This idea of payments plans/deferred payments seems very similar to how credit cards already operate. However, I could see this being viable if you offer low interest rates (I assume you'll have interest) and if your yearly membership fee is reasonable (I assume there is a fee).

Personally, I don't think I would use it. I prefer to spend within my means, and I have a credit card otherwise.

Good luck on your startup; it seems like this will be quite a large undertaking as you will be essentially acting as a credit company.

Thanks for comment... I hoping to do something similar to QVC and HSN'S easy pay... but your right it might be similar to a credit card which would be hard to implement so it might be better to start an online store on my own

Okay I think I see. So you're making a service like HSN's FlexPay, but this service will be available on any retail sites that opt-in to your service for payments. That sounds doable as long as you get retailers on board.

exactly...is the landing page not explaining this concept fully?

Just curious...will you be paying the retailers up-front and dealing with the customers or just be a middle-man and the retailers receive payment as the customer pays?

I would be the middle man but I would have a contract with retailers where if customers did not pay then I would pay their part and that customer would be ban from the site...my thought is retailers would feel more comfortable if it less of a risk for them also customers would only be able to do one payment plan at a time to decrease the risk on my side

I wouldn't use it personally, but it might be useful for some.

thanks for taking the time to leave a comment

NP - Good luck!