Skip to content
/
Pay in 3

Pay in 3

⏱ 3 min
👤 Merchant Onboarding Team (Marcel K.)
Ratepay Pay in 3 lets shoppers split purchases into three interest-free instalments, helping merchants increase conversion and basket size while Ratepay handles the operational complexity.

Overview

Pay in 3 gives shoppers a simple way to spread the cost of a purchase across three instalments over 90 days.

For merchants, this means:

  • higher checkout flexibility
  • stronger conversion and AOV potential
  • full brand control in the buyer journey
  • less operational effort after purchase

Pay in 3 payments can be processed via direct debit or, depending on the contractual agreement, via bank transfer.

Your benefits at a glance

Why shoppers love Pay in 3

Process in a nutshell

  1. The buyer selects Pay in 3 during checkout.
  2. The merchant sends a PAYMENT_REQUEST to Ratepay with:
    • buyer data
    • SEPA bank data
    • shopping basket data
    • payment data
  3. Ratepay returns the transaction result.
  4. If the transaction is rejected, the reason should be shown and the buyer should choose another payment method.
  5. If the transaction is accepted, the merchant can continue with order confirmation.
  6. When the goods are shipped, the merchant sends a CONFIRMATION_DELIVER request to Ratepay.

After successful delivery confirmation:

  • the contractually agreed payout timeline starts
  • the claim is transferred to Ratepay
  • Ratepay sends the instalment plan to the buyer
  • the required buyer communication, including the invoice, must be sent
  • for direct debit, collection from the buyer’s account takes place on the 2nd day of each month
  • for bank transfer, the buyer due date is the 28th day of each month

Get started

To implement Pay in 3 successfully, use these resources:

Previous page
Next page