How do Credit Card instalment plans work?

SwiF partners with both Visa and Master cards to facilitate the instalment plans within its Payment Gateway, ensuring your customers can spread out payments over time while your business receives the full amount upfront.

What are the benefits of offering Credit Card instalment plans to my customers?

Offering instalment plans can enhance cash flow for your business by providing immediate full payment from the credit card issuer. For your customers, it makes high-value purchases more affordable and manageable, potentially increasing sales and customer satisfaction. It also differentiates your business from competitors and attracts customers who prefer flexible payment options.

Can customers choose the duration and number of instalments in a Credit Card instalment plan?

Yes, Credit Card instalment plans offer flexibility in terms of instalment duration and number. Customers can select the repayment period that best fits their budget and financial situation, typically ranging from a few months to a year or more, as per RHB plans.

How does offering Credit Card instalment plans impact my business’s cashflow and financial reporting?

Offering Credit Card instalment plans can positively impact your cashflow by providing immediate payment for goods or services sold.

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Instalment

Instalment options in B2B2C fintech provide businesses with flexible payment solutions that enhance cashflow and purchasing power. By offering Credit Card or Buy Now, Pay Later instalment plans, your company allows customers to split large purchases into manageable monthly payments.

This approach not only makes high-value transactions more accessible but also improves customer satisfaction and loyalty. For end consumers, this translates to more affordable and flexible purchasing options, driving overall sales and business growth. By implementing instalment plans, your business can optimise its financial operations and support a more dynamic and scalable business model.

Enhance Your Cashflow

Drive Overall Sales And Business Growth

Build your Competitive Advantage

Improve Customer Satisfaction and Loyalty

Become A Merchant

Why Your Business Should Offer Instalment Plans

Enhanced cashflow

Businesses receive the full payment upfront while customers pay in instalments, ensuring steady cashflow and reducing the waiting period for funds.

Higher Average Transaction Value

Customers are more likely to make larger purchases when they can pay in smaller, manageable amounts over time, leading to an increase in the average transaction value.

Reduced Financial Risk

The risk of non-payment or delayed payment is transferred to the issuer, which assumes the responsibility of collecting instalment payments from the customer.

Simplified Collections

Businesses can streamline their collections process, as the issuer handles the instalment payments, reducing the administrative burden of managing multiple payment plans.

Boosted Repeat Business

Customers who have a positive experience with instalment payments are more likely to return for future purchases, driving repeat business and long-term customer relationships.

Instalment Plan Partners

Credit Card Instalments

Offering a credit card instalment payment plan can provide your customers with the flexibility they desire when making larger purchases. This option allows them to spread the cost over a set period—whether it’s several months or even years—making it easier for them to manage their budgets.

By introducing this payment solution, you can enhance customer satisfaction and boost sales.

Buy Now, Pay Later (BNPL)

For smaller, short-term purchases, consider offering a value-added payment option that allows customers to split their payments with 0% interest.

The Buy Now, Pay Later (BNPL) option enhances the shopping experience by making larger purchases manageable through interest-free monthly instalments.

Customers can shop directly from their mobile devices without needing a credit card, while merchants benefit from seamless integration for a smooth checkout process.