Why should I use Instalments?

Utilizing instalments can boost sales by making purchases more affordable for customers, increasing their purchasing power. It can also attract new customers who prefer flexible payment options. Additionally, offering instalments can help reduce cart abandonment rates and encourage repeat purchases, ultimately driving revenue growth for your business.

What Instalments options are available for my business?

Here are the instalment options available for your business: 3 months, 6 months, 9 months, 12 months.

What are Urban Ledger Instalments?

Instalments allow your customers to pay for your purchase in multiple smaller payments over time instead of all at once.

How do I enable Instalments with Urban Ledger? Do I need extra steps if I'm already using your services?

To enable instalment options, simply reach out to us at [email protected]. Our dedicated support team will assist you in setting up instalment payment capabilities tailored to your business requirements.

What is the minimum purchase requirement for instalment plans?

The minimum purchase requirement for instalment plans is AED 1000 for each transaction.

How are Instalment payments processed?

Upon successful payment, your customers need to contact their respective banks to convert the transaction into suitable payment plans.

What happens after my customers initiate the Instalments process with their bank?

Your customer's bank will communicate the details regarding the approval of their instalment plan.

Are there any charges for using Instalments options?

Please contact our representative at [email protected] for information on pricing.

Is there any security deposit required for merchants offering instalment options?

Please contact our representative at [email protected] for further information.

How can my customers track their Instalment payments?

Your customers can track their Instalment payments through their bank statements or by contacting their bank directly.

Can your customers prepay their Instalments?

This depends on the terms and conditions set by their bank. Your customer may contact their bank to inquire about prepayment options for instalment plans.

What happens if my customer missed an Instalment payment?

Missing an instalment payment may result in additional fees or penalties imposed by your customer's bank. It's important to stay updated on your instalment plan and make payments on time.