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Payment Plans

Sellers may want to support sale models where buyers commit to multiple split payments over a period of time instead of one single payment. Seller and buyer agree on a staged payment plan that defines the number of individual installment payments, the intervals between them, and the individual payment amounts.

To support staged payment plans for invoices, JustOn Billing & Invoice Management allows for setting up installments, which represent models for intended payment plans.

Applying staged payment plan with installments

In this context, the following topics are relevant: