Survive and Thrive in the Merchant Services Industry by Beauchamp Marc

Author:Beauchamp, Marc
Language: eng
Format: epub
Publisher: Marc J. Beauchamp
Published: 2020-03-02T00:00:00+00:00

What is POS financing?

POS financing is an instant-approval loan offer, whether online or in-person, that is typically presented to the purchaser during the sales process, before the transaction takes place. It provides financing options and enables customers to buy high-ticket items without having to worry about having the cash up front. Like traditional loans, loans financed through the point of sale will offer a range of interest rates, monthly payments, promotions and repayment periods, based on the creditworthiness of the consumer and the terms set by the provider.

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