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Why Installment Plans Aren’t Just for Millennials Anymore

When pay-through-installment services began barreling through retail last year, they dramatically impacted the credit card market. But the latest evolution of payment alternatives could change the way consumers — and companies — pay for goods even more. The most successful payment service firms offer similar promises to consumers: Pay 25% upfront for purchases, receive the item and then pay the balance over three additional, interest-free installments. But such sameness among top companies has created confusion for consumers — they either have to use the service their favorite retailer has partnered with or none at all. It also forces shoppers to keep track of and make payments toward multiple accounts.   Related The B2B Market Can Now Tap Into Installment Payments...

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