A Plan to Move Businesses Forward by Helping Every Customer

Zip Loan provides customizable payment solutions that work in every business niche. The solutions can work together for customers to have a seamless array of payment options, or the company can pick a single solution that fits the business perfectly.

Every part of the payment solutions system is designed for flexibility and ease. Zip Loan supports recurring billing features, simple accounting, and practical settlement choices. Every solution fits together in a tiered waterfall system so that every possibility is covered.

First Look Solutions

Ideal for consumers with prime credit, this solution set offers lines of credit and revolving credit with little hassle. It’s also suitable for tier-one financial partners.

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Second Look Solutions

Many consumers have sub-prime credit, and offering them a payment solution can significantly boost revenue. Second look solutions provide that opportunity while minimizing risks.

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Third Look and Merchant Backed Payment Plans

Some people have bad credit but are still payment worthy. In these cases, the solutions include merchant backed payment plans. Zip Loan makes sure the merchant has comprehensive risk management.

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Creating Solutions and Enabling Long Term Relationships

Zip Loan offers businesses and consumers of all credit ratings solutions to pay for purchases easily and transparently. It goes beyond a monetary exchange, and companies can build lasting relationships with their customers. These relationships and customer loyalty ensure future sales, regardless of niche.

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The History of Zip Loan

Each company is unique and requires a customizable solution that grows with it. At Zip Loan, we offer extensive experience and expertise based on decades of helping businesses and consumers. Our proprietary software is built to handle every situation.

We did not start out serving all types of businesses and consumers. However, we did so well in the Niche industries that we looked for similar niches. This change led to explosive growth, and we now serve all company sizes.

Zip Loan is committed to helping other companies grow through modular payment solutions. We love seeing our partners gain recurring revenue and create lifelong customer relations. We know every business is unique, and we’re here to provide the support for each to grow.

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First Look Solutions

Zip Loan has formed partnerships with leading financial institutions and lenders for the sole purpose of creating an integrated first look experience. Consumers can see all their options in one location, which makes them more inclined to buy.

Application Process

APIs support the application, credit rating, pre-approval, and final offer for a smooth process from start to finish. Each financial provider has a tailored workflow to its algorithms and necessary functionality. These APIs handle special requirements seamlessly and speed them up.

This modular solution supports pre-approval concepts, promotional payment programs, and joint application processing.

  • Revolving credit and special promotional offers
  • Single and joint application processing
  • Credit rating and pre-approval included
  • Stand-alone or modular first, second, and third look capabilities
  • Self or staff-assisted setup

Transaction

This module supports both online and storefront transactions, pending the approval of third-party partners. With practical features like same-day voiding, partial or full post return, and support for on-site facilities, the first look module is a sensible choice.

  • Online or on-location options
  • Void recent sale capabilities
  • Compatible with third-party batch processing guidelines
  • Full and partial return amounts available

Reports and Inquiries

Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.

Customers can also verify their accounts and track their payments.

  • Transaction tracking
  • Full merchant settlement reporting
  • Daily transaction reports
  • Verify customer accounts
  • Single account settlement status

Integration

The solution modules are designed so they can work independently or within an existing customer system. The modular payment solution integrates with the most popular software easily, or the development team can build a custom bridge.

Zip Loan offers full look customization. Clients can choose to use the existing clean interface or create their own to match the rest of their process. Zip Loan offers workflow optimization and assistance.

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Second Look Solutions

Second look solutions often require multi-level or multi-partner financing options. Zip Loan facilitates that through the second look module for consumers who are typically considered sub-prime borrowers. The process matches the first look module, and the two integrate seamlessly for a better customer experience when deployed together.

 

Application Process

Functional APIs allow quick processing for application, credit rating, pre-approval, and final offer for each financial institution. The API expedites special requests and manages the process flow based on what information the consumer provides.

Joint application processing, pre-approval concepts, and promotional payment options are available with this module.

