Get paid in full while you let your customers pay in 4 installments. Pay later payment options mean shoppers visit your store more often. More visits lead to increased customer lifetime value (i.e. more sales).
Use MONEI’s payment gateway to integrate Cofidis into your e-commerce website so you can offer your customers installment payments at checkout.
MONEI’s payment gateway solution lets you accept many payment methods in a single platform. Our partnership with Cofidis, Spain’s trusted instant credit company, allows shoppers to pay in 4 installments.
The first payment takes place at the time of purchase and consecutive transactions happen automatically 30, 60, and 90 days after the initial payment.
You’ll get paid upfront while your customers enjoy shopping now and paying later in 4 monthly installments. Cofidis pays you the entire order value when the order is placed — you never have to worry about chasing customers for money.
In 2020, the use of installment payment options grew by 55% in Spain. Cofidis is known and trusted by many. Improve customer satisfaction and keep shoppers coming back to buy more by giving people the option to pay in 4 monthly installments.
After you configure the Cofidis payment method for your e-commerce store, customers can select installment payments at checkout.
For shoppers, the checkout process is simple: they only have to provide their personal ID and it takes less than 3 minutes to complete the online application.
Cofidis installment payments are eligible for purchases between €75 and €1,000.
Fees for consumers are calculated based on their total order value, and your fee is always 4.25% per transaction (MONEI transaction fees are separate).