Are you looking to offer customers a more flexible payment option when shopping from your online store? If so, you may be interested in learning about Shopify’s split payment feature. Split payment allows customers to divide the cost of their purchase into two or more payments. This article will discuss what split payment is, how it works on Shopify, and how it can benefit both your customers and your business. We’ll also provide some tips for setting up split payment on Shopify and help you decide if it’s right for you. Read on to learn more!
What is split payment?
Split payment is a type of payment where the total amount owed is divided into two or more payments. This can be useful if you’re unable to pay the full amount upfront, or if you want to spread the cost of a purchase over time.
Shopify online stores have the option to enable split payment at checkout. This allows customers to enter their credit or debit card details and split the total amount owed into two or more payments. The first payment will be taken immediately, and the remaining payments will be taken at regular intervals that you specify.
If you’re using Shopify Payments, there are no additional fees for using split payment. However, if you’re using a third-party provider, they may charge a fee for each transaction. Be sure to check with your provider before enabling this feature.
How to do split payment on Shopify online
If you’re selling products or services online through Shopify, you may want to offer your customers the option to split their payments into multiple installments. There are a few different ways to set up split payments on Shopify, and in this article, we’ll walk you through each method so you can decide which is best for your business.
To get started, you’ll first need to choose a Shopify payment gateway that supports split payments. We recommend using either Stripe or Braintree, as they both offer this feature. Once you’ve chosen a payment gateway, you can follow the instructions below to set up split payments on your Shopify store.
If you’re using Stripe:
1. Log in to your Shopify admin and go to Settings > Payments.
2. Under Accept credit cards, click Change gateway.
3. Select Stripe from the list of available gateways.
4. Click Activate to finish setting up your account.
5. Once your account is activated, go to Settings > Payments again and click Edit for Stripe.
6. Scroll down to the Split Payment Settings section and check the box next to Enable Split Payment Processing.
7. Enter the number of installments you want customers to be able to pay in (we recommend 2 or 3).
8. Click Save changes when finished.
How to set up split payment on Shopify online
If you’re selling products or services online through your Shopify store, you may want to offer split payment as an option to customers. Split payment allows customers to pay for their purchase in two or more installments, rather than in one lump sum. This can be helpful for customers who need to budget for their purchase, or who simply prefer to spread out their payments.
To set up split payment on your Shopify store, you’ll first need to install the Splits app from the Shopify App Store. Once installed, you can configure the app to suit your needs. For example, you can specify the number of installments customers can choose from (two, three, four, etc.), as well as how those installments are structured (equal payments over time, or a larger initial payment followed by smaller subsequent payments).
Once you’ve configured the Splits app to your liking, it will automatically start offering split payment as an option to customers at checkout. If a customer chooses to pay using split payment, they’ll see a breakdown of their installment plan before they finalize their purchase. And that’s all there is to it! Setting up split payment on your Shopify store is quick and easy with the Splits app.
Conclusion
In conclusion, Shopify online does offer the ability to do split payments for customers. This is a great option for those that need flexibility when it comes to making purchases on their website and can help ensure customer satisfaction with easy payment options. If you are considering using Shopify as your ecommerce platform, be sure to explore the features available in terms of split payments.
