Instalment payments

INSTALMENT PAYMENTS INCLUDING 100% PAYMENT GUARANTEE

With the instalment payment or the hire purchase, things can be purchased and can be used immediately, although they have not yet been paid for in full. Payment in instalments makes sense, especially for important new acquisitions for which the financial means are not entirely sufficient. As a retailer or online shop operator, you can generate significantly larger shopping baskets by buying in instalments.

Definition

In the case of payment by instalments, the consumer and the entrepreneur agree that the amount due will not be paid immediately in one sum, but rather through a partial payment in at least two payment instalments. In general, the total amount of the purchase price is divided into smaller partial amounts.

Consumers are repeatedly faced with the challenge of having to shoulder major purchases – be it a new computer, a long-awaited vacation trip or an investment in a new washing machine. With the instalment payment from Novalnet, you can now offer your customers worldwide the opportunity to pay for expensive purchases staggered over a longer period of time.

Benefits for both sides

Payment in instalments can be selected for the popular payment methods purchase on account and SEPA direct debit – completely interest-free for both you and the consumer. In addition, with the instalment you can achieve higher shopping cart values, win new customers and increase overall customer satisfaction. The flexible payment makes your shop much more attractive for consumers and thus increases your sales success.

Novalnet takes on the risk of default and fully protects you against payment default – and all of this at the favourable terms of the payment guarantee. The duration and the maximum shopping cart value can be freely selected according to your wishes. There is no limit. If a buyer pays late, Novalnet’s customer-friendly dunning process starts. Reminder fees for consumers, as with other providers, do not apply to Novalnet.

Instalment payments thus offer you new growth opportunities without the risk of default, and more flexibility for your customers.