QuadPay, Stripe work together for instalment model solution

The collaboration is also meant to let consumers start shopping instantly both online and in-store. Built on Stripe’s issuing infrastructure, QuadPay enables consumers to start shopping in instalments anywhere Visa is accepted and powers buy-now-pay-later experiences that boost sales by more than 20% on average.

Moreover, the QuadPay app gives consumers up to a USD 500 balance to spend either online or in-store with Apple Wallet or Google Pay. Consumers are issued with a virtual QuadPay card in their phone to pay for an order that’s then split into four interest-free instalments over six weeks. Via this partnership with Stripe, QuadPay is enabled to accelerate time to market for this new product line. 

Stripe also powers payment acceptance for QuadPay instalments, providing a closed loop experience that helps prevent fraud. Thus, data gathered through instalment payments can be shared across the platform to determine risk thresholds for QuadPay cards and minimise exposure. QuadPay is also using ML-powered fraud tools with Stripe Radar to prevent fraud and manage risk at a granular level. Radar uses metadata to block transactions, and gives QuadPay the ability to manage risk by product, instalment type, and other factors.