Visa: Launches Visa Installments Pilots in the US
- Point-of-sale installment plans have captured the attention of consumers and merchants, alike, as each explores new credit options to manage spend and boost sales
- For a merchant, the addition POS installment options often directly tied to an increase in customer frequency, basket size and conversion rates
- For consumers, POS installment plans provide a different way to access and use credit to make purchases
- The Kibo Commerce marketplace will soon allow its sellers to offer Visa’s installment plans via the deployment of a customized app
- When checking out at participating merchants, consumers choose their Visa credit card as their preferred payment method
- Then the POS system automatically checks to see if the cardholder is eligible for installment payments via the Visa installments solution
