Installment Services Guide

Installment Buying Guide Installment Selling Guide

Installment Buying Guide with Positron Pay

Positron Pay enables installment buying by receiving a loan and using the wallet for users.

Please read this guide carefully before applying for a loan.

What is installment buying in Positron Pay?

In Positron Pay, installment buying works as follows:

You receive the loan from the bank (requires opening an account at the bank)
The loan amount is deposited into your Positron Pay wallet
You use the wallet to buy from Positron Pay partner stores
Loan repayment is made in monthly installments

Important note:

The loan is charged as purchase credit in your wallet.

Steps for installment buying with a bank loan

Step 1: Registration and credit assessment

Register on Positron Pay
Online identity verification
Credit status check with bank credit assessment
Loan limit determined based on credit rating

Step 2: Receiving the loan

Upload documents and collateral
Final review and approval of the application
Loan amount deposited into Positron Pay wallet

Step 3: Shopping at the store

Choose an in-store or online Positron Pay partner store
Pay via Positron Pay wallet
Purchase amount deducted from wallet balance

Step 4: Installment repayment

Pay monthly installments to the bank until the loan period ends
Non-payment of installments incurs penalties and accelerates the debt
Legal action will be taken in case of non-repayment

Payment methods at stores

In-store purchase

Barcode and payment code are shown in your Positron Pay profile
The store scans the barcode or enters the code in their system
If your purchase invoice is less than your credit, you do not need to pay the excess credit in cash

Online purchase

Select Positron Pay credit gateway at checkout
Pay order amount directly from Positron Pay wallet

If purchase amount is less than wallet balance

Only the purchase amount is deducted
Remainder stays in the wallet
Can be used for future purchases

If purchase amount is more than wallet balance

Wallet balance is deducted
The remaining amount must be paid via gateway or card reader

Product returns and loan status

Product returns are subject to the same acceptor's policies

If return is approved:
- Purchase amount is refunded to Positron Pay wallet
- The loan is not cancelled
- Installment payments must continue until the end of the period

Responsibilities

Positron Pay: Providing and managing the loan and digital wallet
Store: Selling goods and enforcing return and warranty policies
User: Full repayment of loan installments

Disclaimers

Positron Pay is only a facilitator and has no other responsibility.
Quality, price and after-sales service of goods and services are the responsibility of the acceptor.

Frequently asked questions

Is the loan cancelled if I return the product?: No.
Can the loan be cancelled?: No, the loan is a financial commitment with the bank and after the loan is allocated, it can only be settled early.
Where does the refund go?: To the customer's wallet on the Positron Pay platform
Can the money be withdrawn?: No. Since the loan was taken for purchasing goods, the allocated credit can only be used for buying goods and paying the seller.

Installment Selling Guide with Positron Pay for Acceptor

Positron Pay is a platform for customers' installment buying through loans and payment from the digital wallet.

Stores act as payment acceptors for credit through Positron Pay consumption gateways.

Positron Pay and store cooperation process model

Customer receives a loan from Positron Pay
Loan amount is charged to the customer's wallet
Received loan is available as credit in the customer's wallet
Product at the online or in-store shop is selected
Payment is made with wallet via in-person or payment gateway method.
Invoice amount settlement with the store is done according to Positron Pay's contract with the acceptor

The acceptor has no responsibility regarding following up on customer installments or loan repayment.

In-person sales process

Customer presents Positron Pay barcode or payment code to the seller
Store scans the barcode or enters the code in the system
Transaction amount is confirmed and sale is finalized

Online sales process

Customer receives purchase loan as credit in their wallet
At checkout of the online store, customer selects Positron Pay gateway
Transaction amount is confirmed and sale is finalized

Product returns in installment selling

Product returns are done according to the store's rules and conditions
If return is accepted:
- Amount is refunded to the customer's Positron Pay wallet
- Customer's loan is not cancelled and customer must purchase another product
- The store only interacts with the customer regarding the sale and after-sales service of goods or services and has no responsibility regarding the loan.

Important notes for store/acceptor

Installment selling is equivalent to cash sale for the store
Loan and installment repayment responsibility is entirely on the customer
Any dispute regarding goods and services with the customer is handled according to the store's policies
Positron Pay is responsible for paying the store according to the contract
Positron Pay has no responsibility regarding the goods and services, price, after-sales service, warranty, etc. of the transacted product and is only a facilitator for receiving the purchase loan.

Prohibited practices

Using the service outside the contract framework
Collusion with customer to bypass the process
Recording fake or non-genuine transactions

In these cases, Positron Pay has the right to stop cooperation and pursue legal action.

What is installment buying in Positron Pay?

In Positron Pay, installment buying works as follows:

You receive the loan from the bank (requires opening an account at the bank)

The loan amount is deposited into your Positron Pay wallet

You use the wallet to buy from Positron Pay partner stores

Loan repayment is made in monthly installments

Important note:

The loan is charged as purchase credit in your wallet.

Steps for installment buying with a bank loan

Step 1: Registration and credit assessment

Register on Positron Pay
Online identity verification
Credit status check with bank credit assessment
Loan limit determined based on credit rating

Step 2: Receiving the loan

Upload documents and collateral
Final review and approval of the application
Loan amount deposited into Positron Pay wallet

Step 3: Shopping at the store

Choose an in-store or online Positron Pay partner store
Pay via Positron Pay wallet
Purchase amount deducted from wallet balance

Step 4: Installment repayment

Pay monthly installments to the bank until the loan period ends
Non-payment of installments incurs penalties and accelerates the debt
Legal action will be taken in case of non-repayment

Payment methods at stores

In-store purchase

Barcode and payment code are shown in your Positron Pay profile
The store scans the barcode or enters the code in their system
If your purchase invoice is less than your credit, you do not need to pay the excess credit in cash

Online purchase

Select Positron Pay credit gateway at checkout
Pay order amount directly from Positron Pay wallet

If purchase amount is less than wallet balance

Only the purchase amount is deducted
Remainder stays in the wallet
Can be used for future purchases

If purchase amount is more than wallet balance

Wallet balance is deducted
The remaining amount must be paid via gateway or card reader

Frequently asked questions

Is the loan cancelled if I return the product?

No.

Can the loan be cancelled?

No, the loan is a financial commitment with the bank and after the loan is allocated, it can only be settled early.

Where does the refund go?

To the customer's wallet on the Positron Pay platform

Can the money be withdrawn?

No. Since the loan was taken for purchasing goods, the allocated credit can only be used for buying goods and paying the seller.

Positron Pay and store cooperation process model

Customer receives a loan from Positron Pay

Loan amount is charged to the customer's wallet

Received loan is available as credit in the customer's wallet

Product at the online or in-store shop is selected

Payment is made with wallet via in-person or payment gateway method.

Invoice amount settlement with the store is done according to Positron Pay's contract with the acceptor

The acceptor has no responsibility regarding following up on customer installments or loan repayment.

Product returns in installment selling

Product returns are done according to the store's rules and conditions

If return is accepted:

Amount is refunded to the customer's Positron Pay wallet
Customer's loan is not cancelled and customer must purchase another product
The store only interacts with the customer regarding the sale and after-sales service of goods or services and has no responsibility regarding the loan.

Important notes for store/acceptor

Installment selling is equivalent to cash sale for the store

Loan and installment repayment responsibility is entirely on the customer

Any dispute regarding goods and services with the customer is handled according to the store's policies

Positron Pay is responsible for paying the store according to the contract

Positron Pay has no responsibility regarding the goods and services, price, after-sales service, warranty, etc. of the transacted product and is only a facilitator for receiving the purchase loan.