Partial.ly is a partial payment platform used by online businesses and eCommerce companies to work out payment plans for customers.
With Partial.ly, an online company doesn’t have to lose customers because something is ‘too expensive’. A payment plan can be worked out which suits each customer. Never lose a customer again because of a tight financial situation. Just use partial.ly and work it out.
This tool is an alternative to Venmo for Business, Square Payments, Amazon Pay or Stripe Payments, Braintree or Payoneer among others.
Partial.ly is an Stripe partner and to work with them you will need an Stripe account.
Let’s have a look at some of the features of this automated payment plan software:
You can schedule payment plan payments and bill them automatically to your customers.
No manual interaction required.
Customize customers payment plans
Offer payment plan terms to your customers so they can customize their payment plans within the limits that you set.
Flexible manual payments
You can process a payment or process a custom payment early and the remaining payment schedule will be adjusted automatically.
Payment plan control
You can set:
- payment frequency
- payment term
- additional fees
Automate your emails to the clients
You can customize and automate every payment plan activity to your merchants and customers.
Automatic deposit on your bank
Monitor your payment performance in real time and cash it directly to your bank account.
Integration with third party softwares
Partial.ly integrates well with many other Internet platforms, including eCommerce sites like:
Same pricing across all currencies
Partial.ly charges the same fee worldwide.
More than 135 currencies are supported.
Partial.ly is available in 25 countries:
- United States
- New Zealand
- United Kingdom
There is a good level of customer support here:
- For merchants: companies doing business with Partial.ly can get B2B (business to business) support
- For customers: customers using Partial.ly payment plans can avail of B2C (business to customer) support
The Support Team is on live chat on Eastern Standard Time from 9 am to 9 pm Monday to Friday.
Pricing & Trial Period
As mentioned, Partial.ly works in countries in which Stripe accounts are available. The quoted and official price is 5% for all transactions plus USD$0.30.
Pricing features include:
- Partial.ly pays your Stripe fee
- Sign-up is, no credit card details necessary
- There are no monthly costs or fixed prices.
- Pricing is the same across all currencies
A free trial is available but that’s subject to the individual customer’s relationship with Partial.ly.
As an ecommerce consultant I often offer this kind of tools when a customer has payment problems. It’s pretty usual if you work with high ticket or average order value ecommerces in verticals such as technology, furniture or home appliance.
But, in my experience over the years I realised that partial payments always increase your conversion, no matter what the average of the order is. I’ve seen customers purchasing a product using a partial payment plan just for $60, so you don’t need a high ticket product to use Partial.ly.
After trying Partial.ly for a while, this is my impression. I think when it comes to credit control, many online entrepreneurs are not as talented as they are in marketing or in the skills or products they sell, and this tool makes this subject easier for them.
Finance is not everyone’s favourite subject. Partial.ly has made it possible for me to offer my customers a payment plan for up to three months. So for me at least, there’s no need to lose customers over price anymore. There’s no need to lower prices to attract customers either, which is great. When things go according to plan, it’s all good.
On the other hand, Partial.ly is not insured, which is not so great if you ask me. So sometimes when one of my customers using a Bank card files a chargeback, they get to keep the product without payment. So I lose money. I guess you have to take a chance sometimes, but you have to be a little discerning when offering a payment plan. Partial.ly should look into getting insurance, I feel.
- Number of features
- Learning curve
- User friendly