Pay in 3

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

pay in 3 benefits

Why shoppers love Pay in 3

pay in 3 shoppers

Example calculator in checkout

pay in 3 example

info

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 / 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.