Germany-based global provider of digital payments and commerce solutions Wirecard announced on Friday it has launched a new installment payment plan for online shops in Germany. According to Wirecard, the new offering is available through its digital financial commerce platform, benefits both merchants and consumers thanks to its B2B2C approach.
“Merchants are able to increase e-commerce sales by offering customers the option to pay in installments while still receiving full settlement when the shopper completes the order. Consumers can more easily afford premium items thanks to flexible payment options and benefit from a seamless shopping experience. Wirecard acts as the acquirer and also processes all transactions.”
While sharing more details about the payment plan, Kilian Thalhammer, VP Product Management Payment and Risk at Wirecard, stated:
“At Wirecard, our focus is on constantly expanding our service offering to enhance the customer journey. According to recent statistics, merchants offering installment payments in their online shops not only notice significant sales growth but also increased customer satisfaction. By giving consumers more flexibility, merchants improve the overall shopping experience which in turn leads to more loyalty.”
Wirecard went on to add that consumers can easily afford premium items as they do not have to pay the full amount immediately. In addition, consumers may also 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.
