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E-commerce vocabulary · Payments and Fraud Prevention

Installment

Meaning in e-commerce, with examples

/ɪnˈstɔːlmənt/nounCore term

In e-commerce, installment means: One of several smaller payments that together make up the full price, so the customer pays over a number of weeks or months instead of all at once.

In Turkish: taksit, taksitli ödeme

How it is used

Customers pay in installments; stores offer installment options at checkout, sometimes 'interest-free'. In Turkey, credit card installments are a standard checkout feature, and the number of installments allowed can be limited for some product categories.

Example sentences

  1. Customers can pay for the sofa in six interest-free installments.

  2. Our international payment provider doesn't support card installments, so we use a local one too.

Common collocations

  • pay in installments
  • installment options
  • interest-free installments
  • monthly installment
  • number of installments
  • payment methodA way a customer can pay for an order, such as a credit or debit card, bank transfer, digital wallet or cash on delivery.
  • buy now, pay laterA payment option offered by a financing provider that lets customers receive an order now and pay for it later or in a few smaller parts, often without interest if paid on time.
  • payment gatewayA service that securely sends a customer's card or other payment details from the online store to the banks and returns whether the payment is approved.
  • checkoutThe final steps of buying online, where the customer enters an address, chooses delivery and payment, and places the order.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Payments and Fraud Prevention

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