In this collaboration, clients will be able to make purchases using their credit cards in installments over four interest-free months while utilizing their available credit limit. This partnership aims to enhance the customer experience by providing them with more manageable payment solutions.
Adumo’s point-of-sale devices will support Float’s secure and responsible credit card payments, making it easier for customers to manage their finances. Retailers can now offer this flexible payment method to a wider range of shoppers.
The Benefits of the Partnership
This alliance is expected to significantly boost retailer revenue by encouraging larger transactions through installment payments. By offering clients the ability to pay in installments, Float and Adumo are enabling retailers to process higher average order values while also increasing conversion rates.
Shoppers will be able to initiate a payment at checkout using Float on an Adumo terminal. They can verify their identity with a one-time pin, make an initial 25% upfront payment on their credit card, and the balance will automatically be divided into three monthly installments. This approach allows customers to spread payments over time without incurring additional interest.
Merchants will benefit from larger transaction values and improved sales conversion rates due to this partnership. Float’s presence through Adumo’s devices ensures that credit card holders have access to installment-based payment options, fostering a more flexible shopping experience for consumers while supporting robust sales growth for retailers.
