Reducing financial friction
Since customers are not forced to make a single payment, the financial friction associated with the purchase is virtually eliminated.
This, in turn, reduces the pain of paying and transforms the shopping experience into a more pleasant one.
We told you just now: Financed payments help overcome the money objection of those consumers who are overwhelmed by the initial cost.
Increase in sales
Funded payments increase sales by allowing a uk telegram database wider audience to participate in the purchasing process.
Do you want to invoice more? Enable the installment payment option – preferably without interest – and achieve that goal.
Although one-off payments provide us with good cash flow, we have to be honest: our turnover is also increasing thanks to the flexibility of this strategy.
Physical company
A furniture store offers interest-free financing options for purchasing outdoor furniture.
This allows customers to purchase high-quality furniture without having to pay the full price up front, which increases sales and improves customer satisfaction.
Digital business
A graphic design software company offers a monthly subscription plan to its platform with the option to pay annually at a significant discount.
This flexible pricing structure allows users to choose the option that best suits their financial needs, which improves customer retention rates.
Simple examples of funded payments
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