Stripe Announces New Partnership with QuadPay Installment Platform

Payment platform Stripe announced Thursday that it has formed a new partnership with installment payment platform QuadPay to power advanced buy now and pay later experiences that drive conversion and allow consumers to instantly start shopping online and in store.

According to Stripe, QuadPay enables consumers to start buying in installments anywhere Visa is accepted and enhances the buy now and pay later experiences that increase sales by more than 20% on average.

“Powered by Stripe Issuing, which recently launched in beta, the QuadPay app offers consumers up to $ 500 credit to spend online or in store with Apple Wallet or Google Pay. After an instant verification process, consumers receive a virtual QuadPay card on their phone to pay for an order that is then divided into four interest-free installments for six weeks. “

Stripe also reported that through the partnership, it will allow QuadPay to accelerate the time to market for this new product line. Jeanne DeWitt Grosser, North America Director of Revenue and Growth at Stripe, spoke about the partnership, stating:

“Stripe Issuing is helping QuadPay quickly launch an installment offering to attract more customers, boost conversion rates and increase basket sizes. How they differentiate their product is critical. “

Brad Lindenberg, CEO of QuadPay, then concluded:

“With Stripe we are making it easier for brands to reach more consumers. And for consumers, the best part is that no matter where you shop, from any brand, online or offline, QuadPay gives you the flexibility to spend how you want. “

QuadPay is also using machine learning-based fraud tools with Stripe Radar to prevent fraud and manage risk.

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