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Do any of you use a payment installment plan system for your business?

Asked 5 years ago

which one do you use and does it charge a fee?

Stephen Payne

Sunday, February 16, 2020

Klarna They charge a fee only if a sale is made. Around 2% fee

David Page

Monday, February 17, 2020

you can charge the financing cost to the customer if they choose to split the payments. Even in retail, financing has about 6-12% interest, depending on the length though it's usually absorbed by the retailer.

Thomas Riddle

Wednesday, February 19, 2020

you can set up recurring payments outside of the Shopify ecosystem with something like waveapps.com or stripe. It requires you to manually create the invoice/subscription, but you can put an end date and automatically bill a set amount until then

Ido Talmor

Thursday, February 20, 2020

other services are Splitit and Split that give you the option to create installment plans for your shopper





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