also allows companies to focus on building relationships with their customers and driving sales growth. **Average Rating:** 4.5/5.0 **Total Reviews:** 42 **User Satisfaction Scores:** - **Quality of Support:** 9.5/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.8/10 (Category avg: 8.8/10) - **Loyalty Management:** 7.2/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.8/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Capchase](https://www.g2.com/sellers/capchase) - **Year Founded:** 2020 - **HQ Location:** New York, New York - **Twitter:** @Capchase (2,430 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/capchase/ (101 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** Account Executive - **Top Industries:** Computer Software, Hospital & Health Care - **Company Size:** 76% Mid-Market, 19% Small-Business #### Pros & Cons **Pros:** - Customer Support (22 reviews) - Ease of Use (13 reviews) - Flexible Payments (8 reviews) - User Interface (8 reviews) - Flexibility (7 reviews) **Cons:** - Payment Issues (7 reviews) - Lack of Clarity (5 reviews) - UX Improvement (5 reviews) - Approval Process (4 reviews) - Technical Issues (4 reviews) ### 11. [Tamara](https://www.g2.com/products/tamara/reviews) We’re changing how you shop Shopping should be all fun, no stress. With Tamara, you can split your payments – totally interest-free. **Average Rating:** 4.0/5.0 **Total Reviews:** 10 **User Satisfaction Scores:** - **Quality of Support:** 6.8/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.3/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.3/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.6/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Tamara](https://www.g2.com/sellers/tamara) - **Year Founded:** 2020 - **HQ Location:** Riyadh, SA - **Twitter:** @usetamaraen (4,417 Twitter followers) - **LinkedIn® Page:** http://www.linkedin.com/company/tamara (1,174 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 60% Small-Business, 20% Enterprise #### Pros & Cons **Pros:** - Acceptance (2 reviews) - Ease of Use (2 reviews) - Flexible Payments (1 reviews) - Pay Later (1 reviews) - Payment Efficiency (1 reviews) **Cons:** - Limited Acceptance (1 reviews) - Poor Customer Support (1 reviews) ### 12. [PayBright](https://www.g2.com/products/paybright/reviews) PayBright is Canada’s leading solution for instant financing of e-commerce purchases. With PayBright, e-commerce merchants using SAP Commerce can offer instant financing as a new integrated payment method for Canadian customers. **Average Rating:** 4.6/5.0 **Total Reviews:** 11 **User Satisfaction Scores:** - **Quality of Support:** 9.5/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.8/10 (Category avg: 8.8/10) - **Loyalty Management:** 9.2/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.9/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Affirm](https://www.g2.com/sellers/affirm) - **Year Founded:** 2012 - **HQ Location:** San Francisco, US - **Twitter:** @Affirm (19,802 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/affirm/ (3,027 employees on LinkedIn®) - **Ownership:** NASDAQ: AFFIRM **Reviewer Demographics:** - **Company Size:** 55% Small-Business, 27% Mid-Market ### 13. [Credit Key](https://www.g2.com/products/credit-key/reviews) Credit Key is the leading B2B payments company that simplifies and enhances the purchasing process through its proprietary digital platform. Hundreds of leading merchants leverage Credit Key to offer their business customers greater access to capital with fast, flexible payment options including Net Terms and Pay Over Time. Credit Key facilitates instant credit decisions to provide a streamlined buying experience whether it’s online, over the phone, or in-store. Credit Key is proven to boost revenue for merchants while enabling borrowers to better manage cash flow and grow their business. Learn more at www.creditkey.com. **Average Rating:** 4.7/5.0 **Total Reviews:** 34 **User Satisfaction Scores:** - **Quality of Support:** 8.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.2/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.6/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.1/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Credit Key](https://www.g2.com/sellers/credit-key) - **Year Founded:** 2015 - **HQ Location:** Los Angeles, CA - **Twitter:** @getcreditkey (97 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/1513364/ (58 employees on LinkedIn®) **Reviewer Demographics:** - **Top Industries:** Restaurants, Business Supplies and Equipment - **Company Size:** 56% Small-Business, 44% Mid-Market ### 14. [Magento 2 Partial Payment](https://www.g2.com/products/magento-2-partial-payment/reviews) Magento 2 Partial Payment by Meetanshi lets customers make a purchase with installment payments, layaway price plans, EMIs, etc. Do you want to implement a payment option which can be helpful in business competition and is also budget friendly for customers? The Magento 2 Partial Payment allows customers