Wondering why your first instalment payment is bigger?
We now offer the ability to make an additional down payment on purchases above your approval limit for larger orders on purchases that qualify. This allows us to offer higher value purchases using our four-payment instalment plan! We can do this by offering customers to make a down payment in addition to their first instalment payment.
Don't worry, all your instalment payments will be displayed before you complete your purchase so you can make sure the plan is right for you--before you complete your purchase.
How does it work?
In this example, a customer wants to make a purchase totalling $250, but their limit is $200. A convenience fee of $1 per instalment payment is shown and added to the total.
The purchase is split into four payments, the first payment total being $101 which includes the $50 down payment, the $50 first instalment payment and the $1 convenience fee.
Not all purchases will qualify for a down payment.