When it comes to making a big-ticket purchase, the cost is the first consideration and frankly, a barrier to a purchasing decision for many customers. If that barrier is removed, customers will proceed with the purchase. One of the major ways to increase conversions for these “high-consideration purchases” online is to offer customer financing. Customer financing enables customers to make...

In order to launch and grow a successful business, you must be able to not only acquire but also maintain a customer base. For this to happen, your business must address the wants, needs, and budgets of your customers. Customer financing offers a great opportunity to not only increase your sales, but also earn customer loyalty. What Is Customer Financing?...

Consumer Finance at the Point of Sale Takes a Big Step Ahead As Affirm Clinches a Walmart Deal – New Walmart Deal Proves Consumer Financing on an Upswing Lending startup Affirm Inc. clinched a deal to offer its instant-financing option to major retailer, Walmart Inc. Though Affirm has already signed up more than 2,000 merchants to accept its consumer point-of-sale...

According to consumers, cash is no longer king. Approximately three in 10 Americans said they do not buy anything with cash in a typical week, according to the Pew Research Center. Meanwhile, the number of people who say they only use cash for their purchases dropped from 24% in 2015 to 18%. With millennials leading the charge, the most common...

Knowing when to add a consumer financing program to your business can be just as daunting as implementing one. Businesses must know whether they are suitable for consumer financing programs before moving full-speed ahead. Get to know the nuances of customer financing, and then use the four factors listed here to determine whether it’s a good fit for your business....

Consumer financing is also called an installment plan, flexible financing, or buy-now, pay-later plan. Are you interested in consumer financing and its benefits? Why and how to offer this type of financing? How can it help your customers? Just read this article and you’ll get to know. What Is Consumer Financing? Have you ever considered a consumer funding program? Why...

Whether you refer to it as consumer financing, installment plans, flexible financing, or buy now, pay later plans, this type of financing is beneficial for businesses of all sizes and industries. Consumer financing allows businesses, even smaller, online only merchants to expand their customer base, build their reputations, and grow their profits. Passing on offering consumer financing for your customers...

Offering consumer financing is one of the most effective tools for increasing revenue. That’s great for the big companies that have the luxury of offering a variety of options, but what about my small business? If you assume consumer financing is only available to big businesses, you will be glad to hear that businesses both large and small have access...

Are you a small business owner looking for new ways to boost sales, foster customer loyalty and build a recurring clientele? It’s time to consider a financing program. Offering financing solutions to potential customers is nothing new. In fact, big box retailers have been using it to give their customers more purchasing power for years. Unfortunately, small businesses have been...