Lack of Split-Pay Option May Cost Merchants 22% of Customers
Merchants that don’t offer split-pay options risk losing potential sales and active clients, a PYMNTS Intelligence and Splitit study found.
Source: pymnts.com
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Millennials Fuel Split-Pay Retail Purchases
Six in 10 consumers used some type of split-pay plan for retail products in the last year, with millennials being the most likely to use this financing option.
Source: pymnts.com
21% of Consumers Spread Out Restaurant Meal Payments
As consumers look for ways to afford the luxuries that they want even in the face of ongoing financial challenges, PYMNTS Intelligence reveals that many are…
Source: biztoc.com
High-Income Earners' Love of Installment Plans Signal Lucrative Opportunity for Merchants
Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their…
Source: biztoc.com
1 in 5 Shoppers Pay for Groceries in Installments
With consumers’ economic challenges continuing to limit their spending, many are turning to installment plans just to afford groceries, PYMNTS Intelligence…
Source: biztoc.com