Frequently Asked Questions

To meet the qualification criteria, all you need to do is log in and create an account. As long as you are a business, you're eligible.

One of the advantages is that you have the flexibility to extend payment terms to clients that align with the preferences of both you and the client, giving you complete control over the decision.

PaymentPlan currently operates in the following countries
Australia, Canada, India, Ireland, Netherlands, New Zealand, United Kingdom and the United States.

We do not conduct credit checks on your customers. As long as your customers have a debit or credit card, they will be eligible and able to distribute their payments, ensuring affordability.

Creating an account is free, and PaymentPlan applies a £1 transaction fee. For instance, if you charge £800 for your goods or services, and the client chooses to pay over 4 months, the total fee we charge you would be £4 in total (4 months x £1 per month).

Certainly, PaymentPlan can be integrated into your website if needed. Feel free to reach out to us directly to discuss how we can facilitate this integration.

We extend the offer of a complimentary legal service to you, if you wish to use it. The purpose of our instalment payment option is to make your goods and services more accessible to clients. Nevertheless, there may be situations where clients encounter difficulties in making payments. In such cases, our system will make multiple attempts to process the payment and notify us if the issue pertains to insufficient funds. If clients continue to be unresponsive to payment requests, we have the option to refer your clients to our legal partner, KLS, at no cost to you. KLS will then take the necessary steps to pursue the outstanding payment on your behalf.

We provide hands on assistance, you can call us, arrange a demo, or email anytime. We go the extra mile as we understand every business person likes to communicate differently and has different needs.

No, our product, PaymentPlan, is not a "buy now, pay later" service. Unlike credit services such as Klarna, which conduct credit checks and lend money to customers, PaymentPlan offers a different approach. When you create a plan using PaymentPlan, your customers have the choice to pay the full amount upfront or opt for a payment plan with predefined installments. In both cases, customers use their credit or debit cards for payment. This unique feature ensures that 100% of your customers can select a payment plan option, as opposed to restricting it only to those who qualify for credit approval.

Stripe's services are designed to make online payments easy, secure, and efficient. They offer a range of tools and APIs (Application Programming Interfaces) that developers can integrate into websites and applications to handle payment processing. Stripe has gained popularity for its user-friendly interface, advanced fraud prevention features, and the ability to handle payments in multiple currencies.

Stripe has become a prominent player in the fintech industry and is used by a wide range of businesses, from small startups to large enterprises, to facilitate online payments and manage financial transactions.

PaymentPlan exclusively integrates with Stripe for a multitude of compelling reasons. Stripe stands out as the foremost choice due to its exceptional features, unmatched flexibility, robust security measures, user-friendliness, global reach, and numerous other advantages in the realm of payment processing. We firmly believe that Stripe is the optimal payment processor for a wide array of businesses across the countries it serves. By aligning PaymentPlan with Stripe, we can provide you with access to advanced functionalities that would be unattainable through most other payment processing solutions. At present, our focus is exclusively on Stripe integration, and while we have no immediate plans to incorporate other payment processors, we remain open to reevaluating this stance when necessary.

To utilize our services, PaymentPlan does not impose any setup fees or subscription costs. We simply charge a £1 fee per transaction. Additionally, Stripe may apply a small fee, which is also transaction-based and depends on the volume of business you generate. It's important to note that Stripe's fee is typically lower than our transaction fee.