Instalments and pay-later let a buyer split a payment into parts while the merchant receives the order amount at once. The difference is carried by a financing partner, who also takes on the risk of the buyer not paying.
How it looks for each side
- The buyer pays in scheduled parts, and approval takes minutes.
- The merchant is paid as with an ordinary payment, with no long wait.
- The partner screens the buyer and carries the risk of missed payments.
What a store should know
- Terms and pricing are connected separately — this is not part of the base rate.
- Average order value usually grows: expensive items stop looking unaffordable.
- Refunds on such orders follow the partner rules, not only the store ones.
How this works on a platform is on the marketplace payments page.
