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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.
How to Offer My Customers Financing: What's the Best Way?
Are you a small business owner looking for ways to offer financing options to your customers and clients? Zip-Loan is here to help. Our agency provides businesses with the tools they need to provide more financing options for their products or services.
At Zip-Loan, we understand the importance of offering customers flexible payment terms. Not everyone has enough money upfront to purchase expensive items, so providing them with the option of financing can make all the difference. This is especially important for small businesses that produce high-end items or services. So why should you turn to an agency like Zip-Loan instead of a direct financing option?
Benefits of Financing Through Agencies
By going through an agency like Zip-Loan, you're able to access resources that would otherwise be unavailable if you tried to get financing on your own. For example, our team understands the ins and outs of financial regulations and can guide you through the process step-by-step. Plus, it's often more cost-effective than paying upfront, as you don't need to worry about additional fees or charges that can come with other forms of loans.
Additionally, agencies like ours are familiar with local and regional laws, which can affect how businesses obtain financing in certain areas. Overall, working with Zip-Loan ensures that everything goes smoothly when dealing with lenders and potential investors.
How to Offer My Customers Financing Through Zip-Loan
The best part about using an agency like ours is that it's fast and efficient--you'll have access to capital quickly without any headaches or delays. And our team is always available if you have any questions or concerns throughout the process. We want our clients to feel confident in their decision, knowing their finances are secure and protected by experienced professionals who are dedicated to getting them the best results possible.
Working With Us Is Easy
At Zip-Loans, we make sure everything runs smoothly so that our customers can focus on what matters most: running their business! All you have to do is fill out an application form online, and then one of our agents will reach out directly if they think it would be a good fit for both parties involved. It's that simple! Once approved, you'll start seeing results almost immediately, as funds will be made available quickly once all parties agree upon terms and conditions of repayment.
Key Takeaways
Offering your customers financing options can be one of the best ways for small business owners to grow a successful business. With Zip-Loan, you'll have access to resources and expertise that would be unavailable elsewhere. Plus, it's often more cost-effective than paying upfront, as you won't need to worry about additional fees or charges. Working with us is easy--just fill out an application form online, and then one of our agents will reach out directly if we think it would be a good fit for both parties involved.
We hope this article has helped shed some light on how to offer financing solutions for your customers or clients. When done right, it can open up many new opportunities for your small business and help you achieve success. So why wait? Get started today! We love saying 'yes' to small business owners looking for ways to offer my customers financing.
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.
