Introducing Square Installments: Growing Businesses by Providing Flexible Payment Options for Customers

We created Square so you never have to miss a sale.

We’re introducing Square Installments, a powerful new tool to help you bring in more customers and grow sales. With Square Installments, your customers have the freedom to pay for a large purchase by splitting it into easy, fixed monthly payments. You get paid up front.

Learn more about Square Installments.

Your customers can pay over time. You get paid up front.

Research shows that financing options like Square Installments can grow your business. In a Square survey of 2,000 U.S. adults, 68 percent of Americans said they would be more likely to consider a small or local business if they offered financing options1.

Using Square Installments is easy — your customers apply online in store or from the comfort of their home in just a few simple steps. Approved customers will see the total cost clearly spelled out up front, with no surprises like deferred interest or early payment penalties.

square installments screen shot
Numbers are for illustrative purposes only.

With Square Installments, your customers get more time to pay, allowing them to buy more of what they want. It works from day one with the Square products you know and love.

Here are some other benefits of Square Installments:

  • Grow your sales. With the freedom to break big purchases into smaller payments, approved customers can buy more. Other businesses using Square Installments have seen a positive effect on sales and average order values.
  • Get paid up front, credit-risk free. You get paid up front by Square Capital; your customers pay us back. If they miss a payment, the credit risk is not on you.
  • Set up is hassle free. Square Installments automatically works everywhere you take payments with Square — no integration needed. Signup takes less than 10 minutes.

“Square Installments really helps me to provide the perfect bike to my customers every time,” says Joe Witherspoon, Owner of Motostrano in Redwood City, CA. “With Square Installments we’re able to close more sales. More people who come in to test-ride a bike end up buying a bike. It’s just simple, it’s easy, it’s integrated into our point of sale system, and works great for the client.”

As of July 9, 2019, Square Installments is now available to qualifying customers at Square sellers across the U.S. Customers can apply to pay for qualifying purchases of $150+ in fixed monthly payments over 3, 6, or 12 months. Rates range from 0–30% APR.2

Interested in offering Square Installments at your business? Learn more.

1Square Consumer Shopper Survey, August 2018 Online survey of 2,000 U.S. adults over the age of 18, conducted August 15-20, 2018 by Square Capital, LLC. Results are weighted to ensure demographic representation in line with the United States Census Bureau 2017 Current Population Survey. The study has an overall margin of error of ±2.19% at the 95% level of confidence.

2Square Capital, LLC and Square Financial Services, Inc. are both wholly owned subsidiaries of Square, Inc. Square Capital, LLC d/b/a Square Capital of California, LLC in FL, GA, MT, and NY. All loans are issued by either Celtic Bank or Square Financial Services, Inc. Square Financial Services, Inc. and Celtic Bank are both Utah-Chartered Industrial Banks. Members FDIC, located in Salt Lake City, UT. The bank issuing your loan will be identified in your loan agreement. The individual authorized to act on behalf of the business must be a U.S. citizen or permanent resident and at least 18 years old. Loan eligibility is not guaranteed. All loans are subject to approval.