If your business wants to offer financing but isn’t ready for in-house financing, third party financing will be a great option for your business.
What is third party financing?
When your business chooses to outsource to a consumer finance provider such as Financing Your Way, you avoid the headache of tracking customer payments and balances. Your company simply introduces the application of the consumer finance providers to your customers. Applications will have your company’s logo so that customers know they are applying for financing with your company. The application is instantly approved and your company receives payment in full within 2 – 3 business days. There are no risks and consumer finance providers like Financing Your Way will track and handle future payments with your customer.
What are the benefits?
There are several benefits of offering third party financing through consumer finance providers like Financing Your Way.
No Complex Accounts Receivable Systems
When your business uses third party consumer finance providers you don’t have to track accounts receivable, because you are paid in full. This means your company increases revenue while still offering flexible payment options. No more waiting to get paid. Funds are made available almost immediately.
No Risks for Your Business
If your customer does not pay, there are no added risks for your business. Consumer finance companies like Financing Your Way takes on all of the risks. Your payment is received the same week that the customer is approved and there is no recourse if future payments aren’t made.
Happy Customers
Customers are pleased and feel special when your business offers flexible payment arrangements. Everyone wins when you offer third party financing.