{"id":4875,"date":"2020-05-13T16:12:53","date_gmt":"2020-05-13T16:12:53","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4875"},"modified":"2021-06-15T16:36:31","modified_gmt":"2021-06-15T16:36:31","slug":"quadpay-partners-with-stripe-for-installment-payments","status":"publish","type":"post","link":"https:\/\/infinicept.com\/payment-facilitator\/archive\/quadpay-partners-with-stripe-for-installment-payments\/","title":{"rendered":"QuadPay Partners with Stripe for Installment Payments"},"content":{"rendered":"\n<p><strong>The practice of incorporating installment payments into the point of sale just got a boost. Leading commerce platform and payment facilitator <\/strong><a href=\"https:\/\/stripe.com\/\"><strong>Stripe<\/strong><\/a><strong> recently announced a partnership with <\/strong><a href=\"https:\/\/www.quadpay.com\/\"><strong>QuadPay<\/strong><\/a><strong>, which bills itself as a payment installment platform.<\/strong><\/p>\n\n\n\n<p>Users of the service can receive up to a $500 balance on a virtual card on their phones, which they can use online or in-store with Apple Wallet or Google Pay at Visa-participating merchants, the companies said in a <a href=\"https:\/\/stripe.com\/newsroom\/news\/quadpay\">press release<\/a>.<\/p>\n\n\n\n<p>The purchase is then split into four interest-free installment payments. Retailers are paid the full amount when the first installment is paid by the consumer, the companies said.<\/p>\n\n\n\n<p>The new capability is built on the Stripe Issuing infrastructure. The partnership with Stripe enabled QuadPay to brings its installment payment product to market more quickly, compared with requiring merchants to work with the company separately.<\/p>\n\n\n\n<p>\u201cStripe Issuing is helping QuadPay rapidly launch an installment offering to attract more customers, boost conversion rates and increase basket sizes. It\u2019s core to how they differentiate their product.\u201d Jeanne DeWitt Grosser, head of North America Revenue and Growth at Stripe, said.<\/p>\n\n\n\n<p>\u201cIssuing is unlocking new kinds of users for Stripe. We\u2019re seeing adoption across industries we couldn\u2019t have anticipated, from buy-now-pay-later apps and car sharing platforms through to fertility benefit services. In fact, there\u2019s hardly a modern business for which Issuing doesn\u2019t make sense.\u201d<\/p>\n\n\n\n<p>According to the announcement, retailers who wish to integrate the QuadPay option have the potential to increase conversion rates by 20% and average ticket by up to 60%.<\/p>\n\n\n\n<p>\u201cWith Stripe we\u2019re making it easier for brands to access more consumers,\u201d Brad Lindenberg, CEO of QuadPay, said. \u201cAnd for consumers, the beauty of it is that it doesn\u2019t matter where you shop\u2014at any brand, online or offline\u2014QuadPay gives you the flexibility to spend how you want.\u201d<\/p>\n\n\n\n<p>Stripe introduced Stripe Issuing in 2018 as a self-serve way for businesses to instantly create physical or virtual cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The practice of incorporating installment payments into the point of sale just got a boost. Leading commerce platform and payment facilitator Stripe recently announced a partnership with QuadPay, which bills itself as a payment installment platform.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[410,643,846,847,951],"class_list":["post-4875","post","type-post","status-publish","format-standard","hentry","category-archive","tag-installment-payments","tag-payment-facilitator","tag-stripe","tag-stripe-issuing","tag-visa"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4875"}],"version-history":[{"count":1,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4875\/revisions"}],"predecessor-version":[{"id":6906,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4875\/revisions\/6906"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}