A Splitit and PYMNTS Intelligence report finds that 78% of merchants intend to improve, or are currently improving, their ability to accept these payments. 48% merchants point out fewer declined transactions and faster processing times as benefits of card-attached installments, while 44% acquirers highlight greater transparency in payment processes. Additionally, while nearly one-third of merchants anticipate increased consumer spending with general-purpose credit card installments, 76% expect a rise in consumer usage of card-attached installment plans. The survey reveals significant disparities between merchants and acquirers regarding installment plans, including consumer preferences and timing of offering options. While 50 % of acquirers claim to support general-purpose credit card installment plans during checkout, analysis shows it’s closer to 8%. Additionally, 30% of merchants believe consumers prefer early payment option disclosure, but 66% of shoppers want to see options before deciding. Only 4% of merchants offer pre-checkout installment plans, missing out on potential sales boosts and competitive advantages, according to 100% of surveyed merchants aiming to implement pre-checkout plans. Enhancing payment systems to accommodate more credit-card-based installments and offering transparent payment options earlier in the buying process can optimize sales and enhance customer satisfaction.
The pop-up shop may not be the novel trend it once was, but brands are still using the buzz-generating model to create real-world connections with customers without the cost and commitment of opening longer-term stores. One of the ways brands are looking to create these in-person experiences is by offering limited-time restaurants, bars and cafés. Dove will host the #DoveDeluxeBar, a two-day pop-up experience in New York City at Dante West Village, a beloved New York institution. The Deluxe Bar will immerse guests in the sensorial world of NEW Dove Plant Milk Cleansing Bars and the key ingredients that inspired each delicious fragrance. Dove partnered with award-winning Dante mixologist Renato Tonelli to curate premium shower cocktail & mocktail recipes to be served on-site, each inspired by the four Dove Plant Milk Cleansing Bars.