In Yandex Pay there is a payment in installments, no commission for the buyer

The Yandex team announced the launch of a new service in the Yandex Pay payment system. The updated Yandex Pay Checkout feature now allows you to pay for orders in installments.

As the developers note, this will allow customers to buy the thing they want, even if they do not have the entire amount at once, and online stores – to increase the average check and sales.

To implement the innovation, the developers integrated Yandex Pay Checkout with the service Yandex.Split, which allows you to pay for orders in installments. The first one is deducted from the card at once, and the other three are paid in equal installments every two weeks. In this case the store receives the entire amount at once and pays a small commission. There are no commissions or interest for customers.

Yandex Pay Checkout itself is a payment solution for quick checkout, first launched by the company last fall. When placing an order, a person does not need to manually enter their name, address, phone number, and so on – they are automatically pulled from their Yandex account (Yandex ID) along with their bank card data;

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