Installment cards

The Fastest Growing Payment Method in Romania

What are Installment Cards?

Installment cards are a type of credit card that allows consumers to pay for their purchases in fixed, scheduled payments over a specified period, rather than paying the full amount upfront. When using an installment card, the total purchase amount is divided into smaller, equal payments, usually monthly, which can range from a few months to several years, depending on the terms of the card and the agreement with the retailer.


Key Features of Installment Cards:

  • Flexible Payment Options: Consumers can choose the number of installments that best fit their financial situation.


  • Interest Rates: Some installment plans may come with 0% interest rates, while others might have competitive rates, depending on the bank’s policy and the agreement with the retailer.


  • Transparent Terms: Clear terms and conditions are provided, ensuring consumers know exactly what they owe and when.

Why are Installment Cards Important for Merchants?

Attracting a Broader Customer Base

Offering installment payment options can significantly broaden a merchant’s customer base. Many consumers, especially those who prefer or need to manage their budgets carefully, are more likely to make purchases if they can spread the cost over time. This flexibility makes high-value products more accessible, leading to increased sales and customer acquisition.


Increasing Average Order Value

By allowing customers to pay in installments, merchants can encourage higher spending. Customers are more inclined to purchase higher-ticket items when they can pay over time, which can lead to a higher average order value (AOV). This is particularly beneficial for merchants selling high-end or expensive products, such as electronics, furniture, or luxury goods.


Enhancing Customer Loyalty and Satisfaction

Flexible payment options contribute to a better customer experience. When customers have the option to pay in installments, they feel more in control of their finances and are more satisfied with their shopping experience. This satisfaction can translate into increased customer loyalty, repeat business, and positive word-of-mouth referrals.


Competitive Advantage

In a competitive market, offering installment payment options can set a merchant apart from others who do not provide this flexibility. Consumers often compare payment options before making a purchase decision, and the availability of installment plans can be a deciding factor. By offering installment cards, merchants can gain a competitive edge and attract more customers.


Reducing Cart Abandonment

Cart abandonment is a common issue in e-commerce, often due to the total cost of the purchase at checkout. Installment payment options can mitigate this problem by breaking down the total cost into manageable payments, making the purchase more palatable and reducing the likelihood of customers abandoning their carts.


Seamless Integration and Financial Reconciliation

With our solution, merchants can integrate multiple installment payment methods from various Romanian banks through a single technical integration. This streamlined process simplifies the management and reconciliation of payments, saving time and reducing administrative burdens. One single financial reconciliation for all installment methods ensures accuracy and efficiency in financial operations.


Access to Marketing Tools

Merchants can leverage the marketing tools provided by each bank to promote installment payment options. These tools include newsletters, SMS campaigns, and banners in account statements, helping to raise awareness and encourage customers to take advantage of installment plans. This targeted marketing can drive traffic and increase sales.

Installment cards

Installment cards benefits

Installment cards FAQ (4)

How do installment plans work?

When a consumer selects an installment plan, the total purchase amount is divided into smaller, equal payments that are paid over a set period, usually monthly.

Which banks in Romania offer installment cards?

Multiple Romanian banks offer installment cards, and our service integrates with several of them to provide a seamless payment experience.

How can businesses benefit from offering installment cards?

Businesses can attract more customers, increase sales, and improve customer satisfaction by offering flexible payment options through installment cards.

Is the integration process complicated?

No, we provide a single technical integration that allows businesses to access multiple installment payment methods from various banks easily.