Implementing partial payments can be a strategic move to attract a broader audience. Here are some reasons why this method can be advantageous:
Increase Affordability: By breaking down the total cost, you make your products or services more accessible to a wider range of customers. Reduce Cart Abandonment: Customers are less likely to abandon their cart if they see an option to pay in installments. Boost Conversion Rates: The flexibility of partial payments can lead to higher conversion rates.