B2B Vault Episode 3: Consumer Financing For Merchants

Written by Allen Kopelman

October 7, 2021

Hey, Allen Kopelman here with another episode of the B2B Vault brought to you by NPS Bank and The Payment Advisory Board. So today I want to talk to you about consumer financing and what’s going on with businesses and consumer financing today we’re facing, you know, different things in our, and everybody’s facing different things in their business. So people have lower credit scores. We’re dealing with this, you know, pandemic situation, and the economy’s going up and down. And so, you know, many things are going on and there’s consumer finance is a growing, growing thing that businesses need in their business. So if you sell hard goods, we have consumer financing for you. If you’re a dentist’s office, we have consumer financing for you.

What’s great about the products that we have. You probably already use a consumer finance product in your business, but we have finance products that take people with lower credit scores. So this way you can increase your sales, you can increase your transaction size and you can service more customers, you know, with our products, there’s no monthly fee. So you don’t have to worry about paying a monthly fee for the service and it, and it’s really good. And you know, someone doesn’t qualify for the main service that you offer, you know, have a secondary service from nationwide payment systems. And we match you up with all types of different services that we offer another great service that’s out there is buy.

Now, pay later. This is growing immensely, everywhere. You can put it on your website and now we have it where you can have it in your business. So we make you like a little page that you pull up in your store. Somebody wants to do buy. Now pay later, break it into four payments. You can do that right at the counter. You can make extra sales right there in your business. And someone can divide it up into four payments. They pay the one payment today and then three more payments, 30, 60, 90 days later. And then you get all your money upfront.

So you’re getting a hundred percent of your money now and the consumer’s getting Buy Now Pay Later. This is really growing with the younger people. Um, it’s a really, really growing with that group of people they want to buy. Now pay later. They want to have flexible terms when they’re buying certain things that are, you know, expensive things from $250 up to a few thousand dollars. We also have buy now pay later that works for CPAs and lawyers, and that allows, uh, CPAs and lawyers to extend credit to their clients, get paid a hundred percent now and their clients can make the payment over 12 months.

So someone knows you 10,000 books instead of waiting for your 10,000 hours and hounding them down or $5,000. And then trying to collect little bits and pieces each month, you can set them up with a simple finance program and these finance programs, they basically cost you nothing. So if you want to find out more about offering consumer finance and your business contact NPS bank.com, you want to have buy now pay later in your business, in your business for retail. You want to put it on your website. We have everything for you. Call a consultant at NPS Bank and set up consumer financing for your business.

This is Allen Kopelman with another episode of B2B Vault and keeps a lookout, we’re going to have a special episode on buy Now pay later in the next couple of days, this is a great product. Boom.

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Merchant Statement Analysis | Merchant Services Statement Analysis
Merchant Statement Analysis | Merchant Services Statement Analysis
Merchant Statement Analysis | Merchant Services Statement Analysis


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