cashpresso, a young company from Vienna, offers an innovative type of payment by installments for online shops as a useful addition to card payments and online banking methods.

Merchants receive the entire purchase amount from cashpresso right after completion of the online order and the goods can therefore be shipped immediately. Consumers can select their installment rate when making online purchases and change it later at any time free of charge in their cashpresso account. This makes expensive products affordable even to consumers with limited purchasing power.

Practical example: www.edustore.at

“With cashpresso, we can offer our young, Internet-savvy target group a quick and easy installment plan which for us pays off in the first weeks. Transactions have multiplied compared with those of our previous solution”, says Markus Müller, Managing Director of edustore GmbH. Notebooks, tablets, smartphones and accessories are offered in the online shop at especially favorable prices exclusively for pupils, students and teachers. Online payments with credit card, eps-Überweisung and Sofort are securely executed using the payment solution of Wirecard CEE. The flexible installment plan of cashpresso now offers consumers even more freedom. The credit check and the entire processing take place in real time directly upon checkout.