to pay in installments, down payments, EMIs or layaway price plans. With this optimized payment method, encourage the customers to purchase, maintaining their budget and stand out in the competition. Allow customers to make a purchase by paying a token amount and then pay the remaining amount with installment using the Partial Payment extension! Benefits of Magento 2 Partial Payment extension: Offer products with the partial payment, layaway plans or EMIs. Let customers pay down payment at the time of the order and remaining amount later in an installment. Option to define the partial payment availability to particular customer groups and payment methods. Select the scope of the Partial Payment: - All Products - Selected Products - Whole Cart Allow the partial payment facility for the specified minimum order amount for the whole cart scope. The Magento 2 partial shipment feature allow charging shipping cost and tax amount on the down payment or equally divide them into instalments. Disable guest checkout for partial payment. Option to set the credit limit for partial payment. The orders above the credit limit won’t be facilitated with partial payment facility. Display custom error message for overreaching the maximum partial payment credit limit. A customer can skip the partial payments and pay the entire amount at a time using the Pay All Installments checkbox in My Account section. The store owner can auto capture the instalment amount for the orders placed using PayPal and Authorize.net payment methods. Offers fixed instalment and flexy layaway plan for partial payments. Options for payment frequency for the instalments: - Based on Days - Weekly - Monthly - Quarterly Customized label for the down payment amount. Calculate the down payment amount in fixed amount or percent of product price. Set the down payment amount to charge on orders with partial payment. Customized label for pay later amount to display in the storefront. Option to charge payment fee for using the instalment as: - No Fee - On First Instalment - On All Instalments - Custom label for partial payment fee Set a surcharge amount to add to the installments, to be paid either in fixed or percentage. Set fee amount to charge on orders with partial payment Set a custom Partial Payment availability label to show in frontend. Enter and display the terms and conditions to use the Partial Payment facility in the payment calculation box shown on the product page. Enable email notifications on various partial payment actions and events. Manage partial payments and orders with backend grid. The admin can enable product specific Partial Payment. Set the number of installments, custom down payment and fee amount. Option to opt out of partial payment and pay full amount Facilitates the “Partial Payment Orders” from the “My Account” section The “View Orders” display information like: - Installment amount - Due Date - Paid date - Status of instalment payment - The payment method used Allow customers to pay selected or all instalments from the instalments section. Ability to approve or disapprove payments for offline methods The Revenue report in the backend shows the revenue generated from the partial payment. Filter and export data from the revenue report for a specific date range from the backend For more information, visit https://meetanshi.com/magento-2-partial-payment.html **Average Rating:** 4.8/5.0 **Total Reviews:** 12 **User Satisfaction Scores:** - **Quality of Support:** 9.2/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.4/10 (Category avg: 8.8/10) - **Loyalty Management:** 9.2/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.4/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Meetanshi](https://www.g2.com/sellers/meetanshi) - **Year Founded:** 2017 - **HQ Location:** Bhavnagar - **Twitter:** @MeetanshiInc (775 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/meetanshi/ (43 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 83% Small-Business, 17% Mid-Market ### 15. [Ratio](https://www.g2.com/products/ratio/reviews) Ratio combines a powerful proposal and billing platform with embedded buyer financing letting SaaS and tech businesses offer flexible payment terms, close deals faster, and unlock upfront cash without introducing risk or operational overhead. With Ratio Boost, sales teams create dynamic quotes in minutes, structure custom payment plans, and send branded proposals that include real-time financing options. This shortens sales cycles, increases deal conversion, and gives buyers the flexibility they expect—without involving your finance team in every deal. Once a deal is signed, Ratio advances funds to your business upfront and manages buyer collections over time. We assume credit risk, handle billing, and ensure predictable cash flow, enabling you to scale efficiently without raising capital or tightening terms. Unlike point solutions that focus only on quoting or lending, Ratio unifies the entire quote-to-cash motion—from pricing configuration to payment execution—within one cohesive workflow. Built for sales and finance leaders, Ratio helps teams: - Increase close rates by up to 35% - Grow average contract value by over 25% - Reduce quoting time by 90% - Eliminate reliance on rigid deal desk or manual approvals Ratio is trusted by leading B2B companies in software, services, and digital infrastructure to accelerate revenue and turn their contracts into capital. We don’t just help you sell: we help you scale. **Average Rating:** 4.6/5.0 **Total Reviews:** 26 **User Satisfaction Scores:** - **Quality of Support:** 6.