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How To Use Square Installments To Offer “Buy Now, Pay Later” Options For Your Customers

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Emily Hale

Emily Hale

Emily is a Content Strategist based in Indianapolis. She enjoys discovering new topics and planning content that empowers small business owners to make better choices for their businesses. When she's not in the thick of doing research for Merchant Maverick, she likes painting, meandering through nature and spotting wildlife, or relaxing with her rescue pup, Jetta.

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2 Comments

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    Jeff

    Good information. Do you know what the interest rates are generally? What term lengths can the customer choose? Can the business owner set the term length? For example, I sell a one or two year membership, can I limit the term to 12 or 24 months max?

      This comment refers to an earlier version of this post and may be outdated.

      Dakota Fillet

      Hi Jeff,

      Our understanding, based on a quick search on Square’s website, is that the customer applies and is offered an APR based on their creditworthiness, just like any other sort of line of credit, and then they are offered a choice to pay over 3, 6, or 12 months. The merchant does not have any say in the matter because it’s for the customers to choose.

        This comment refers to an earlier version of this post and may be outdated.

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      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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