Spontaneous purchases are not only made by shopaholics. For example, your TV may burn out, your refrigerator or washing machine may break. It is not always possible to immediately find and shell out 50-60 thousand rubles for the purchase. You will have to save up for it for several months, while you need the thing here and now. Or you can catch good discounts on the marketplace, thanks to which the thing you have long wanted to buy will cost 40-60% less. How can you not take advantage of such an opportunity? In such cases, payment in installments, installments or a bank loan will come to the rescue. Of course, you can use the “call a friend” - borrow money from loved ones. But not everyone has such relatives and friends, so this method cannot be called reliable.
We will tell you what payment in installments is, how it works and how it differs from similar purchase financing instruments – installments, credit cards and consumer loans.
Payment in shares: how it works
Payment in installments is a relatively new service that has appeared in lebanon mobile database online stores and marketplaces. It allows you to split the purchase price into several equal parts without interest or overpayments.
Payment in shares – how it works:
You select a product or service that has the option to pay in installments.
In the shopping cart, indicate the payment method for the order - “in parts”.
You provide your details - full name, phone number, email address and details of the card from which the debit will be made, and complete the purchase.
When you place an order, a portion of the payment will be debited from your card - usually up to 25%. The remaining payments will be debited from the card according to a schedule that can be seen in your personal account on the store's website or in the app. Most often, the payment is divided into four equal parts.
The service of payment in shares is called BNPL and comes from the English phrase buy now, pay later, which means "buy now, pay later". It is provided by special BNPL services (or BNPL providers), acting as intermediaries between stores and customers. Such services can also be provided by acquiring banks, organizing the payment process via the Internet.