Using Sprout
Plans & schedules
Every term from 1 day to 12 months, how payments are split, and when they fall due.
A plan is the schedule you agree to when you send: the amount plus a flat 5% fee, split into equal payments. You pick the length. There are 16 to choose from, 1 day to 12 months.
Terms
A 1 day plan is one payment, due the next day. Terms of 1 week, 2 weeks and 3 weeks are paid weekly. Terms of 1 month to 12 months are paid every 30 days. A longer term means smaller payments; it never means a bigger fee.
| Term | Payments | Each payment | Last payment |
|---|---|---|---|
| 1 day | One payment | $105.00 | Same |
| 1 week | One payment | $105.00 | Same |
| 2 weeks | 2 weekly | $52.50 | $52.50 |
| 3 weeks | 3 weekly | $35.00 | $35.00 |
| 1 month | One payment | $105.00 | Same |
| 2 months | 2 monthly | $52.50 | $52.50 |
| 3 months | 3 monthly | $35.00 | $35.00 |
| 4 months | 4 monthly | $26.25 | $26.25 |
| 5 months | 5 monthly | $21.00 | $21.00 |
| 6 months | 6 monthly | $17.50 | $17.50 |
| 7 months | 7 monthly | $15.00 | $15.00 |
| 8 months | 8 monthly | $13.12 | $13.16 |
| 9 months | 9 monthly | $11.66 | $11.72 |
| 10 months | 10 monthly | $10.50 | $10.50 |
| 11 months | 11 monthly | $9.54 | $9.60 |
| 12 months | 12 monthly | $8.75 | $8.75 |
How payments are worked out
Add the fee to the amount you send, then split the total evenly. $100.00 plus $5.00 is $105.00; over 10 months, that’s $10.50 a month. That is the whole calculation.
Rounding
Payments are in whole cents. When the total doesn’t divide evenly, each payment is rounded down to the cent and the last one carries the difference, so the schedule always adds up exactly. $100.00 over 9 months: 8 payments of $11.66, then one of $11.72.
When payments are due
- The first payment is due one period after you send: the next day on a 1-day plan, a week later on weekly terms, 30 days later on monthly terms.
- Weekly payments fall on the same day of the week you sent.
- Monthly payments fall every 30 days, counted from the day you sent.
- Your plan page shows every date before you confirm, and after.
An example schedule
Here is the full plan for $100.00 over 10 months, payment by payment.
| Payment | Due | Amount | Left to pay |
|---|---|---|---|
| Month 1 | in 1 month | $10.50 | $94.50 |
| Month 2 | in 2 months | $10.50 | $84.00 |
| Month 3 | in 3 months | $10.50 | $73.50 |
| Month 4 | in 4 months | $10.50 | $63.00 |
| Month 5 | in 5 months | $10.50 | $52.50 |
| Month 6 | in 6 months | $10.50 | $42.00 |
| Month 7 | in 7 months | $10.50 | $31.50 |
| Month 8 | in 8 months | $10.50 | $21.00 |
| Month 9 | in 9 months | $10.50 | $10.50 |
| Month 10 | in 10 months | $10.50 | $0.00 |
| Total | $105.00 | $0.00 |
Changing a plan
Your term is fixed when you confirm. You can always finish sooner by paying ahead or paying off the balance, with no penalty. You can’t stretch a plan out once it has started. See Paying back.