Installment Payments apps help Shopify store owners offer flexible payment options to customers. Installment Payments apps allow you to let shoppers split their purchases into manageable payments over time, making higher-ticket items more accessible. Installment Payments apps improve customer satisfaction by offering financial flexibility and reducing purchase hesitation. Shopify stores can use Installment Payments apps to boost conversions, attract new buyers, and increase sales for premium products. Many Installment Payments apps include features like automatic payment reminders, real-time approvals, and multi-currency support.
Afterpay is a ‘buy-now-pay-later’ platform that allows customers to pay for their purchases over four, fortnightly instalments. Retailers that offer Afterpay get paid immediately, but are charged a merchant fee of 4.17%. It’s like a modern-day credit card with an interest-free period.
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