Validation : Installment Payment Management
I am planing to built a installment payment management system for business who get their payments in installment. These business end up getting payment in installment because of the nature of their business.
Question I am trying to find answer for :
Are their any B2B or B2C e-commerce based business that need this kind of solutions ?
If yes, which are they ?
What do you mean by installment payment? Can you give a concrete example?
Many businesses gets their payments in installment because of the nature of their business.
For example : College Fee
Student pay the college fee every year or every semister. They don't pay full amount of a course / program at one shot. So to the organisation money comes in installment
For Example : Real-estate Payment Schedule
When people purchase house in an appartment at very early stage ( say during foundation stage) they give payment to builders in installment. Their will be defined payment schedule tied with the progress of the construction. So to the organisation / builders the Money comes in installment.
Hope these 2 examples are enough.
So my software helps to manage these installments. Note that these use case are nothing to do with Bank EMI schemes.
Now you see the use case in real world.
My question is in similar fashion are there any B2B or B2C e-commerce based business that need this kind of solutions ?
What are such use cases ?