  • Self and staff assisted registration
  • Revolving credit and special promotional offers
  • Pre-approval and credit rating processing
  • Independent or modular first, second, and third look solutions
  • Single and joint application

Transaction

Businesses need to know their revenue figures, so this modular software makes it easy. Companies can quickly check daily transactions reports, merchant reporting, individual transaction reviews, individual account settlement status, and merchant-wide settlement reports.

Customers can also verify their accounts and track their payments.

  • Online or at location
  • Flexibility for third-party batch processing requirements
  • Void recent sale within reasonable guidelines
  • Post full and partial return amount specifications

Reports and Inquiries

All modules include in-depth reporting so partner companies can better manage their revenue stream. Available reports include individual transaction review, individual account settlement status, merchant
reporting, daily transactions report, and merchant-wide settlement reports.

Customers can also verify their own accounts and perform specific actions.

  • Single transaction tracking
  • Full merchant settlement reporting
  • Daily transaction reports
  • Customer verifiable account
  • Single account settlement status
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Third Look and Merchant Payment Plans

Payment plans may seem newer, but the practice is a well-recognized payment method with decades of history. At Zip Loan, we’ve been providing payment plan solutions for years to helps businesses gain customers, even those without excellent credit.

Zip Loan provides an end-to-end solution for every client. This model uses advanced origination modules and comprehensive software solutions for every eventuality. As with first look and second look modules, this software can be used alone or as a modular waterfall solution.

How It Works

The third look and merchant backed plan module can be implemented alone or with partner workflows for a seamless experience. The APIs handle all the origination and underwriting mechanisms as well as the payment plan execution.

This modular payment solution includes four potential mechanisms for ease of use:

  • Self-application portals which are merchant branded that the consumer uses to complete the entire application process independently
  • Web-based interfaces merchants can set up payment plans on at point-of-sale
  • API-based options customers can integrate into their own workflow
  • 3rd party origination where consumers can manage their applications and control the submission process

This module uses a proprietary software solution for underwriting criteria that companies can customize using a rules system. Companies can specify each aspect of the payment terms based on their clients’ risk factors when filling out their profile. The platform has an API for credit risk factors and can check credit scores.

The interface for consumers is straightforward and simple to operate. Changes companies make to criteria are reflected immediately, and users are not notified when a company changes its rules. Instead, the consumer sees different offers at the next search.

Workflow

The module platform creates the necessary legal documentation based on the merchant inputs. The platform includes a signature pad for ease of use and email status updates on the customer’s requests. For the consumer, the straightforward workflow looks like this:

  1. Provide personal information
  2. Fill in details related to the type of payment option
  3. Review offers
  4. Enter payment data
  5. Sign the automatically generated agreement using the application or another method

Recurring Billing

Once the consumer signs the documents, the recurring billing system handles all payment management. There’s no need for the company to chase the consumer. If necessary, the collections module handles any missed payments.

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Additional Key Module Features

All modules include:

  • Branded client portals
  • Reports designed to make portfolio management easy
  • Payment tools to help consumers maintain their payments
  • Advanced settlement logic
    • Detailed reports for accounting reconciliation
    • Straight to merchant
    • Automated withholding of platform fees
  • More features and customizations

What Our Customers Say!

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Zip Loan is a leading provider in retail consumer financing, offering a wide variety of flexible payment plans for our members. In addition to providing installment and lease credit, and private label revolving credit Zip Loan offers a diversity of credit promotions, thanks to our network of financing companies.

    Zip Loan is a leading provider in retail consumer financing, offering a wide variety of flexible payment plans for our members. In addition to providing installment and lease credit, and private label revolving credit Zip Loan offers a diversity of credit promotions, thanks to our network of financing companies.

    ADDRESS

    307 W. Tremont Suite 200, Charlotte NC 28203

    PHONE

    877-308-0088​

    EMAIL

    info@zip-loan.com

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