Do you think it’s a good idea for new startups to allow installmental payments?
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Allowing installment payments can be a smart move for new startups, especially if the product or service is relatively expensive or targets budget-conscious customers. It lowers the barrier to purchase and can help attract more buyers early on. However, it also brings risks like delayed cash flow anRead more
Allowing installment payments can be a smart move for new startups, especially if the product or service is relatively expensive or targets budget-conscious customers. It lowers the barrier to purchase and can help attract more buyers early on. However, it also brings risks like delayed cash flow and potential payment defaults which can hurt a young business with limited reserves. So, it’s a good idea only if the startup has a reliable system to manage payments and enough capital to handle slower revenue collection.
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