Increase Your Brand’s Revenues with this Payment Method

Man using a software for his payment methodAs someone who has worked or continues to work with big-box retailers, you most likely have already noticed how these companies turn the attention of their customers to their consumer credit products and services.

This type of financing is not new in the market, at least not for large retailers, seeing as they have used and benefited from them for so many years now. Merchant financing offered by firms such as Vyze, when properly used and managed, delivers a win-win scenario for both the seller and the buyer.

And the good news is, with today’s financing technology platforms, even smaller retailers can now utilize it to grow their business.

Modern FinTech for the smaller organizations

In the past, smaller businesses did not have the chance to reap the benefits of this form of financing, since back then most platforms were ideal only for the use of bigger organizations.

In other words, they came with a large price for setting up the program, not to mention the need for the funds they can use to “lend” to their customers. Furthermore, the additional risk that came with financing was only something that bigger names in the industry can deal with.

Nowadays though, many thanks to the considerable improvements in financial technology, even merchants who still have a lot of growing to do can now benefit from this.

The benefits in a nutshell

When you offer financing to customers, you give them a greater level of purchasing power. This, in itself, already makes your store more favorable than others, especially the competition asking for upfront payment.

Also, this increased buying power also encourages buyers to make larger average order value, which ultimately results in higher revenues for your brand.

Developers have realized just how great of a help such technology can deliver to smaller businesses, so as a small business owner yourself, you should already recognize its benefits as soon as possible too.