<p style="text-align:justify"> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">Point of sale finance is when a business provides a consumer financing option to clients at the point of sale to help them acquire the good or service. Open circuit credit cards, closed - loop system store cards, and installment loans are all included in the category of consumer finance known as "POS financing."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">POS loans have been used for a long time, such as when financing the purchase of large </span><a href="https://chargeafter.com/furniture-financing/" style="color:#0563c1; text-decoration:underline"><strong><span style="font-size:12.0pt"><span style="color:blue">furniture</span></span></strong></a><span style="font-size:12.0pt"> pieces and automobiles. However, because to technology advancements that make installment loan alternatives instantly accessible online and on mobile devices, providing explicit payback terms before the credit is taken out, POS lending has grown recently. Because of these developments, point-of-sale financing is now more widely available across all retail segments.</span></span></span></p> <h1><span style="font-size:14pt"><span style="font-family:"Calibri Light","sans-serif""><span style="color:#2f5496"><span style="font-size:16.0pt"><span style="font-family:"Calibri","sans-serif"">Benefits of POS Financing</span></span></span></span></span></h1> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">Customers of all generations and demographics may purchase with comfort if you offer a financing option at the point of sale. Customers who might not have been able to shop with you now have more access to your company thanks to financing.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">A great strategy to boost sales and the effectiveness of your advertising budget is to raise the average order value for your company. Offering POS financing is a good approach to raise your AOV if you're a retailer seeking for strategies to do so.</span></span></span></p> <h1><span style="font-size:14pt"><span style="font-family:"Calibri Light","sans-serif""><span style="color:#2f5496"><span style="font-size:16.0pt"><span style="font-family:"Calibri","sans-serif"">How to offer POS financing?</span></span></span></span></span></h1> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">There are a few steps you can take to make sure you provide point-of-sale financing correctly. We can go over the most popular and convenient tactic:</span></span></span></p> <ol> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">Make sure your company requires customer financing. Are consumers looking at goods they can't afford to buy right away at full price?</span></span></span></li> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">After determining which point-of-sale payment platform best meets your needs, make sure to inform your consumers that consumer finance is an option.</span></span></span></li> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">Ideally, customers ought to be able to qualify for financing both in-person and online or via a mobile device.</span></span></span></li> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">If a customer is qualified for a POS loan, they should be able to learn about it almost immediately.</span></span></span></li> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">The product is delivered quickly to the customer, and you, the store, get paid right away. The loan provider will give the consumer with a repayment schedule.</span></span></span></li> <li><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">As with using a credit card, be aware that there may be a small fee associated with each transaction.</span></span></span></li> </ol> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt">POS finance and BNPL lending services are available to merchants through ChargeAfter's lending platform. ChargeAfter's financing platform can act as a third-party lender or </span><a href="https://chargeafter.com/why-chargeafter-launched-a-white-label-bnpl-buy-now-pay-later-service/" style="color:#0563c1; text-decoration:underline"><strong><span style="font-size:12.0pt"><span style="color:blue">white label BNPL</span></span></strong></a><span style="font-size:12.0pt"> provider for your business, depending on whether you require financing for online or in-person purchases.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> <strong><span style="font-size:12.0pt">Contact us</span></strong><br /> <span style="font-size:12.0pt">Charge After<br /> Sales: 888.272.7228 <br /> sales@chargeafter.com</span><br /> <a href="https://chargeafter.com" style="color:#0563c1; text-decoration:underline"><strong><span style="font-size:12.0pt"><span style="color:#0000cc">https://chargeafter.com</span></span></strong></a><br /> <span style="font-size:12.0pt">Support: <strong> </strong></span><a href="support@chargeafter.com" style="color:#0563c1; text-decoration:underline"><strong><span style="font-size:12.0pt"><span style="color:#0000cc">support@chargeafter.com</span></span></strong></a></span></span></p>
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