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 10.0/10 (Category avg: 8.8/10) - **E-commerce Integration:** 10.0/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Ratio](https://www.g2.com/sellers/ratio) - **Company Website:** https://www.ratiotech.com - **Year Founded:** 2021 - **HQ Location:** San Mateo, US - **LinkedIn® Page:** https://www.linkedin.com/company/ratio-tech (43 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 38% Mid-Market, 35% Enterprise #### Pros & Cons **Pros:** - Ease of Use (7 reviews) - Easy Setup (6 reviews) - Payment Processing (6 reviews) - Customer Support (4 reviews) - Customer Satisfaction (3 reviews) **Cons:** - Slow Performance (4 reviews) - Strict Eligibility (2 reviews) - Approval Process (1 reviews) - Approval Process Issues (1 reviews) - Call Issues (1 reviews) ### 16. [ViaBill](https://www.g2.com/products/viabill/reviews) ViaBill is changing the way people shop online. We offer a payment solution that empowers shoppers to have the freedom of choice by allowing them to buy now and pay in easy monthly installment with 0% interest. ViaBill seamlessly integrates into your website's checkout flow and enables higher conversion, larger AOV, and revenue. We work with thousands of merchants across the world to create a better shopping experience and transform the overall customer journey. **Average Rating:** 4.2/5.0 **Total Reviews:** 17 **User Satisfaction Scores:** - **Quality of Support:** 7.6/10 (Category avg: 8.4/10) - **Payment Scheduling:** 10.0/10 (Category avg: 8.8/10) - **Loyalty Management:** 10.0/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.6/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [ViaBill](https://www.g2.com/sellers/viabill) - **Year Founded:** 2014 - **HQ Location:** Copenhagen, Capital Region - **Twitter:** @ViaBill (1 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/873481/ (62 employees on LinkedIn®) **Reviewer Demographics:** - **Who Uses This:** CEO - **Company Size:** 82% Small-Business, 12% Mid-Market ### 17. [TABBY](https://www.g2.com/products/tabby-tabby/reviews) tabby increases sales by letting shoppers shop now and pay after delivery or in instalments while you get paid in full, all upfront. **Average Rating:** 3.9/5.0 **Total Reviews:** 13 **User Satisfaction Scores:** - **Quality of Support:** 7.3/10 (Category avg: 8.4/10) - **Payment Scheduling:** 7.1/10 (Category avg: 8.8/10) - **Loyalty Management:** 6.8/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.0/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [tabby](https://www.g2.com/sellers/tabby) - **Year Founded:** 2019 - **HQ Location:** Riyadh, SA - **LinkedIn® Page:** https://www.linkedin.com/company/tabbypay/ (4,014 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 69% Small-Business, 31% Mid-Market #### Pros & Cons **Pros:** - Acceptance (1 reviews) - Credit Purchasing (1 reviews) **Cons:** - Account Access Issues (1 reviews) - Late Fees (1 reviews) ### 18. [Laybuy](https://www.g2.com/products/laybuy/reviews) Buy now, pay later provider. Laybuy let's your customers purchase & receive their order today whilst spreading the total cost over 6 weekly payments, interest free. **Average Rating:** 4.3/5.0 **Total Reviews:** 10 **User Satisfaction Scores:** - **Quality of Support:** 7.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.8/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.8/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.7/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Laybuy](https://www.g2.com/sellers/laybuy) - **Year Founded:** 2017 - **HQ Location:** Auckland, New Zealand - **Twitter:** @PaybyLaybuy (2,118 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/laybuy/ (13 employees on LinkedIn®) - **Ownership:** ASX: LBY **Reviewer Demographics:** - **Company Size:** 60% Small-Business, 20% Enterprise ### 19. [Vartana, a Capchase company](https://www.g2.com/products/vartana-a-capchase-company/reviews) Vartana, a Capchase company, is an AI-powered B2B enterprise sales and financing platform that enables vendors to close deals at lightning-fast speeds by offering automated credit approvals, flexible payment terms, and a smooth checkout experience. Vartana helps vendors easily configure deals directly from their CRMs like Salesforce, HubSpot, Microsoft Dynamics, and Zoho. Vartana's automation helps vendors seamlessly craft payment options that align with their customer’s needs and close fast. Founded in 2020 by Kush Kella and Ahmed Sharif, acquired by Capchase in 2025.  