Payments by Instalments: how retailers can improve Average Order Value

Here’s why retailers should consider taking payments in instalments
While it may seem counterintuitive to not take a full payment upfront and instead taking payments by instalments, there are certain benefits to not only consumers, but merchants too! From the view of the customer, splitting a payment into manageable chunks is always a bonus. For the merchant, by creating a more seamless experience for your shoppers, you increase the chance of their return. By enabling higher value purchases you are enabling shoppers to buy products that they maybe couldn’t have afforded to purchase in one go – creating a more positive shopping experience increasing brand loyalty. Read more…