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Pay Over Time is not a new concept since several big purchase decisions are backed by an option to pay for them over a set period. Earlier known as an EMI, Pay Over Time is a valuable payment model that helps businesses grow and improve the user experience for their customers.

Pay Over Time allows buyers to purchase what they want without worrying about paying for it all at once. From healthcare services to education to home improvement, Pay Over Time plays a key role in growing numerous businesses.

This blog discusses everything you need to know about Denefits’ Pay Over Time feature and its multiple benefits for your business and customers. 

What is Pay Over Time?

Pay Over Time allows customers to make big purchases and make payments over a set period. 

For instance, you want to renovate your house but can’t afford to pay for it all at once. A home improvement services provider using Denefits can offer you the Pay Over Time option, which is beneficial for both.

Benefits of Pay Over Time

Pay Over Time offers a myriad of benefits to businesses and customers alike. Let’s take a look at them.

Benefits of Pay Over Time for Customers

1. Budget-Friendly Option

Pay Over Time makes it easy for customers to afford expensive services without worrying about their budget. It boosts their purchasing power, prompting them to make quick purchase decisions. Instead of paying for something all at once, it creates room for them to keep their expenses well within budget.

2. Flexible Payment Options

The Pay Over Time feature by Denefits allows customers to choose how they’d prefer to pay for the services. This flexibility in payments enhances user experience as they get much-needed customer satisfaction. This holds especially true in the case that credit debt is at an all-time high in the U.S. as more people are looking for alternate payment methods so that they don’t have to worry about their credit debts.

3. No Credit Check

Unlike a typical credit/loan mechanism, Pay Over Time by Denefits doesn’t run credit checks. It means customers can access essential services without worrying about the eligibility criteria. They won’t need to lose their sleep over getting their accounts undergoing a hard credit check.

4. Guaranteed Customer Financing

Denefits takes Pay Over Time a step ahead of the standard procedures. With no credit checks and flexible payments, it makes sure customers get assured financing without sweating over whether their application will be accepted or not. Assured finance & Pay Over Time facility along with flexible payment plans allow customers to get the services they need when they need them.

Benefits of Pay Over Time for Businesses

1. More Outreach

The Pay Over Time feature allows you to maximize your outreach by offering your customers a viable option to buy things they want. It’s a simple and hassle-free option that takes precedence over traditional purchase methods. It gives more purchasing power to your customers, creating a business opportunity for you to tap into quickly.

2. Higher Average Order Value

Since Pay Over Time lightens the payment burden, it allows your customers to buy more at one time. Thus, it plays a vital role in increasing the average order value of their purchases. With the transparent and no-hidden charges Pay Over Time feature from Denefits, you can retain more customers than ever before.

3. Lower Cart Abandonment Rates

Generally, the biggest reason behind an abandoned cart is the hefty price tag attached to it. With Pay Over Time, your customers have the assurance that they can buy the services and pay for them eventually. As a result, they don’t hesitate before making the purchase decision, which lowers the cart abandonment rate significantly. This further helps you improve your bottom line.

4. Assured Payments

Denefits brings you Pay Over Time with the added advantage of assured payments. It ensures that you get your payments on time, every time. This takes away your worries of customers delaying or missing their payments because Denefits streamlines it all for you.


By now, you must have understood that Pay Over Time by Denefits is one of the best options for your business to attract and retain customers as you both get to enjoy the benefits of this feature. 
Sign up with Denefits today to grow your business and become a leading brand in your industry, or request a call back to learn more.