Thursday 13 September 2012

Offering Retail Finance to your customers



Based on our recent experiences in the market and client discussion it is clear there are businesses in the market offering a "retail finance solution" who either don't know what true retail finance is or are deliberately misleading potential clients. I'll come back to this in a minute.

Moneysolutionsuk bring you Retail solutions, a genuine alternative to retail finance. Our aim is to give customers more freedom in choosing how they pay for goods and services and you the retailer transparent advice on the variety of retail finance solutions available to you in the marketplace. We can and will where appropriate recommend  a direct lender option to you if we believe that your business will qualify for such an offer. If you can afford to offer your customer interest free credit or subsidised rates on interest bearing credit AND get paid directly by a lender then frankly why wouldn't you? 

Interest free finance is by far the most attractive payment proposition in the market. It is widely used by retailers in many markets from computers to clothes, kitchens to furniture. Granted lenders will credit score each arrangement quite carefully being that they are, after all usually lending on an unsecured basis but you will none the less still find a significant uplift in sales conversions by offering finance to customers.

Retail Finance Solutions

Available to retailers who sell online as well as in store, we can offer businesses a full range of retail finance solutions including traditional point of sale Interest free credit or interest bearing options. Traditional retail credit products such as interest free credit or buy now pay later enable retailers to improve their sales by giving customers choice in how they pay for goods and services. The figures generally banded about are that you will see a 20% uplift in sales, both in terms of average transaction values and incremental sales.

Moneysolutionsuk can also help businesses all over the UK who perhaps can't get a relationship with the mainstream retail finance companies to offer credit or loans as a supplement or alternative to cash or credit card purchases. Now as someone who has  struggled to sell something to businesses he doesn't believe in or agree with I have no issues in saying that should  you be looking at a broker based alternative to retail finance then please be careful about parting with a large up front fee or regular fees, in my opinion you are simply not getting value for money.

For more information on retail finance visit our website and drop us a line or even give us a call - we'll be as straight with you as possibly can be.


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