The INSTO App Sets Up Scheduled Payments Between Individuals

By: Alyson Wyers - Dec 31, 2016
References: ins.to & springwise
This app and financial service aims to make anything affordable with scheduled payments. INSTO is described as "the world's first person-to-person payment platform that allows buyers and sellers to schedule payments over time." This lets users plan recurring payments for rent and any other service -- from used cars to dance classes -- as well as providing a platform to buy and sell a variety of goods.

Available through the INSTO app and website, the scheduled payments are automatic and transparent. Parties simply agree on terms and the fintech startup will process payments and send notifications. Payment plan details are also easily accessible at any time. The free service also offers INSTO+, which provides extra protections.