We released a simple way to edit the interest type used on installments. The feature meets the needs of stores operating in countries such as Argentina, where simple interests are the norm (unlike Brazil, where compound interests are the most used).

Before, while setting up installments with interests on a payment condition, there was no easy way of choosing the type of interest used. Compound interests were the default.

Even though the default is still the same, now it's possible to choose simple interests right on the interface.

Changing the interest type used on the installments of a given payment condition was only possible via API, in a non-intuitive process. The new feature solves this issue, right through the admin and with just a few clicks.

This change makes it easier for stores selling in countries like Argentina, where simple interests are the norm when using installments.

But we must remember: The new feature doesn't impact stores using compound interests (Brazilian stores, mainly). Because compound interests remain the default, the extra step in the installments setup is only necessary if you want to use simple interests.

You can define the type of interest by going to a payment condition's setup page and following the detailed instructions about the feature.