Installments

In this section, you'll discover how Yuno supports payments in installments, offering you and your customers the flexibility to make large purchases more affordable. Explore the benefits of this feature and understand the difference between "Merchant" and "Provider" installments for a tailored payment solution.

Accept card payments in installments

Yuno supports payments in installments, which allows you to spread out the cost of a purchase over a longer period of time. This is a great way to make a large purchase more affordable or to free up cash flow for other expenses.

Benefits of Using Payments in Installments

There are several benefits to using installment payments for your customers:

  • Affordability: Paying in installments can make a large purchase more affordable by spreading out the cost over a longer period of time. This can be especially helpful if the customer doesn't have the full amount of money available upfront.
  • Flexibility: With payments in installments, you can offer your customer the choice of a payment plan that best suits their need. They can usually choose the number of months to pay off the purchase, as well as the amount of each payment.
  • Convenience: Payments in installments can be a convenient way to make a purchase. The customer can usually make payments online or by phone, and they don't have to worry about writing checks or carrying cash.

Merchant vs. Provider Installments

Installment implementation varies depending on the origin and your commercial agreements:

  • Merchant: Refers to when the merchant has its own commercial agreements and installments enabled in each payment processor, so they handle the logic behind which amount of installments to use for each case. The merchant is responsible for defining in Yuno the amount of installments available for the customer to choose from.
  • Provider: Refers to when the merchant does not have a commercial agreement for a defined set of installments, so they use the installments defined by the payment processor. We consult the provider of your choosing in order to get the installments available to offer your customers for each case.