Is Douyin Monthly Payment a credit check? Douyin Monthly Payment refers to choosing the monthly payment method when shopping within the Douyin app. Monthly payment usually refers to spreading the total price of goods purchased evenly over several months, and paying a certain amount every month until the full amount is paid off.
Douyin’s monthly payment is not a scam.
Douyin Monthly Payment is an online consumer financial service that provides users with "consume first, pay later". Users can enjoy interest-free for up to 36 days and support 3/6/12 installments, which can improve user consumption experience. Help scenarios improve order conversion rates and GMV.
After merchants activate this service, consumers who have activated Douyin's monthly payment service can purchase the store's goods by paying in installments or without installments. The full payment will be settled into the aggregate account according to the platform's settlement cycle.
Merchants receive all the payment that should be settled, and consumers enjoy installment or non-instalment services.
Douyin’s monthly payment is subject to the credit bureau.
Douyin Monthly Payment will review the user's credit report when applying for activation, and will also record detailed usage information in the credit report during subsequent use.
Douyin’s monthly payment loan service is provided by Shenzhen Zhongrong Small Loan, which is a small loan company regulated by the local financial regulatory bureau and operates legally. It is guaranteed by the Douyin brand and is relatively safe. .
Douyin Monthly Payment is currently only available to invited users. Users can enter the Douyin Monthly Payment interface to apply. The system will use the user's comprehensive qualification level as a basis for reviewing the use of Douyin Monthly Payment, and will use this to determine Douyin Monthly Payment. The usage limit of monthly payment.
If the user often uses Douyin Monthly Payment to make payments, the system will determine that the user is highly active and will increase the user's usage limit after evaluation. If the user pays back on time and consumes more, the limit may increase quickly.
During the use of Douyin Monthly Payment, you can activate the automatic withholding and repayment function on the due repayment date. Users only need to ensure that there are sufficient funds in the bound bank savings card for repayment before the repayment date. Therefore, You don’t have to worry about forgetting to repay when you use Douyin Monthly Payment.
When paying Douyin monthly payment, you can choose to pay in installments or not. If you do not pay in installments, you can enjoy an interest-free period of up to 36 days. Therefore, as long as users repay on time within the repayment period, no handling fees and interest will be charged.