As a merchant, providing flexible payment options is key to increasing conversions and reducing cart abandonment. However, the costs associated with processing and managing payment plans can eat into your profits. With Partial.ly, you don’t have to absorb those costs—our platform allows you to add checkout fees to your payment plans. By adding a checkout fee to cover things like the processing fees for Partial.ly and Stripe, you can keep more of your revenue.
Why Passing Fees to Customers Makes Sense
Offering payment plans is a great way to attract more customers and increase average order values. But processing fees can add up, cutting into your margins. By integrating checkout fees to offset the costs for Partial.ly, Stripe, etc, you can provide customers with flexible financing options while protecting your profits. This approach ensures that you can offer valuable payment solutions without sacrificing your bottom line.
Customers benefit from easy, automated payment plans, and you maintain profitability—it's a win-win situation.
How to Add Checkout Fees to Your Offer
When creating your offer, you will see the option to add a checkout fee:
This fee can be a fixed amount or percentage of the total due. For example, you can add a 5% fee to the offer:
This fee will be added to the total, which is then divided into payments according to the offer's payment terms.
Keep Customers Informed
Transparency is key when implementing checkout fees. Clearly communicate any additional charges upfront so customers understand the cost breakdown. Consider updating your FAQ page and plan contracts to explain the purpose of the fee and how it supports the availability of flexible payment options.
Maximize Your Revenue with Partial.ly Today!
Partial.ly helps businesses grow by making payment plans easy and accessible. By adding checkout fees to your plans, you can continue to provide financing options while protecting your profit margins.
Ready to optimize your payment strategy? Register for Partial.ly and enable checkout fees today!