Offering payment plans can have several benefits. Firstly, it can make a costly product or service more affordable to a wider audience, as it allows customers to pay in installments rather than a lump sum. This can attract more customers and increase sales. Secondly, it can help to build a business relationship with customers. When customers commit to a payment plan, they are entering into a longer-term relationship with the business, which can lead to repeat business and customer loyalty.
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