Benefits for your e-commerce business
Lower abandonment rate
If you do not offer your customers the option of being able to pay in instalments, you may well increase the risk of shopping cart abandonment, as many of them simply find applying for a comparable loan from their own or a digital bank too much hassle; it may also be not an option for them for other reasons.
Scalable instalment costs
You decide who bears which proportion of the instalment costs. You can either make your customers pay 100% of the costs, share them with your customers or even bear all of the costs yourself.
New customer groups
By offering payment in instalments, you will also appeal to potential new customers with less money to spend who would like to treat themselves to something special.
No hidden costs
No associated hidden costs for you. The interest due neither depends on the customer’s credit rating, nor on the term of the loan.
Benefits for your customers
Scalable instalment amounts
With the Ratepay payment by instalments option, you can offer your customers up to 36 months of time to pay the amount due in full. Everyone can therefore opt for the instalment plan that best matches their needs – and their current financial situation.
High level of flexibility
By offering payment in instalments, you give your customers a high level of financial flexibility that also makes it possible for them to make more expensive purchases whenever they like.
Early repayment and instalment freeze
Early repayment and instalment freezes are also possible. If required, our customer service agents will draw up a new, personalised repayment plan for the remaining term of the loan for your customer.
Instant online approval
Your customers are given instant approval online directly at the checkout. Without a time-consuming identity check, without having to present a payslip or a contract of employment.
What payment by instalments actually looks like in practice
Further Ratepay products
Purchase by Open Invoice
People like to pay on receipt of an invoice, as it is not only a convenient and secure payment option but gives them more financial scope.More about Purchase by Open Invoice
Payment by Direct Debit
People trust in what they are familiar with and has proved itself to be reliable. That is precisely what direct debit stands for.More about Direct Debit
Sounds exciting? Let’s get started:
Merchant? Marketplace? PSP? Simply fill out the form and we will contact you as quickly as possible.