Invoice and installment payments are great ways to increase the freedom of choice for your customers and these forms of payment have become increasingly popular, especially for unexpected expenses and larger purchases.

Because of this, offering invoice payments can help you even out sales over the month and increase your total sales.

Bambora, in collaboration with Collector, has developed a smart billing solution for stores and e-commerce that makes it easier than ever to offer invoice payments to your customers.

How it works

• When it's time to pay the customer chooses the invoice alternative in the card terminal or the online checkout. Customers can also choose installment payments in the online checkout.
• The customer enters their personal identity number and verify their identity. The verification can be done with a regular ID in-store or with an electronic ID like BankID.
• Collector performs a quick credit check that only takes a few seconds and then the customer is notified if the purchase is approved or not. After this the purchase is finished and you, the merchant, get your money just as quickly as with a card transaction.
• The invoice is sent by Collector directly to the customer who can choose to either pay the full amount in 14 days or pay it off in installments for up to 24 months.