What are different kinds of extended payment plans?

[Good-Person]

Payment plans are a very common kind of element when it comes to dealing with any kind of business organisation. Extended payment plans is one of them. This kind of plans allow the buyer to pay money at a specific date. So, what are they and how can such plans help businesses?

 

[Debashis]

Extended payment plans are arrangements that allow buyers to pay for goods or services over a longer period of time, usually with fixed installments. These plans help businesses by attracting more customers who may not have the immediate funds, increasing sales, and improving cash flow.