How do I offer to finance to my customers?

Customers who wish to buy your goods and services but cannot pay the whole sum upfront can use customer financing. Enrolling in a payment plan allows your consumer to purchase a $500 item for five $100 installments (plus a small interest rate). In essence, giving financing makes your items or services cheaper for your clients.

Can I offer my customers a payment plan?

Yes. It’s an excellent business to give customers payment options. There are several ways to pay: payment plans, credit/debit card payments via the internet, cashier’s checks, automatic withdrawals, and Western Union.nnDepending on the consumer, each payment plan is unique. Because of this, you can come up with payment options that work for both you and your consumers. Automatic payments or invoices may be set up as soon as the payment plan has been accepted.

What is consumer financing?

Providing financing to individuals or families for their own personal or household needs is known as “consumer finance.”

What is an example of a consumer finance loan?

Mortgages, funding small businesses grow, auto loans, student loans, personal loans, refinancing loans, and credit cards are the most frequent forms of consumer loans.

Customer Financing

ClearChoice Credit Restoration has formed a partnership with David Allen Capital, who provides exclusive financing to businesses and institutions.

Whatever option you choose, the financial resources of your clients will be put into consideration. Inevitably, you’ll discover that not everyone can afford the more expensive items you’re selling; similarly, not everyone has the resources or inclination to acquire a large number of modest items all at once. Is there a solution to this dilemma that will allow you to grow your sales without having to decrease prices? Yes, there are variety of options. One option is to make financing available to your customers.

Get Started

Financial assistance allows customers who are on the fence about making a purchase because of the price to purchase from you right away and pay for the goods or services over time through monthly payments. This will prevent you from losing a sale due to sticker shock. Customer financing, or consumer financing, is the term used to describe this type of lending.

What is Customer Financing?

In order to determine whether consumer financing is a suitable fit for your business and clients, it’s vital to understand the complexities of the process. When viewed through the lens of a consumer, customer financing serves as a tool for converting shoppers into buyers.

The Impact of Customer Financing on Your Business

The majority of financing alternatives (particularly for online shops) are frictionless, take less than a minute or two, and allow for payment flexibility, resulting in a great consumer buying experience for the customer.

In most cases, a customer submits an application during the checkout process. They select the financing option in the same place that they would ordinarily select credit or debit as their payment method. The vast majority of applicants will be approved in a matter of seconds.

The total purchase price is paid upfront to retailers who offer customer financing through a third-party platform, with the exception of a regular transaction fee that is the same as or slightly higher than the standard credit card processing fee. Nonpayment and fraud risk is reduced for merchants by POS finance partners, who also provide seamless connectivity with the majority of POS and online shopping platforms.

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We do not remove any negative items worked on – 120 days (4 consecutive months) from the time that you retain our services.
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