Learn more: https://www.capchase.com/blog/capchase-acquires-vartana **Average Rating:** 4.9/5.0 **Total Reviews:** 24 **User Satisfaction Scores:** - **Quality of Support:** 9.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.4/10 (Category avg: 8.8/10) - **Loyalty Management:** 9.0/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.3/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Capchase](https://www.g2.com/sellers/capchase) - **Year Founded:** 2020 - **HQ Location:** New York, New York - **Twitter:** @Capchase (2,430 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/capchase/ (101 employees on LinkedIn®) **Reviewer Demographics:** - **Top Industries:** Computer Software - **Company Size:** 79% Enterprise, 17% Mid-Market ### 20. [Four](https://www.g2.com/products/four/reviews) Four helps Retailers lower cart abandonment and lift AOV by offering a flexible split payment option at Checkout. Retailers get paid up-front and customers get to pay over time interest-free. **Average Rating:** 4.1/5.0 **Total Reviews:** 10 **User Satisfaction Scores:** - **Quality of Support:** 6.9/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.8/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.8/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.8/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Four Technologies](https://www.g2.com/sellers/four-technologies) - **Year Founded:** 2018 - **HQ Location:** Miami, US - **Twitter:** @PayWithFour (308 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/paywithfour/ (31 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 50% Mid-Market, 40% Small-Business #### Pros & Cons **Pros:** - Credit Payments (1 reviews) - Credit Purchasing (1 reviews) - Ease of Use (1 reviews) **Cons:** - Limited Availability (1 reviews) ### 21. [Postpay](https://www.g2.com/products/postpay/reviews) Postpay is a financial technology company that offers a "buy now, pay later" (BNPL service, enabling customers to make purchases immediately and spread the cost over time with interest-free installments. Founded in 2019 and headquartered in Dubai, Postpay partners with thousands of retailers across the UAE and Saudi Arabia, providing consumers with flexible and transparent payment options. The service seamlessly integrates with merchants' online and in-store platforms, allowing businesses to offer an alternative payment solution that can enhance conversion rates and average order values. Postpay is committed to delivering a user-friendly experience, ensuring that customers can manage their financial health while enjoying their desired products without hidden fees. Key Features and Functionality: - Interest-Free Installments: Customers can split their purchases into three equal payments without incurring any interest or fees. - Seamless Integration: Postpay integrates effortlessly with merchants' online stores and in-store systems, providing a smooth checkout experience. - Wide Merchant Network: The platform collaborates with a diverse range of retailers, offering consumers flexibility in shopping across various brands and sectors. - User-Friendly Process: The sign-up and checkout processes are straightforward, requiring minimal personal information to ensure quick transactions. - Risk Management: Postpay assumes full responsibility for payment risks on behalf of the merchant, mitigating concerns related to fraud and credit. - Compliance and Security: The service is Shariah-compliant and PCI DSS certified, ensuring secure handling of cardholder data. Primary Value and User Solutions: Postpay addresses the need for flexible and transparent payment solutions in the retail sector. For consumers, it offers a manageable financial arrangement, allowing them to acquire products immediately and pay over time without additional costs. This flexibility enhances the shopping experience and promotes responsible spending. For merchants, Postpay provides a tool to increase sales and customer loyalty by offering an appealing payment option that can lead to higher conversion rates and larger average order values. By eliminating the challenges associated with cash on delivery and assuming payment risks, Postpay supports businesses in streamlining operations and focusing on growth. **Average Rating:** 4.6/5.0 **Total Reviews:** 19 **User Satisfaction Scores:** - **Quality of Support:** 9.1/10 (Category avg: 8.4/10) - **Payment Scheduling:** 9.1/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.9/10 (Category avg: 8.3/10) - **E-commerce Integration:** 9.1/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Postpay](https://www.g2.com/sellers/postpay) - **Year Founded:** 2019 - **HQ Location:** Dubai, Dubai - **LinkedIn® Page:** https://www.linkedin.com/company/postpayofficial/ (17 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 58% Small-Business, 42% Mid-Market ### 22. [Simpl](https://www.g2.com/products/simpl/reviews) Simpl is a payment