# Pay in 3

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⏱ 2 min
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👤 Merchant Onboarding Team (Marcel K.)
###### 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

Pay in 3 payments are processed via **direct debit**.

## Process in a nutshell

- Buyer decides to to pay via "Pay in 3"
- Seller sends a [PAYMENT_REQUEST](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/place_order/payment_request) / [Authorize transaction request](/apis/payment/openapi/payment_api/transaction-management/createtransaction) 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](/docs/developer/api_integration/payment_1.8/payment_api_documentation/the_ratepay_gateway_operations/follow_up_operations/confirmation_deliver/) / [Capture transaction](/apis/payment/openapi/payment_api/capture/capturetransaction) 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](/docs/legal/a_legal_requirements_for_the_integration/customer_correspondences/pay_in_3/) should be sent to the buyer,
  - A withdrawal from the buyer's bank account takes place at each 2nd day of a month.