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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 Third Party Financing for My Customers
Zip-Loan is a specialized agency dedicated to helping small business owners provide customers access to financing options. Our team of experts understands the challenges of running a business and wants to make it easier for entrepreneurs and business owners by connecting them with reliable third party financing companies.
Introduction
At Zip-Loan, we understand that every business has unique financial needs. This is why we offer tailored solutions to meet each customer's individual situation. Our team provides support from initial consultation, through to funding the loan and setting up any necessary structures - all backed by our commitment to fairness and transparency. It's why businesses turn to us for competitive third party financing options that help their business grow.
Third Party Financing Companies: What You Need To Know
-Third party financing companies can be a great way to access the capital you need without taking on debt or other financial risks. They provide a range of services, including helping you find the best lender for your needs, negotiating terms on your behalf and providing ongoing support throughout the process.
-Before making any decisions on which third party financing company to use, it's important that you do your research. Compare a range of interest rates and terms from different providers, as well as any additional fees or charges associated with the loan. Make sure to read through all of the terms and conditions carefully, so you know exactly what you are signing up for.
-It's also worth considering how long you will need the loan for - some lenders offer short-term loans with flexible repayment schedules, while others provide more long-term financing options with fixed repayments over several years. Whichever option you decide is best for your business, make sure you understand all of the implications before signing up for a third party financing deal. If you're looking into third party financing for my customers, Zip-Loan is a great place to get started.
When looking for a third party financing company, here are some key points to consider:
-Check references- Ask other entrepreneurs how they found their experience with the broker or lender they used. A good broker will have plenty of satisfied customers who can vouch for their ability.
-Look at fees- Some lenders may charge setup fees or additional charges on top of interest rates, so shop around and compare quotes from different providers before making your decision.
-Understand repayment schedules- Make sure you know when payments are due and whether there are early repayment penalties in place. This will help you manage cash flow more effectively and ensure you're not over-extending yourself financially by taking out too many loans at once.
Closing Paragraph
At Zip-Loan, we want small businesses to succeed by offering customers access to reliable third party financing options. We take pride in building relationships with our customers that last long after they receive their loan funds--allowing them to focus on growing their businesses while knowing that we're always here should they need us down the road. Contact us today if you're interested in learning more about how third party financing for my customers can get your business off the ground!
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.
