ChargeAfter

  Credit can be given to customers at the point of sale (POS) when they are prepared to make a purchase. Credit cards, credit lines, and unsecured loans, commonly referred to as point-of-sale loans, are examples of this kind of finance. Customers can make additional payments over time with the POS loan option in particular, and it can be a potent sales generator for your company. Auto dealers, retailers, and other companies that provide expensive goods and services have long employed POS loans. The repayment terms of the loans are frequently variable, which can assist borrowers in controlling their own cash flow. The buy now, pay later (BNPL) activity, which has grown to be a highly popular POS financing option today, is based on this kind of lending. A financial services company that provides real-time financial solutions for business owners believes that when done properly, point-of-sale financing benefits both businesses and customers. How does it work? Few companies hav...

  Financial services companies have traditionally focused their strategies on lenders. Financial services, however, have had to reorient that strategy as a result of big data, social networks, and evolving purchase methods. A more customer-focused strategy is necessary nowadays. Building an omnichannel lending journey can assist your business in reorienting how it handles loan requests and deals with consumers throughout the loan process. The customer is positioned at the center of the strategy via omnichannel experiences, which enable your lending service to grow over time. But the advantages go further than that. Your consumers will always have the same experience thanks to an omnichannel loan journey, regardless of the channel they choose. People tend to move at an extraordinary rate these days because life has become faster in general. Because of this, while purchasing any services or goods, customers choose to work with the business that offers the quickest and most comfo...

  The shopping experience today is evolving and getting more complicated while yet being a pleasant affair. Retailers and FinTech firms are providing a variety of consumer financing solutions due to the price fluctuations and quick pace of life, which make it challenging for consumers to make one-time purchases. Consumers of days are extremely fond of POS finance and BNPL loans. To give customers the financing choices they required, businesses developed new, simpler ideas when the decrease rate increased as a result of the epidemic. For the younger generation with less experience and income history, credit cards and typical installment loans are not accessible because they require solid credit history and income. Because of this, straightforward BNPL lending and point-of-sale financing have gained popularity. ·          In 2021, only US mortgage volume was predicted to surpass $ 2.75 trillion. While some analysts predict that between $3 ...

  Point of sale (POS) finance is one of the many forms of credit. Similar to other forms of financing, POS financing allows clients to split the payment into several smaller installments. So, what exactly is POS finance and how does it operate? What Is POS Financing? POS financing, often known as POS lending, is a type of short-term credit that enables customers to make a purchase and subsequently pay the price with a payment plan. POS financing is provided by banks, credit unions, and third-party financing platforms. This style of monthly payment plan works well for major purchases like cars, furniture , and vacation packages, but it may also be used for smaller ones. BNPL , or buy now, pay later, arrangements, are closely tied to point of sale finance. Because the loan amount is often lower with BNPL, the lending standards are much less strict. For point-of-sale loans to be approved, a credit check, rea sonable interest rates, and credit score are necessary. The ...

  Buy now, pay later is becoming increasingly popular, set to exceed $181 billion in global payments this year. This growth in popularity and demand brings opportunities and challenges for retailers. Adding additional steps to the checkout can cause friction at the most pivotal stage of the conversion journey, resulting in abandoned carts and a negative brand impression. Approval rates are declining and the checkout is getting more cluttered and confusing. The triangle-shaped alliance between BNPL service providers, retailers, and consumers is also starting to fray. With rising concerns over mounting consumer payment plan write-offs and the sale of customer information, legacy BNPL providers are coming under increased regulation, inspection, and criticism. These problems may immediately reflect poorly on the retailer in the eyes of the consumer, harming the retailer's reputation. To assist retailers to regain control over the user experience and lessen the clutter and uncer...

  Leading companies are evaluating the selection of Buy Now, Pay Later (BNPL) suppliers as BNPL solutions gain popularity. How a BNPL service may affect your customers' experiences is a crucial aspect to take into account. A BNPL strategy should boost conversions, promote a positive brand impression, and generate sales when correctly deployed. On the other hand, a poor BNPL experience can damage customer loyalty and give you a lot of abandoned carts. The overall cart abandonment rate was found to be 69.99% using the most recent data available. This number is the average of 48 research that collected data on e-commerce shopping basket abandonment. It's crucial to pick a BNPL supplier that values and protects your client relationships. At the financing platform of ChargeAfter ,  we created our exclusive white-label BNPL service with your knowledge of what matters most to your business and your customers in mind. Top 3 Reasons to choose White-Labeled BNPL You can u...