When you buy installments in Czech e-shops today, you can usually do without printing and sending a signed loan agreement. Because of the speed you may want to visit a stone shop. This could change next year with Paylee’s payment gateway. The service will enable complete credit processing over the network.
A customer who arrives at a large store for hire-purchase can do everything within 5 minutes. When he knows which product he needs, he goes to the checkout, prints a credit contract there, and can take the goods home. In the virtual environment it is not yet possible, but a small revolution in installment payments in Czech e-shops would be launched by Paylee payment gateway.
Credit processing and client assessment will take place online
The exact details of the planned news, which will simplify the hire purchase in e-shops, are fine-tuning. Naspers, which operates the Pay gate, discusses them with banks that will provide loans. Everything should be done through a few clicks, from assessing the client’s ability to repay the loan to arranging the consumer loan itself.
Online payments are successful in the Czech Republic
Czechs like to pay by “clicking on the Internet”. This is confirmed by the overall results of the Paylee payment gateway in the Czech Republic. Its turnover in the fiscal year 2013/2014 amounted to 3.76 billion crowns, which represents a year-on-year increase of 88%. Paylee’s transactions have increased to 4 million and are currently used by more than a million unique online shoppers. In total, Paylee provides payment services to companies that make up 38% of the online retail market in the Czech Republic.
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Especially the cards, which make up more than half of the volume of online payments in Czech e-commerce, are very popular. Interest in online card payments is visible, for example, in the service segment – cards cover up to 70% of all online payments for online services. Overall, the online payment service segment is growing fast.