Pay in 3

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Ratepay Pay in 3 lets shoppers split purchases into three interest-free installments – boosting conversions and AOV without adding risk or liquidity concerns.

Your benefits at a glance

Why shoppers love Pay in 3

Example calculator in checkout

Process in a nutshell

• Buyer decides to to pay via "Pay in 3"
• Seller sends a PAYMENT_REQUEST / Authorize transaction request to Ratepay with the buyer-, SEPA bank-, shopping basket- & payment data
• Ratepay responds, if this transaction has been accepted or rejected
• In case of a...
  • rejection, the reason should be shown & the buyer should choose another payment method
  • acceptance, the seller should inform the buyer about the successful transaction
• When the seller sends the goods, a CONFIRMATION_DELIVER / Capture transaction request must be sent to Ratepay.
  • This starts the contractually agreed time for the payout to the seller & the claim will be transfered to Ratepay,
  • an instalment plan will be sent by Ratepay,
  • an invoice should be sent to the buyer,
  • A withdrawal from the buyer's bank account takes place at each 2nd day of a month.