No matter what type of business you own, you need to be able to encourage more sales and close more deals in order to keep growing. In many cases, your customers and clients may be interested in the higher-end products or services you have to offer, but feel those items are out of their price range. This is why many businesses have chosen to offer point of sale financing like the kind offered through LendingUSA’s merchant portal.
Point of sale financing gives you a streamlined way to increase your customers’ purchasing power, and ultimately your revenue. There are several benefits to offering this type of financing at your business or practice – here are just a few.
1. It Attracts More Customers
Potential customers may be worried about how their budgets will be affected by a major purchase. By offering financing, you can give them peace of mind with a simple and affordable way to pay for something that may otherwise be out of their price range.
Plus, by keeping things at the point of sale, customers don’t have to go to a bank or credit union to get a loan. Instead, they can quickly handle everything in one location; LendingUSA’s merchant portal, for example, can complete the entire loan application process in as little as seven minutes.
2. It Builds Better Relationships
Customers appreciate when you go out of your way to provide them with better service. With its fixed monthly payments and competitive interest rates, a personal loan from LendingUSA can be a more affordable option for many people than putting a large balance on their credit card. People often stress when they’re considering a large purchase; offering point of sale financing shows you care about the customer’s concerns, and are ready with a solution.
3. It Helps Creates More Sales
One way to grow your business is to sell more big ticket items. Unfortunately, a high price tag can often be a hindrance. For example, a cosmetic surgery practice’s clients may opt for cheaper, less comprehensive services, rather than the complete makeover treatment they would prefer.
With point of sale financing, you can make it easy and convenient for your customers to purchase the product or service they really want. By offering fast, easy access to personal loans, customers will be encouraged to purchase larger items on a more frequent basis.
4. It’s Easy to Get Started
Simply schedule a free demo online, and a LendingUSA representative will reach out to you at a convenient time and walk you through our merchant portal technology. After that, one of our personal relationship managers will guide you through the enrollment and activation process. This personal relationship manager will act as your go-to point of contact and will ensure you’re fully prepared to support your customers when they apply for financing, so that the entire process is as seamless and straightforward as possible. After that, you’ll be ready to offer your customers a fast, convenient way to make the purchases they really want!
Point of sale financing is a smart way to grow your revenue and increase customer satisfaction. By becoming a LendingUSA merchant partner, you’ll be in a position to help your business reach its full potential.