Implement the new installment plan service on your website and allow your customers to get their purchase immediately—and pay for it in convenient monthly installments.
The funds will be credited to your account in the usual manner — settlements will be made on the following business day.
In two steps:
You will receive the entire amount after the payment. Settlements will be made on the following business day (transferring to your bank account may take up to 5 days).The customer will see that they have paid from the Yandex.Money wallet and will be able to find this payment in the wallet’s history.
We will offer them to start a wallet directly from the installment plan registration form. They won’t be able to use the service otherwise.
You will receive the entire amount upon the sale. The customer will make installment payments to the credit organization, so even if there are any problems with payments, it will not be an issue for you.
You will process refunds in the usual manner, but if they are made 30 days after the initial payment or later, there will be interest accumulated for the first credit month. The interest is paid by the initiator of the refund. Therefore, if the refund is made because of your actions, you will have to pay the interest.
The funds for the installment plan are provided by the MCC Credit-Line LLC microfinance organization (PayLate).
The installment plan is insured by VSK insurance company.