Installment payment can reduce the financial pressure and psychological threshold of students or parents, increase the purchasing power of customers for schools and educational institutions, and help educational institutions fully tap potential customers. This staging mode can be provided by schools and institutions themselves, or by third-party financial staging platforms.
The problem that students can't afford to pay high tuition fees because of the low credit card amount is solved by stages without a card. Online omni-channel payment method gives students more choices and can pay tuition according to their own wishes. For institutions, it is convenient to promote new courses, key courses and higher-priced courses, provide differentiated payment services from point to point, and enhance their competitiveness.
Legal provisions on installment payment
People's Republic of China (PRC) Civil Code
Article 634 Where the buyer of the installment payment fails to pay one fifth of the price and fails to pay the price after being urged, the seller may require the buyer to pay the full price or terminate the contract.
If the seller terminates the contract, it may require the buyer to pay the fee for the use of the subject matter.
Refer to the above? Baidu encyclopedia-installment payment