GLOSSARY: POS lending
Why should I offer POS lending?
These are the top 4 reasons for offering POS lending to your customers:
- Boost your sales – Customers browsing on your website or online are more likely to make the leap to purchase if financing options are available.
- Increase average order (AOV) – Providing point of sale finance helps your customers increase their order value as they have more time to pay, allowing them to afford higher quality items.
- Attract new customers – Providing a streamlined financing program helps attract new customers to your business. These customers might find it hard to receive loans from other sources or are not eligible for a credit card.
- Payment upfront – Working with POS lenders means that you will get paid upfront for the full price of the item, while they collect the incremental payments from the customer. This limits the risk for you and improves cash flow.
See also POS Financing
Looking to implement POS financing?
Speak to one of our experts
Jifiti is transforming point-of-sale financing with cutting-edge technology, data and BNPL solutions.
Our white-labeled Buy Now Pay Later platform powers any bank loan program at any POS - bridging the gap between retailers, lenders, and consumers.
We offer retailers zero-integration POS financing, split pay and end-to-end retail gifting solutions.
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