The Yandex team announced the launch of a new service in the Yandex Pay payment system. The updated Yandex Pay Checkout feature now allows you to pay for orders in installments.
According to the developers, this will allow customers to buy the right thing, even if they do not have the entire amount at once, and online stores to increase the average bill and sales.
To implement the innovation, the developers integrated Yandex Pay Checkout with the Yandex.Split service, which allows you to pay for orders in installments. The first is debited from the card immediately, and three more – in equal payments every two weeks. In this case, the store receives the entire amount immediately and pays a small commission for this. There are no commissions or interest for buyers.
By itself, Yandex Pay Checkout is a payment solution for quick checkout, first launched by the company last fall. When placing an order, a person does not need to manually enter their name, address, phone number, and so on – they are automatically pulled from their Yandex account (Yandex ID) along with their bank card details.