Consumers are sometimes deterred from purchasing high-ticket items because they either don’t want to collect credit card debt or don’t have the cash to pay up front.
With PayItSimple, brands and retailers can turn these potentially lost opportunities into sales by providing consumers with alternative payment options. Rather than paying for items up front, consumers can charge their purchases on their credit cards and pay them back in monthly, interest-free installments.
During the checkout process online or in a store, customers can select the number of desired installments for a purchase, without having to go through a credit check and without tacking on additional interest.
Advertisement
For merchants, the process is similar to a regular credit card transaction, and includes no additional risk since the information is validated and guaranteed by the credit card issuer. Retailers pay a small processing fee and can elect to receive the payments by installment without any interest. PayItSimple is pre-integrated with many major credit card processors and gateways.
