In addition to being able to customize colors, payment method (credit card, payslip, PayPal) and checkout information, you can also choose the payment options you’d like to offer your customers.
One of them is the installment plan with no fees for your client. If you choose this option, the fees will be charged from the seller himself/herself and the buyer will have the option to choose this plan and pay it in installments defined by the seller.
When the fee is charged from the seller, the base value of the commission he’ll receive will suffer a 2.49% discount according to the number of installments, if the buyer pays by credit card.
For example: if your product costs 2 x USD 47, the buyer will pay USD 94 if they choose the payslip option. If they use PayPal, they’ll also pay USD 94. If they choose the installment plan option, the amount charged on their credit card will be 2x USD 47 (totaling USD 94, the same as in the payslip and PayPal options), but the base value used to calculate the commission of the Producer and the Affiliates will be USD 90.60, since the fee will be discounted from the original amount. This is called Real price in the offer registration area.
But you don’t have to worry about doing these calculations! The purpose of this post is just to clarify how this new payment option works, but when it comes to setting up your offer with the installment plan option, the platform itself will do the calculations and show you the final price and at no cost to you whatsoever.
When to use this payment option
The main reasons why sellers offer this payment option are:
- The fee is not charged from the buyer, as opposed to usual installments plans;
- Make the installment option more friendly so as to attract buyers;
- Test possible improvement in the conversion rates and revenue.
Setting this payment option for your client
To enable this option you have to go to Preferences, tab Offers.
You should then create a new offer by selecting the Type of Payment option, installment plan without fees to your customer. By selecting this option you can fill in the rest of the information and the system will show you automatically the base price of the product that will be used to calculate the commissions.
If you have any questions regarding these options, you may submit a request in our Support with the subject PAYMENT OPTIONS, that our team will be on hand to assist you.