e-Commerce Glossary · T-U

What Is Installment Sales?

Installment sales is a sales method that allows the customer to pay the product price not in one go but in a certain number of monthly installments by credit card. On e-commerce sites, installment options are offered through a virtual POS or a payment institution; the number of installments and the interest difference may vary by bank, card type and product category. For high-value products, the option of paying in installments can make the purchase decision easier and increase the conversion rate.