Wirecard has announced a new instalment payment plan for online shops in Germany, available via the company’s digital financial commerce platform.
The new offering benefits both merchants and consumers thanks to its B2B2C approach. Merchants are able to boost ecommerce sales by offering customers the option to pay in instalments while still receiving full settlement when the shopper completes the order. Consumers can afford premium items thanks to flexible payment options. Wirecard acts as the acquirer and also processes all transactions.
In addition, they can choose to pay for purchases in fixed monthly payments over periods of between three and 24 months – or up to 36 months for items over EUR 1,000. They can also make unscheduled repayments at any time without incurring fees.
The solution will be expanded to other SEPA countries following the initial launch in Germany.
Wirecard is a software and IT specialist for outsourcing and white label solutions for payment processing and issuing products. For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.