With holiday spending projected to hit $1,638 per shopper, a 7% rise from last year, retailers face a dual challenge: meeting consumers’ desire to splurge while protecting them from financial pitfalls. Last Christmas, 34% of Americans went into debt, with many facing staggering interest rates of 20% or more.
So how can retailers empower holiday shoppers without contributing to unhealthy financial habits? By partnering with reputable banks and lenders to offer personalized, flexible, and transparent point-of-sale (POS) financing options.
Discover how leveraging trusted bank-backed financing solutions not only helps customers manage their budgets but also builds loyalty, increases conversion rates, and drives long-term brand value.
Read more to learn why responsible financing is the gift that keeps on giving—for both consumers and retailers in this Total Retail article.
