Partial.ly is an online payment platform used by online stores to manage installment payments for customers.
With Partial.ly, you forget about losing sales because something is “too expensive.” A payment plan can be worked out to suit each customer.
Partial.ly is a Stripe partner, so to work with them you will need a Stripe account.
This tool is a very good alternative to others like:
- Square Payments
- Amazon Pay
- o Payoneer among others
Let’s take a look at some of the features of this payment deferral software:
You can schedule your customers’ deferred payment plan payments and bill them automatically.
No manual interaction is required.
Customize customer payment plans
Offer different payment plan terms to your customers so they can customize them from the limits you set.
Flexible manual payments
You can process a payment or process a custom payment in advance and the remaining payment will be adjusted automatically.
Payment plan control
You can configure:
- payment frequency
- payment time
- extra fees
Automate your customer emails
You can customize and automate all the messages that are sent during the time that the payment terms are active.
Automatic deposit in your bank
Monitor your payment performance in real time and charge it directly to your bank account.
Third Party Integration
Partial.ly integrates well with many other platforms:
Same rate for all currencies
Partial.ly charges the same rate worldwide and supports over 135 different currencies.
Partial.ly is available in 25 countries:
- United States
- New Zealand
- United Kingdom
- For ecommerce: businesses can get B2B support
- For customers: B2C (business to customer) support is available for customers using Partial.ly payment plans
The support team is available via chat from 9AM to 9MP Monday to Friday.
Prices and trial
As mentioned above, Partial.ly works in countries where Stripe accounts are available.
The official price is 5% for all transactions plus $0.30
Price features include:
- Partial pays your fee
- Registration is free for online shops and you do not need to enter your credit card details
- There are no monthly costs or fixed prices.
- The price is the same in all currencies.
A free trial is available.
I often offer this type of tool when a customer has conversion problems because their products have too high a ticket. This often happens in product verticals such as technology, furniture or appliances.
From my experience, I know that installment payments work very well at the conversion level and that most times the average ticket does not matter. I have seen customers buy a product using a payment plan for only $60, so you don’t need a high cost product to use Partial.ly.
I think that when it comes to controlling the credit you give your customers, many sellers have no idea what the best terms are, the ones that will generate the most conversion or the risk of offering this type of payment. This tool makes this issue easier for them.
Finance is not everyone’s favorite subject. Partial.ly allows you to offer a payment plan of up to three months to your customers.
Partial.ly is not insured and that’s a problem. That means that there may be orders made with a bank card that will generate a return and the product will remain unpaid.
- Number of features
- Learning curve
- User friendly