Zip Loan has announced the launch of buy now pay later (BNPL) plans, allowing Powersports retailers to offer customers payment plans at the point of sale, driving sales and improving profitability.
More information can be found at https://www.zip-loan.com
A leader in retail consumer borrowing, Zip Loan provides its customers with a wide range of customizable payment options. In partnership with a large network of financing firms, Zip Loan offers a variety of credit promotions in addition to offering installment and lease credit, private label revolving credit, and other types of short-term financing.
According to Fit Small Business, a small business resource center, 55.8% of consumers used BNPL, with the service seeing an 85% growth in 15 months over 2020-2021. Both consumers and businesses stand to benefit from point-of-sale BNPL solutions. It can offer applicants a quick approval procedure and covers a range of businesses.
The objective of Zip Loan’s cooperation with top financial institutions and lenders is to develop a seamless point of sale offer for Powersports dealerships and equipment retailers. Because they can view all of their options in one place, consumers are more likely to make a purchase.
For a seamless procedure from beginning to end, APIs enable the application, credit rating, pre-approval, and final offer. Each financial service provider has a workflow that is specific to the algorithms and required features it offers. These APIs swiftly and efficiently handle unique requirements.
The solution modules function separately and in conjunction with an existing customer system. The software is readily integrated into the modular payment solution, or the Zip Loan development team can create a special bridge. Clients can use an existing interface or design their own to match their branding requirements.
A spokesperson for the company said: “By providing buy now pay later technology that enables dealerships and equipment shops to provide payment plans at the moment of sale, Zip Loan is revolutionizing the Powersports sector. Businesses and consumers with various credit levels can take advantage of Zip Loan’s simple and open payment options. It involves more than just exchanging money, and businesses can create lasting relationships with their clients.”
Interested parties can learn more at https://www.zip-loan.com
Name: Joe Toth
Email: Send Email
Organization: Zip Loan
Address: 624 Matthews-Mint Hill Road Suite 115, Matthews, North Carolina 28105, United States
Release ID: 89081690