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By Offering All Customers Payment Plans Regardless of Credit
Offer payment plans at point of sale that is simple, fast , and as easy as a card transaction.
5 Advantages of Zip-Loan's Customer Financing for Jewelry Stores in Detroit
As a jewelry store proprietor, you appreciate the necessity of granting your customers flexible payment alternatives. However, identifying the ideal customer financing solutions may pose a challenge. Zip-Loan is dedicated to assisting Detroit's jewelry store owners in triumphing by offering straightforward financing solutions to their customers. This article will outline Zip-Loan's customer financing procedure for jewelry stores and detail five advantages of our unique plan.
Zip-Loan's Customer Financing Procedure
Zip-Loan acknowledges that every jewelry store has distinct financial requirements. Therefore, we furnish a wide range of customer financing solutions to cater to these unique needs. Here's how we proceed:
Step 1: Submit Financing Application
Our process commences with filling out a financing application, either online or via phone. After receiving your application, our knowledgeable team scrutinizes it to establish the most appropriate customer financing solutions for your store.
Step 2: Application Approval
Upon assessing your application, we'll communicate the approval status. If approved, we'll collaborate with you to outline the most suitable financing terms for your customer base.
Step 3: Funds Transfer
After consenting to the financing terms, we'll deposit the funds directly into your account. Consequently, you can utilize these funds to extend financing alternatives to your customers.
5 Advantages of Zip-Loan's Customer Financing for Jewelry Stores
By collaborating with Zip-Loan, Detroit's jewelry store owners can reap numerous benefits. Below are five significant advantages of our customer financing plan:
Increased Sales
Offering customer financing options can significantly boost sales. With our financing schemes, your customers can acquire luxurious jewelry pieces without fretting over the immediate cost. Jewelry store financing Detroit has never been easier.
Competitive Interest Rates
Zip-Loan provides competitive interest rates, enabling your customers to benefit from reasonably priced financing alternatives for their jewelry acquisitions. This broadens the range of customers you can offer financing to.
Flexible Payment Schemes
We comprehend that each customer's financial needs are distinct. That's why we provide flexible payment plans that cater to your customers' requirements. They have the option to pay in installments or over an extended period based on their financial standing.
Rapid Approval Process
We employ cutting-edge financial technology to expedite the approval process for our financing plans. Consequently, your customers can secure approval swiftly, and you can present them with financing options more rapidly.
Enhanced Customer Loyalty
By extending flexible financing options to your customers, you can bolster customer loyalty and retention. They will value the convenience of purchasing high-end jewelry pieces without having to settle the full sum upfront.
Key Takeaways
In summary, teaming up with Zip-Loan is a superb option for Detroit's jewelry store owners searching for customer financing solutions. By extending flexible financing alternatives, you can augment sales, bolster customer loyalty, and expand your business. Reach out to us today to discover more about our customer financing solutions for jewelry stores.
Jewelry Store Financing Detroit
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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:
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.
