The QuadPay app allows consumers to split any purchase into four payments, each of which is interest-free. This allows users to make instant purchases and pay over time. The app does not require users to undergo a hard credit check. The app is live on the QuadPay website and users can currently make purchases on the platform. The four payments can be made over the course of six weeks or three pay cycles.
Users of the app can split in person or online purchases into four payments anywhere that Visa cards are accepted. This includes a large number of retailers across many industries including KITH, Supreme, Palace, Flight Club, StockX, Gucci, Nike, and adidas. Mobile purchases on Google Pay and Apple Pay can also be made using the platform.
Cost-Splitting Payment Systems
The QuadPay App Allows Users to Split Purchases into Four Payments
Trend Themes
1. Cost-splitting Payment Systems - The trend of cost-splitting payment systems allows consumers to divide purchases into multiple interest-free payments, providing convenience and affordability.
2. Instant Purchase and Pay Over Time - The trend of instant purchasing and paying over time enables consumers to make immediate purchases and spread out payments, offering flexibility and financial ease.
3. No Hard Credit Checks - The trend of no hard credit checks in payment systems allows users to access financing options without impacting their credit score, providing more accessibility and inclusivity.
Industry Implications
1. Retail - The retail industry can leverage cost-splitting payment systems to attract more customers, increase conversion rates, and boost sales.
2. Fashion - The fashion industry can benefit from instant purchasing and paying over time by attracting more budget-conscious consumers and encouraging them to make larger purchases.
3. E-commerce - E-commerce platforms can utilize cost-splitting payment systems to offer a convenient and flexible payment solution, leading to increased customer satisfaction and loyalty.