Consumer credit is a very effective tool to help merchants close sales and increase average order value, allowing customers to finance purchases that they otherwise could not afford or at an amount they could not afford. Helping a customer buy the right product, as opposed to the wrong one but at a lower price, will give a customer the most long-term value and create loyalty with a merchant.
Traditional consumer credit companies are often difficult hard to work with and do not effectively integrate with traditional credit card processing. We are close to securing an offering for our members where they can provide instant credit approvals to their customers – processing through a traditional bank gateway. This will enable merchants to service their customers’ needs for consumer credit in an easy, fast and customer friendly way.