Are you the customer looking to make a significant purchase? But due to some reasons you can’t afford to pay for it in one go. Right?
Well, customer financing being a helping hand allows customers to get enrolled in an affordable payment plan for a set period of time, to buy all the required goods & services, that customer would otherwise won’t afford to pay upfront with money or credit card. Hence, customer financing makes a customer buy the required products rather than just looking at them.
Customer Financing Provides Offer To Customers
Customer financing offers options for customers who can’t pay the entire price upfront for their required product and service. Customers enrolling in a payment plan, get advantage in providing flexibility in cost. As for example, $500, becomes available to the customer for five payments of $100 (with a small interest rate).
By offering financing to customers, merchants or traders make their products or services more affordable for them. For customers, financing increases the credit options by 15%. Also, due to customer financing 93% of customers used credit options and they admit that they make use of them again.
Why to Consider Customer Financing Program?
Consumer financing is a great option for any kind of businesses and to the consumers as well because they offer the following consumer financing services –
- It offers an additional payment method to your customers for your goods or services.
- Make it easy for the consumer financial services provider to handle monthly payments.
- Make fast approval so that consumers can make fast, same-day purchases.
- Help in Accessing the easy auto-pay services.
Need of Customer Financing Companies
Customer financing Companies provide finance to the customers. These companies are the consumer financing options. They allot financial help in the form of credit cards, store account cards, auto loans, hire the purchases or lease the agreements. Some of the companies also offer zero-interest payment plans to the customers depending on their specific credit history. Therefore, if the customer is able to pay off their purchases within a certain period of time, the company would offer them with exciting offers. Most of the consumer financial companies such as PayPal are the most popular consumer financing companies that act as a credit line that gets integrated with the consumer PayPal account. It allows consumers to do the monthly payments. It offers consumers no penalty option, thus consumers can pay off entire PayPal credit any time.
ViaBill is another popular customer financing company for several consumers to split larger purchases into four equal monthly payments. It allows you to pay each of your four monthly payments, with no additional interest on your purchase. This company is connected with more than 5,000 retailers.
Afterpay is the popular selection as a customer financing company as it has an incredible reputation with shoppers and retailers. Here, the customers can divide their larger purchases into separate monthly payments with no additional interest. Late fees are applied only to the customers who fail to pay their monthly bill on time. Customers can also reschedule their monthly payments a few times per year.
The Afterpay customer financing company is popular among online clothing retailers. Customers use afterpay while doing significant purchases on eligible clothing retailers.
Accelitas is another financial services company apart from providing financial solutions. It also helps in offering consumer financing to the consumers, merchants, businesses. The company establishes a consumer financing program that empowers customers.
Take A Right Move with Customer Financing Program
Most of the businesses today, big or small, are encouraging consumer financing to buy, resulting in an increase in their potential value and complete sales. The business which does not have the customer financing option might lose the sales as a result.
Consumer Finance option for the customers, increases the customer to take part in purchase of high rated items by getting an offer of paying the amount with the passage of time. In business offering the customer finance program helps in increasing their sales with a higher rate of interest. It helps in paving the way to show how customers can buy exactly what they want with monthly payments. As you can see, consumer financing indeed helps reframe the sales option for the traders and shifts the focus away from the budget constraints among the consumers.
The process and the benefits involved in the customer financing program are infinite. Who doesn’t want to grab the offer option from the particular consumer financing companies. Only the most important step is to make a right choice with the consumer financing company providing the best consumer financing services. Make your right choice and find your financial solutions with accelitas which have the expertise in providing the consumers financial solutions and are known for exceptional consumer finance offers.
