Ratepay is a popular online payment method in Germany that allows customers to pay for their online purchases in monthly installments. This payment method is offered by many online retailers, including clothing, electronic equipment, furniture, and more.
Using Ratepay is relatively simple. When you place an online order, you can choose to pay with Ratepay at checkout. You will need to provide some personal information, such as your name, address, and phone number, as well as information about your income and employment, so that Ratepay can verify your creditworthiness.
Once you have been approved for installment payments, you can choose to pay for your purchase in multiple monthly installments. The number of monthly installments will depend on the online retailer you are making your purchase from, but most offer options ranging from three to twelve monthly installments.
It is important to note that using Ratepay may result in additional fees, such as processing fees or interest charges. Therefore, it is important to check the terms and conditions before using this payment method.
Overall, Ratepay is a convenient payment option for online purchases, offering customers greater financial flexibility and installment payment options for larger purchases.