I had major reservations about putting my names on installment plan option. I really don’t like financing someone else’s business. However, I did it because it does impact sales. I have had about 25% of my sales on installment plans, I think - especially recently. On the plus side, I always have money in my account these days because there are several. On the other side, I sweat it when they are late with payments. I haven’t had anyone stop paying completely. I have had some pay ahead. If you have a lot of names, I think it really does help because you can have several on installments at the same time. But I do sort of obsessively check them to make sure they are paying.
During these times especially, startups are cropping up to replace lost jobs. And they are often cash-poor so I think that is why this is happening so much.
So, in spite of my extreme caution about doing it, I am glad in the end that I did.
PS: Yes, I experimented for several months and ended up landing on having all of them on installments. I put some on/some off, etc.