Learn about Installment with Interest using NuPay

NuPay for Business is innovating more and more in payment methods and with NuPay it would be no different, we have developed a new installment plan that will add even more value to your sales and will generate more installment possibilities for your customers. 

The installment plan with interest is a way that the customer will have to use the extra limit generated through NuPay and will be able to pay in installments up to 24 times with interest charges. This way the customer has the possibility to receive additional limits far beyond what is possible with a credit card and the whole flow is very simple and intuitive for the customer, besides the debit option having zero cost for those who sell.

 

More options for the customer without complexity for the merchant

• The fee for the merchant is fixed at the same value as the maximum interest-free fee.
• The minimum number of interest-free installments is the same as that offered by the Credit Card.
• Settlement always on D+1.
• No additional implementation effort.
• Interest rate customized to the customer's profile.

Installments	Interest Charged?	Total Rate (MDR + Cost of Capital)
1x	No	1,86%
Above 2x	Yes	1,86%

 

What changes in the reconciliation? 

The reconciliation report will remain very similar to what you are used to, however, we will have the addition of a new column called "Number of Installments" that will return the maximum number of interest-free installments, which serves as a reference for the fees charged in this model.

And in the NuPay for Business Panel, what will change?

Your service team will have access to the number of installments the consumer closed the purchase in the Panel by accessing the Orders tab. As shown in the image below:

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