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Ask HN: Best way for online payments by installments?

3 pointsby zeynalovover 10 years ago
Our SaaS isn&#x27;t recurring subscription based. Users get access by making one time payments.<p>Because our prices are too high, most clients are asking if they may pay by installments. (for example http:&#x2F;&#x2F;www.pigas.org&#x2F;pricing-medical-specialization&#x2F; )<p>Now we have a problem, how can we build a system that we can collect money from a user even if they cancel their subscription.<p>Note that it&#x27;s like buying a computer and paying for it monthly. You can&#x27;t give it back or cancel your subscription till the whole payment is done.<p>We&#x27;re using Stripe and Paypal payment methods on our website. Is there any way to collect money from the clients even if they cancel their subscription?<p>I&#x27;m from Germany and collecting money here isn&#x27;t a problem, we can just send an invoice and collect money. But most of our clients are in other countries so I think we can collect only by credit cards, but I don&#x27;t know if it&#x27;s possible somehow to collect money even the owner tries to bypass us.<p>I know some companies do it. For example Car rent companies in Germany, before renting a car they need just a credit card, they don&#x27;t accept cash or wire transfer. They do it because after giving the car back, they examine the car and if something is damaged, or even it&#x27;s dirty, they collect money from the credit card that provided at first day. But how can we do it for our online business?

2 comments

trcollinsonover 10 years ago
I had a few ideas until I went and looked at your business model (which is really cool by the way!). I am not entirely sure that I would consider you a SaaS product, as much as a software assisted services company. That makes it rough. You have a 2 day email program, which looks to be 100% service based. You have a 30 day access product that then adds in a 1 hour meeting (service), a CV Optimization (service?), and a client list, which might just be access to something. If people don&#x27;t pay within the 30 days and dispute their credit card charge, what recourse would you have? Probably nothing. You&#x27;d lose the money and eat the cost. I would say you really need to stick with the all upfront pricing and go with it. It&#x27;s expensive, sure, but the benefits are also very high to your client and you provide a great service. Sometimes you just have to pay for a service.
lognover 10 years ago
Most businesses solve this by charging a premium for paying monthly and then don&#x27;t have any sort of termination fee.<p>I think at ringcentral.com I get about 50% off by paying a full year in advance.<p>What your customers want from you is a creditor they can take advantage of. Otherwise why wouldn&#x27;t they just put this on their credit card?<p>Also, I&#x27;ve never used this but see: <a href="https://developer.paypal.com/webapps/developer/docs/classic/paypal-payments-standard/integration-guide/installment_buttons/" rel="nofollow">https:&#x2F;&#x2F;developer.paypal.com&#x2F;webapps&#x2F;developer&#x2F;docs&#x2F;classic&#x2F;...</a>