A homeowner facing a sudden $14,000 HVAC replacement or full roof tear-off often freezes because they don’t have liquid cash available. Providing structured installment options removes friction and helps them say yes without waiting.
In-house milestone installments vs. Third-party financing
Third-party consumer financing companies often charge contractors steep 6%–12% dealer fees (merchant discounts). Setting up structured milestone installments directly through your payment gateway lets you collect payments without giving away your profit margins.
Standard 4-part installment structure
- 25% Deposit upon contract signing (covers initial materials and scheduling)
- 25% Milestone 1 upon commencement and demolition
- 25% Milestone 2 upon rough-in or midpoint milestone inspection
- 25% Final balance upon project completion walkthrough
With Let’s Get Quoted, you can split invoices into automated scheduled milestone installments that auto-debit the customer’s saved card on specified dates.