Giving people an easy option to split payments at checkout discourages customers from skipping out before checking out online. “If you have the option to split payments into five installments, you are much more likely to buy the $2,000 one. James Allen jewelers, for example, offers the Splitit option for purchases over $10,000. This is the decision point which is especially good for luxury retailers,” Don adds. One day it will be installments with Splitit,” Don confidently predicts.

Source: Forbes February 09, 2019 14:03 UTC