More and more consumers are shopping online for their purchases, but some items come with a hefty price tag. For retail eCommerce clients, having financing options available can make the difference between making a sale and losing out to a competitor. Here are three reasons why.
Ecommerce clients who offer financing options are more likely to make a sale than those who don’t
If you’re a retail eCommerce client, chances are you’ve considered offering financing options to your customers at some point. After all, what could be more enticing to a potential buyer than being able to pay for their purchase over time? There are lots of benefits that come along with offering financing options to your customers. First of all, it makes your products more affordable and therefore more appealing to buyers.
Offering financing options can help ecommerce clients compete with larger retailers
As the retail ecommerce landscape has become increasingly competitive, offering financing options to clients can level the playing field against larger retailers. By doing so, businesses can provide their customers with the ability to make purchases now and pay over time. This not only helps to increase sales and grow revenue, but also fosters customer loyalty.
Financing options can attract new customers and increase loyalty among existing ones
There are many reasons why retail eCommerce businesses should consider offering financing options to their customers. First, it can help attract new customers who may not have been able to purchase your products otherwise. Studies have shown that consumers are more likely to make a purchase if they know they can finance it. Second, offering financing can also increase loyalty among your existing customer base. Customers who take advantage of financing options tend to be more satisfied with their purchases and are less likely to shop around for other options.
Some of the companies we’ve worked with are: Acima Leasing and Snap Finance.
If you have an eCommerce project where you need to offer shopping cart functionality, get in touch with Mindful Coding Solutions today and we can turn your project into reality.