Will installment payments be possible with Twint soon?

class=”sc-3778e872-0 cKDKQr”>

Installment payments are tempting: take the expensive TV with you and pay in installments later. Currently, this model is mainly used online.

This could easily be available in stores with Twint soon. As reported by Radio SRF, the payment service provider is examining a possible offer. Cembra Money Bank is also said to be involved.

Twint has confirmed that it is working on a new proposal with Swissbilling, a subsidiary of Cembra. “It’s primarily about a customer-friendly, transparent modernization of classic account purchasing,” a spokesperson said. Related communication last September said that the new payment solution will be launched this summer. Twint and Cembra are also sticking to this program. However, the duo did not want to reveal more.

Cembra takes risks

Specifically, according to SRF, the new offer should be a “buy now, pay later” service with an installment payment option. Cembra Money Bank bears the risk of default on short-term loans. Credit decisions must be made within seconds.

According to Gregor Mägerle (48), the business wants purchases to be made as quickly and easily as possible. “Paying in installments encourages us to make decisions as quickly as possible without thinking too much about it,” Mägerle says. He is the Head of Debt Prevention Zurich.

But buying on installments is one thing: “There’s always a risk behind it,” says Mägerle. After all, unforeseen things always happen in life – like losing your job or leaving. “You may no longer be able to serve proportions.”

maintaining the overview

With a few installment purchases, there is also the danger of being unfollowed. Therefore, it is important to include installments in the budget. As an additional guarantee, you should always have the money at hand so that you can pay the amount immediately. If this is not the case, it could be dangerous.

Mägerle does not recommend paying smaller amounts in instalments. Debt prevention Zurich does not automatically advise against installment payments. “For example, it makes sense to pay taxes in installments. Concretely, this means that I divide my tax bill into twelve installments and pay it regularly.» But taxes also have to be paid.

Before shopping in installments, you should always consider whether it makes sense. “Nothing is free – in the end you have to pay for everything,” Mägerle says.

Source :Blick