Stripe releases features at a pretty incredible rate, their hosted checkout experience is always improving, and on Wed morning they added the ability for businesses to sell products with installment payments.
So customers can buy now and pay later in 4 interest free installments. This is perfect for things which fall into the "considered purchase" category, like an expensive piece of furniture.
To keep up with Stripe, I've released Afterpay / Clearpay as a payment method option to the PriceBlocs payment link builder, so now sellers can also use Afterpay when selling online, without needing to know how to code 🙌
Buy now, pay later is a great option for considered purchases, but it also seems to be used as an alternative to credit cards for normal purchases. It's a great option for buyers and sellers but my hunch is that it will come under more strict regulation in the future in the interest of consumer protection.
I'd be interested to know if anyone here is using installment payments for their products and if they have thoughts on pros and cons. Let me know!