We've released a new feature that allow you to offer customers flexible payment options -- by paying net terms invoices via installments. This helps strengthen relationships with your customers, and help them avoid late fees or impacts to their credit.
How does it work?
When you enable this feature, any buyer in good standing will receive offers to extend their payment due date -- either by 30 days or via installments.
Installment Payment Options:
Customers can pay via monthly or bi-weekly installments over 30 or 60 days on eligible net 30 invoices.
Key Considerations:
- Enabling extensions may delay payouts for invoices with an advance rate less than 100%.
- Customers must be in good standing (no overdue invoices) and the feature must be enabled by the merchant in Settings.
- Payouts for partial advance invoices will be issued when the customer pays, or gradually if they opt for installments.
How to Enable:
Go to Settings > Customer Settings in the dashboard and toggle “Enable Payment Extensions”. Reach out to your Customer Success Manager for help.