Acquirers’ Navigation of an Uncertain Installment Plan Landscape

New Study Finds Acquirer Confusion Clouds Installment Plan Landscape

Acquirers’ Navigation of an Uncertain Installment Plan Landscape

While 56% of acquirers claim to enable general-purpose credit card installment plans before or during checkout, PYMNTS Intelligence’s research finds that the actual figure is likely nearer to 8%. And confusion around the term “BNPL” isn’t helping. PYMNTS Intelligence’s latest survey of acquirers, Acquirers’ Navigation of an Uncertain Installment Plan Landscape,” a collaboration with Splitit, examines their current support of and interest in offering these plans.

Inside the December Study

  • 25%: Portion of firms offering BNPL that cite client retention as a benefit of offering the plans
  • 39%: Share of acquirers with plans to allow clients to offer general-purpose card installment plans to their consumers before the checkout process
  • 68%: Portion of acquirers that think business clients would be highly likely to sell higher-priced items or services if they offered card installment plans to clients before checkout

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Installment Plans Report