Consumers’ purchasing habits have changed significantly over the past few decades. However, the desire to buy on credit has always been present in customers’ reality.
Since 1950, there has been a model known as “Buy Now, Pay Later” , which worked as a store credit system. Over the years, with the advancement of technology, we have come to have credit cards and also installment payments.
In addition to being a highly sought-after option among consumers, the installment payment plan can also reach unbanked people , who currently make up around 38.5% of the Brazilian population .
So today we’re going to teach you how to generate installment payment slips and use this solution to boost your business and optimize your sales. Keep reading!
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How does the installment payment plan work?
Installment payments can for a variety of purchases. Just like credit cards, the advantage is that it gives customers the turkey whatsapp number data to make purchases by paying in installments.
In the case of installment sales, the purchase is into a number of installments by your company and by the customer, paid within a 30-day period.
Although it requires greater control over cash flow, since you receive amounts in the long and medium term. When using a payment platform you can understand how to sell via installment payment slip and receive payment in cash. Through the advance service .
Make online sales using the payment slip
The installment bank slip is to the customer in the form of a booklet. Thus, your consumer receives a sequence of all the slips that an audience profile can affect where you place according to the installments that were upon at the time of purchase.
This format is a little different from subscriptions , in which the customer receives the bills separately or has the amounts automatically discounted from their card statement.
Make recurring charges via bank slip
However, this method is very useful for business to consumer database recurring billing sales . You can arrange a service or offer a regular product to your customer, making the bill book available to them.
As we mentioned, this method works very well for offering these services to unbanked customers or those who prefer to make manual payments .