In this article, we'll explain how to activate Financing (Hire Purchase) and Pay Later from Montonio's Partner System.
Activation
All Montonio services are shown under "Store" --> "Products" in the Partner System.
Activating Financing (Hire Purchase) and/or Pay Later (BNPL) requires agreeing to our Terms & Conditions. No additional information is required
💸 The pricing of these services
Financing (Hire Purchase) doesn't incur any additional charges for your online store. The end-user receives a loan from the financing institution with monthly paybacks. You receive the money for the order during the next few business days.
Pay Later (BNPL) has a transaction fee associated with each order that is paid using this payment method. You receive the money for the order during the next few business days but will also receive an invoice from Montonio at the beginning of the next month.
Once you have activated the service, you can immediately start using it. Here's our guide on how to set up these payment methods either through our API or popular e-commerce platforms.
When are Financing order payouts paid out to my account?
Usually takes within and up to 8 working days.
If you have additional questions and need our help, feel free to contact our support team via the chat in the bottom right corner.