Payment methods

Boost your business with Instalment Payments.

If your business sells products, it is crucial to offer the most popular payment methods on your online and in-store platforms. By doing so, you can attract a wider customer base. Currently, one of the most popular and rapidly growing payment methods worldwide is the option to pay in instalments.

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Paying in instalments is a way for consumers to shop first and pay later, also known as 'Buy Now, Pay Later' (BNPL).

BNPL payment methods allow consumers to postpone their payment. With the increasing digitization and consumption trends, consumers are increasingly seeking flexible payment options such as spreading payments or paying in instalments. It is estimated that by 2025, approximately 12% of all e-commerce spending will be made through instalment and deferred payment methods. This represents a substantial increase from around €350 billion in 2019 to €690 billion in 2025, reflecting a remarkable growth of +92%.

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Paying in instalments offers flexibility, convenience, safety, and trust.

Flexibility
The growth of this payment option is primarily driven by Millennial and Gen Z consumers. Paying in instalments is popular among these demographics, as it makes larger (and sometimes necessary) purchases more easily accessible.

Convenience
Ordering through instalment payment methods, such as Klarna, often requires just a single click. Customers no longer need to fill out extensive information during the checkout process.

Safety
Consumers perceive the concept of 'shop now, pay later' as highly secure. Payments are completed in instalments after the receipt of the order, ensuring that customers pay for what they actually receive.

Trust
Well-known instalment payment methods add a sense of trust during the shopping process due to their familiarity. In fact, they serve as a conversion-boosting tool. By offering payments in instalments, you can attract new customers to your webshop or physical store.

Instalment payments via Pay: in3, Klarna, SprayPay, and Creditclick.

Pay. offers instalment payment methods that you can integrate into your business. It is important to note that these payment methods assume the full payment risk, ensuring that you receive your payout regardless of whether the consumer has paid yet.

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In3

in3 allows your customers to pay for their purchases in three equal instalments. This unique payment service eliminates interest, credit checks, and loan agreements. By reducing the threshold for higher amounts, payments in instalments with in3 effortlessly increase the average order value of your webshop.

When offering in3’s payment option via Pay, your customer pays the first instalment immediately during the webshop's checkout. The second and third instalments are paid to in3 respectively within 30 and 60 days.

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Klarna

Since its establishment in 2005, Klarna has become one of the largest providers of BNPL services worldwide. Operating in 17 countries, Klarna has over 90 million users and collaborates with more than 200,000 (web)shops.

Klarna offers users the option to pay immediately, pay later, or split the payment into three parts. When selecting the pay later option, users have up to 30 days to pay for their purchase. If they choose to pay in three instalments, the purchase amount is divided into three equal parts. One part is paid at the time of purchase, another after 30 days, and the final part after 60 days through automatic debit.

Credit Click

CreditClick

CreditClick provides online credit options, allowing consumers to pay for more expensive purchases (up to €5,500) in 6 to 48 instalments. The registration process is simple, and no fees are charged for using CreditClick. The full amount, depending on the agreed terms, will be deposited into your account within a few days. Consumers will naturally pay an interest rate, which is lower than, for example, bank overdraft fees or credit card interest rates.

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SprayPay

Through SprayPay via Pay, you can offer your customers the ability to pay for orders ranging from €250 to €3,500 in 12, 18, 24, or 36 monthly instalments. SprayPay holds an AFM license, ensuring compliance with existing laws and regulations. This provides your customers with the guarantee that they can borrow responsibly through this payment method. As a webshop owner, you benefit from SprayPay assuming the full credit risk after the transaction is approved.

In-store instalment payments are getting more popular. 

Pay. enables in-store instalment payments through in3, allowing customers to split their payments into three instalments for larger purchases, such as bicycles or mattresses. The first instalment is paid immediately, while the second and third instalments are automatically debited after one and two months, respectively. This creates a true omnichannel shopping and payment experience.

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The benefits of instalment payments for webshops and entrepreneurs.

Offering these payment options to your customers brings various benefits, including:

  • Increased number of orders
  • Higher conversion rates
  • Larger order values
  • Enhanced customer loyalty, leading to more frequent purchases
  • Integrating instalments payment methods with Pay is quick and easy.

To boost your order numbers and revenue, and to learn more about adding spreading payments, also known as paying in instalments, to your webshop, choose Pay as your Payment Service Provider. Contact us at sales@pay.nl for further information.

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