Instalment sale

      Instalment sale


        Article summary

        Instalment sales allow e-shop customers to decide on the number and amount of instalments in which they will pay the purchase price. The merchant will receive a confirmation of payment immediately and we will also remit the full value of the order within the standard time.

        We offer instalment sales in cooperation with Cofidis.

        Cofidis

        The minimum total value of the purchase for the Cofidis instalment payment method is CZK 2,000, the maximum value is CZK 50,000.

        The customer can set the repayment period to 6, 12, 24 or 36 months.

        Payment process from the payer's perspective

        1. The payer first selects the Purchase by instalment method on the payment gateway.


        2. In the next step, the payer selects Purchase in instalments (Cofidis Pay).


        3. Most of the parameters from the e-shop order are automatically entered into the form. The customer fills in "Type of goods" and selects "Number of instalments" from the menu.


        4. In the next step, the payer uploads a scan of the document (front and back) in .jpg or .png format with a maximum size of 5 MB.


        5. The ID card data is loaded into the "Personal data" tab (not editable). The rest is filled in by the payer.


        6. On the Income and Expenses tab, the payer fills in Source of income, Employed since, Working hours, Employer name, Employer ID, Net pay, Total monthly expenses and Number of dependent children.


        7. The next step is to summarise the expenditure.


        8. The following are consents to the Provision of a Copy of the OP, Processing of Personal Data and Consent to Disclosure of Personal Data.


        9. If the request is approved, the payer will receive a confirmation. The payer then ticks a checkbox to confirm that he has read the document and the information matches. He signs the contract using the code from the SMS message.



        10. The provider sends the signed contract documentation to the payer by email.


        11. If the evaluation of the repayment request is unsuccessful, the payer will go back to the payment gateway interface where they can choose another payment method.


        Cofidis Pay payment process (Cofidis video):

        ESSOX

        The minimum total purchase value for the ESSOX Installment purchase payment method is CZK 2,000, the maximum value is CZK 500,000.

        The customer can choose the repayment period from 6 to 72 months.

        Payment process from the payer's perspective

        1. The payer first chooses the Purchase by instalment method on the payment gateway.

        2. In the next step, the payer selects ESSOX Instalment Purchase.

        3. Personal details and contact information are automatically retrieved from the e-shop, checked and confirmed by the payer.

        4. In the next step, the payer selects the category of goods and chooses the repayment parameters.

        5. The payer then provides information on the source of his/her income and additional information such as number of dependent children, type of housing, etc. 

        6. This is followed by the selection of the type of consumer credit contract to be signed and the documents the payer will use to verify his identity.

        7. The documents can be uploaded directly from the device on which the payer is working, or they can use a QR code that they scan into their mobile phone.

        8. In the next step, the payer confirms the accuracy of the documents and the chosen form of signature. 

        9. The last step is to sign the contract (via SMS, physically with courier delivery or directly at the shop).

        ESSOX Instalment Purchase payment process (ESSOX video)

        Home Credit

        The minimum total purchase value for the Home Credit Installment purchase payment method is CZK 1,000, the maximum value is CZK 100,000.

        The customer can choose the repayment period from 10 to 72 months.

        Payment process from the payer's perspective

        1. The payer first chooses the Purchase by instalment method on the payment gateway.

        2. In the next step, the payer selects Home Credit Installment Purchase.

        3. The customer will then be redirected to the Home Credit website, where they will complete and conclude the loan agreement. 

        4. Once the agreement is successfully closed, the customer will be redirected back to the Comgate payment gateway.

        Example of closing a Home Credit loan agreement

        Please note that the steps may vary depending on the actual information entered by users.



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