option designed to help users make multiple payments easily. **Average Rating:** 4.1/5.0 **Total Reviews:** 17 **User Satisfaction Scores:** - **Quality of Support:** 7.5/10 (Category avg: 8.4/10) **Seller Details:** - **Seller:** [Get Simpl Technologies](https://www.g2.com/sellers/get-simpl-technologies) - **HQ Location:** MUMBAI, Maharashtra - **LinkedIn® Page:** https://www.linkedin.com/company/get-simpl-technologies-private-limited (10 employees on LinkedIn®) **Reviewer Demographics:** - **Top Industries:** Food & Beverages - **Company Size:** 65% Small-Business, 18% Enterprise ### 23. [EasyPay](https://www.g2.com/products/easypay/reviews) EasyPay Finance meets the needs of retailers and auto repair dealers by providing simple and affordable payment plans for their customers. **Average Rating:** 4.4/5.0 **Total Reviews:** 31 **User Satisfaction Scores:** - **Quality of Support:** 8.7/10 (Category avg: 8.4/10) - **Payment Scheduling:** 8.2/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.6/10 (Category avg: 8.3/10) - **E-commerce Integration:** 8.5/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [EasyPay](https://www.g2.com/sellers/easypay) - **Year Founded:** 2001 - **HQ Location:** Carlsbad, CA - **Twitter:** @EasyPay_Finance (107 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/easypay-finance/ (85 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 69% Small-Business, 25% Mid-Market #### Pros & Cons **Cons:** - Credit Score (1 reviews) - Payment Issues (1 reviews) ### 24. [FuturePay](https://www.g2.com/products/futurepay-inc-futurepay/reviews) FuturePay is a payment option that lets your customers buy now and pay later – without a credit card. **Average Rating:** 4.2/5.0 **Total Reviews:** 10 **User Satisfaction Scores:** - **Quality of Support:** 8.3/10 (Category avg: 8.4/10) - **Payment Scheduling:** 7.9/10 (Category avg: 8.8/10) - **Loyalty Management:** 8.0/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.7/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [FuturePay](https://www.g2.com/sellers/futurepay-24b6006d-0822-4b3a-abf9-2b91b988922e) - **Year Founded:** 2019 - **HQ Location:** New York, New York - **Twitter:** @Futurepay_HQ (24 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/futurepay-holdings-inc/ (11 employees on LinkedIn®) **Reviewer Demographics:** - **Company Size:** 50% Small-Business, 40% Mid-Market ### 25. [Splitit](https://www.g2.com/products/splitit/reviews) Splitit revolutionizes payment solutions by enabling card-linked installments without new loans or fees, leveraging consumers' existing credit. As the only embedded white-label omnichannel payments provider of its kind, Splitit empowers enterprise merchants to achieve higher conversion rates and increased transaction values without losing customers to third-party BNPL providers. Its innovative, consumer-friendly approach spans diverse sectors, including jewelry, dental care, and education. By future-proofing payments with a model that prioritizes consumer protection and merchant success, Splitit sets a new standard in the industry. **Average Rating:** 4.1/5.0 **Total Reviews:** 18 **User Satisfaction Scores:** - **Quality of Support:** 8.2/10 (Category avg: 8.4/10) - **Payment Scheduling:** 7.7/10 (Category avg: 8.8/10) - **Loyalty Management:** 6.9/10 (Category avg: 8.3/10) - **E-commerce Integration:** 7.3/10 (Category avg: 8.6/10) **Seller Details:** - **Seller:** [Splitit](https://www.g2.com/sellers/splitit) - **Year Founded:** 2012 - **HQ Location:** Atlanta, US - **Twitter:** @splitit (1,371 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/10256330/ (84 employees on LinkedIn®) - **Ownership:** ASX:SPT **Reviewer Demographics:** - **Top Industries:** Consumer Goods - **Company Size:** 75% Small-Business, 25% Mid-Market #### Pros & Cons **Cons:** - Fraudulent Activities (1 reviews) - Late Fees (1 reviews) - Payment Issues (1 reviews) ## Parent Category [Payment Software](https://www.g2.com/categories/payment) ## Related Categories - [Payment Processing Software](https://www.g2.com/categories/payment-processing) --- ## Buyer Guide ### What You Should Know About Installment Payment and Buy Now Pay Later (BNPL) Software ### What is Installment Payment and Buy Now Pay Later (BNPL) Software? Installment payment and buy now pay later (BNPL) software allows companies to provide their customers with the option to pay for goods and services in multiple parts (usually known as installments). Most of these transactions are interest-free, and the companies using this type of software pay a fee per transaction.  There is usually a minimum order amount per transaction, which varies by provider, and the first installment is due at checkout. BNPL service providers may charge fees or apply interest up to 30% per year for late payments.  While buyers can pay in monthly installments, companies usually receive the total amount immediately from the BNPL provider. These providers are only sometimes responsible for their financial services, which is why banks and financial institutions usually back them.  **What Does BNPL Stand For?** BNPL stands for buy now pay later, also known as installment payments. #### What Types of Installment Payment and Buy Now Pay Later (BNPL) Software Exist? Depending on the type of buyer, there are two major types of BNPL software.  **Business to consumer (B2C)** Most BNPL solutions focus on e-commerce and consumers (or individual buyers) in industries such as CPG and retail. Companies providing services to individuals, such as gyms and spas, may also use BNPL. Finally, companies selling subscription-based products such as meal kits allow consumers to pay in multiple installments. **Business to business (B2B)** B2B services and software as a service (SaaS) are the most common B2B use cases for BNPL. However, this payment type is less common for industrial goods and raw materials due to the risks associated with these transactions. These risks are related to the high value of payments and contractual obligations.  ### What are the Common Features of Installment Payment and Buy Now Pay Later (BNPL) Software? The following are some core features within installment payment and BNPL tools that can help users define and implement installment plans for buyers: **Installments:** These features define payment plans of monthly installments, made available to online buyers at checkout, either online or in-store. A typical payment plan includes four installments or fewer, which must be paid relatively quickly (between 4 and 6 weeks). In addition, some providers offer options for long-term financing. **Payments:** Pay later options aren’t available to everyone, and buyers may need to provide a credit score or consent to a credit check. Low credit scores may disqualify buyers or require a down payment. When approved, buyers can choose between multiple payment methods such as credit and debit cards, Paypal, etc. BNPL software also manages payments for refunds **.** When orders are canceled, buyers must be refunded the amount they paid in one or multiple installments. ** ** **Dispute management:** Disputes arise when buyers are charged penalties or interest on late payments or unpaid balances. Other types of disputes managed using BNPL solutions are failed or incorrect payments. Any other issues, such as damaged products or incorrect deliveries, require additional software, such as e-commerce platforms or inventory management. **Analytics:** Since companies don't charge buyers for using BNPL, they need to ensure that providing this option helps them sell more. Therefore, tracking metrics such as average order value, ideally segmented by the buyer, region, or consumer category, is critical.  **Integration:** BNPL software integrates with e-commerce platforms or accounting software through application programming interfaces (APIs) or plugins, allowing real-time data sync across multiple systems.  ### What are the Benefits of Installment Payment and Buy Now Pay Later (BNPL) Software? The main benefits of an installment payment and BNPL platform are: **Increase sales:** The ability to pay in multiple installments allows buyers to purchase goods or services even when they cannot afford them. It also provides the flexibility to spend a manageable amount at a time, which can be a competitive advantage for companies offering BNPL. **Improve buyer experience:** BNPL software can help companies improve the customer experience by providing financing and flexible payment options. For example, B2B and B2C buyers prefer to buy from providers that allow them to pay in multiple installments, so they don't have to cover the full price upfront.  ### Who Uses Installment Payment and Buy Now Pay Later (BNPL) Software? Two types of personas mainly use this type of software: **Sales:** Sales teams implement BNPL to attract new buyers or to incentivize existing customers or consumers to buy more.  **Marketing:** Since BNPL can be a competitive advantage, marketing teams incorporate it into their campaigns to differentiate themselves from competitors. ### What are the Alternatives to Installment Payment and Buy Now Pay Later (BNPL) Software? Alternatives to installment payment and BNPL tools that can replace this type of software, either wholly or partially: [Payment gateways:](https://www.g2.com/categories/payment-gateways) Payment gateways may include functionality for BNPL, which benefits companies that must manage the complete payment process.  #### Software Related to Installment Payment and Buy Now Pay Later (BNPL) Software Related solutions that can be used together with installment payment and BNPL include: [E-commerce platforms](https://www.g2.com/categories/e-commerce-platforms) **:** BNPL solutions don't include features to create and maintain shopping carts, so they must integrate with e-commerce platforms. [Shopping cart software](https://www.g2.com/categories/shopping-cart) **:** Small companies may not need e-commerce platforms and use shopping cart tools instead. These tools must also integrate with BNPL software to track online sales and payments. [Billing and invoicing:](https://www.g2.com/categories/billing) Since payments are financial transactions, companies must track and report them for compliance. Also, billing data allows companies to monitor their profitability and cash flow. ### Challenges with Installment Payment and Buy Now Pay Later (BNPL) Software Installment payment and BNPL software solutions can come with the following challenges.  **Lack of regulation:** Installment payments are not new, but BNPL limits their number to four. In contrast, payment plans with five or more installments are usually regulated locally or nationally. There are very few regulations for four and fewer installment plans.  **Overspending:** While most BNPL options are interest-free, there are often hidden fees, such as late fees. Also, while there is no interest on payments, providers may apply high-interest rates on incomplete payments. These factors may contribute to overspending as consumers pay more than they were planning to at the initial purchase. **Incomplete payments: ** Buyers may not afford to pay all installments or simply forget, which may incur late fees or high interests applied to the unpaid balance. This may hurt buyers and their credit scores, and sellers that get paid late or never recover the total amount.  ### Which Companies Should Buy Installment Payment and Buy Now Pay Later (BNPL) Software? Any company selling goods or services online or in-store can benefit from using BNPL software. Still, this type of software is primarily beneficial to: **E-commerce companies:** BNPL is a perfect fit for e-commerce, focusing mainly on B2C sales with low value and high volume. Online stores provide the option to pay in multiple installments at checkout through integration with BNPL software. **Retailers:** While retail companies often use BNPL for online stores, this software can also be used in-store at the point of sale (POS). The process is the same as for e-commerce, except that the credit or debit card owner must be present and provide valid identification.  **Subscription services providers:** Subscription products and services can also be purchased in multiple installments, even though this business model relies on monthly recurring payments. BNPL can help buyers purchase yearly or multi-year subscriptions, which cost less than monthly payments. ### How to Buy Installment Payment and Buy Now Pay Later (BNPL) Software #### Requirements Gathering (RFI/RFP) for Installment Payment and Buy Now Pay Later (BNPL) BNPL software requirements can be generic or specific to the buyer. An example of generic requirements is the Payment Card Industry Data Security Standard (PCI DSS) certification, which is used worldwide by payment providers. On the other hand, a company's specific needs could be multi-currency for buyers selling in multiple countries with separate currencies. #### Compare Installment Payment and Buy Now Pay Later (BNPL) Software Products **Create a long list** Buyers can create a long list by eliminating all the products that don't provide basic or critical requirements, such as multi-currency or support for multiple languages. So, for example, if a BNPL provider only supports the English language and US dollars, it should be automatically excluded from the long list of a multinational buyer. **Create a short list** Buyers can eliminate products from the long list to create a short list using advanced criteria. For instance, even though many BNPL solutions include multi-currency functionality, not all provide the option to automatically choose the currency based on the buyer's zip code. Another advanced feature is the ability to offer conversion rates for multiple currencies that can be updated in real-time or near real-time. **Conduct demos** Ideally, demos should simulate the BNPL process, either online or in-store. Vendors must show how their software supports payment and repayment options (such as debit and credit cards or PayPal) or how a buyer can register for installment payments at checkout.  The user experience is also important to demonstrate. A demo should show how easily BNPL users can provide financing options to buyers. #### Selection of Installment Payment and Buy Now Pay Later (BNPL) Software **Choose a selection team** The selection team for BNPL software should include the departments in charge of e-commerce, in-store retail, B2B sales, and accounting.  **Negotiation** The negotiation should consider that BNPL providers rely on partnerships to deliver features and integration. This means that buyers need to vet both BNPL vendors and their partners. They also need to understand the cost of the software and services vendors and partners provide. **Final decision** The winning solution should provide the features and benefits mentioned above at a reasonable price. It is also important that the vendor selling it and its partners have positive reviews, testimonials, and expertise in the industry.