Why ChargeAfter Is The Best Consumer Financing Solution For Your Online Store

Feb 19, 2021

Choosing the right financing solution and payment gateway for your online store is one of the most important factors to consider. Choosing the right one means that AOV’s, revenue, and repeat customers will start increasing. Choose wrong, and this may lead to more abandoned carts! 

ChargeAfter’s Point of Sale consumer financing solutions allows online businesses to increase AOVs by up to 45% and increase sales by up to 30% without compromising the shopping journey or sending your customers into a downward spiral of debt!

Putting You And Your Customers First

Your online payment and consumer financing options should be a symbiotic relationship, meaning that it works for you and your customer. And most importantly, it should be as user-friendly as possible and come with as little risk as possible for both parties. Here are some ways in which ChargeAfter can help elevate your online business and assist in building long-term relationships with your customers.

Consumers Can Shop At Anytime 

Gone are the days of waiting for payday to roll around! There used to be a time where the only options available for payment online were credit cards and debit cards. And if you didn’t have a positive balance in your account, then the goods you wanted to purchase had to wait until the following payday. This was not only frustrating for the consumer, but online retailers had to brave the dry spell – that awfully slow period between bill payments and the middle of the month! With ChargeAfter’s Buy Now Pay Later (BNPL) solutions consumers are given the freedom to purchase from your store and pay for the products in interest-free, affordable monthly installments instead of laying out the total amount right then and there. 

Higher Buy Now Pay Later (BNPL) Guaranteed Approval Rates 

Applying for credit has to be the most tedious process known to man! The forms, the long wait, and the uncertainty are common pain points surrounding credit applications. It is a lot of effort to go through especially when there is no guarantee that the application will be approved. From a consumer perspective, this does not bode well for a great shopping journey. From the merchant’s perspective, every rejected credit application means one less sale for your business.

The ChargeAfter application process takes a fraction of the time – a few minutes to be exact. And your customers don’t even have to leave the checkout page to apply. It is a simple process that requires minimal information and zero paperwork. Approval rates are also higher thanks to our unique waterfall financing structure!

More Choice

For consumers, signing up for a credit card means they have to agree to the lender’s terms, which, let’s be honest, rarely suits everyone’s unique financial needs. The interest rate offered is high, the payback and installments fluctuate, and there is no room for negotiation on these terms. 

With ChargeAfter’s unique waterfall financing, consumers have more choices and flexibility. With this multi-lender approach, retailers are able to offer a diverse range of financing options ranging from prime to subprime lenders. This enables consumers to pick the best terms and payback structure, giving them more confidence to purchase your products and also make purchases of a higher value! This equates to more sales and higher average orders for your business!

The Bottom Line

ChargeAfter is a secure and innovative payment solution that has your business and consumer needs top of mind. With our seamless integration, diverse consumer financing terms, and higher approval rates your business can reap the rewards of more repeat customers, higher AOV’s, and more sales! 

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About the author
Chris Lloyd
“ChargeAfter is amongst our top rung of partnerships, and they enable us to deliver consistent. The conversion uplifts ChargeAfter creates helps drive strong value for DXL Group and our customers.”