There are several forms of payment plans but the most known and used form is cash payment. Yet, not every product requires cash payment, and definitely, not every transaction. You can acquire loans to pay for goods if you are cash-strapped or pay by installments over days or months.
Installment payment allows you to fund products within a given time and over a set period with the products being yours after your first installment. Reviews shared on Collected.Reviews divulge how this payment plan is lesser-known due to how customers compare it to loans. Yet, there are differences. You should read opinions on getting a loan to understand the distinction between them.
Regardless, if you’ve ever been looking for where to get the best online stores that allow you to pay in installments for goods, here are 5 of the best.
Formerly known as Cadabra, Amazon is one of the biggest and largest 5 companies in the United States in information technology. Founded by Jeff Bezos in 1994 and located in Seattle, Washington, Amazon is into consumer electronics, e-commerce, artificial intelligence, self-driving cars, and digital distribution. Amazon distributes services worldwide and has several subsidiaries. Amazon offers installment payments through Abunda, a platform that allows you to shop several Amazon products and pay later.
A retail shop with over 51 locations spread across the United States, Boscov’s was founded by Solomon Boscov in 1914. The store deals in clothing products, footwear, bedding, furniture, jewelry, beauty products, household goods, toys and games, and any fashion product you can think of. The company boasts of over 5,000 employees and offers installment payment by issuing their very own cards to customers.
Dell is known as an online store that deals in technology and computing products. Dell was founded by Michael Dell in 1984 and displays personal computers, servers, peripherals, phones and smartphones, and televisions. Dell was listed as one of the leading companies in the world and the third-largest vendor for personal computers. Dell offers installment payment through the Dell Preferred Account. When you sign up for the account, you get several benefits including the option to pay in installment.
4. Home Depot:
Founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Kenneth Langone, Home Depot offers services such as plumbing, flooring, home appliances, tools, hardware, paint, garden supplies and plants, and so on. The store provides you with the option to pay in installment through their Home Depot Consumer Credit Card. Through the card, you are allowed up to 24 months of special payment on purchases over $299 or more.
Founded by Bill Gates and Paul Allen in 1975, Microsoft deals in software management, computer hardware, computer electronics, video games, cloud computing, and so on. The company offers installment payment through their Surface All Access Program. This program allows you to finance purchases by installment for 24 months on their product bundles.
Installment payment is another great choice of paying for goods after cash payment and loan. But it is often overlooked due to misconceptions.