Fiserv has announced that retailers can now enable customers to pay for their purchases with interest free instalment payments.
According to the press release, retailers using digital commerce technology from Fiserv can now enable customers to 'Buy Now, Pay Later' with interest-free instalment payments via QuadPay. Therefore, Fanatics, the global company for licensed sports merchandise, will enable customers to pay in instalments through digital commerce technology from Fiserv in relationship with QuadPay.
Moreover, Fanatics customers can use instalment payments when shopping across the company’s owned roster of online stores, including Fanatics.com, FansEdge.com, SportsMemorabilia.com and international properties, or via the Fanatics mobile application by choosing QuadPay as a payment option during checkout. Additionally, Fanatics customers paying with QuadPay will be able to split payment into four interest-free installments spread over a six-week period, giving them the flexibility to budget purchases.
Overall, to meet the growing demand for BNPL options, Fiserv is making instalment payments available through the commerce-enabling solutions it provides to merchants.
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