1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Financing FOr Customers Online

Discussion in 'Business & Tax Advice' started by Dan Da Man, Jun 19, 2014.

  1. Dan Da Man

    Dan Da Man Elite Member Premium Member

    Joined:
    May 31, 2011
    Messages:
    1,850
    Likes Received:
    937
    Occupation:
    Duh
    Location:
    San Diego
    Home Page:
    Hey,

    I have an ecommerce site and our products sell for $1,000 - $2,500 and I want to give our customers the option to finance.

    I know paypal has the bill me later but what other options are there out there?

    A lot of these companies charge the merchant a fee (which is rediculous) and the customer a high APR.

    Thanks
     
  2. ideascomes

    ideascomes Junior Member

    Joined:
    May 14, 2014
    Messages:
    118
    Likes Received:
    13
    Are you asking for ecommerce payment getways?
     
  3. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

    Joined:
    Aug 18, 2010
    Messages:
    4,663
    Likes Received:
    7,108
    Occupation:
    Generate Leads With FB Ads For Just $1
    Home Page:
    You could make a payment plan... i.e pay $200 every month or what ever.

    Just create a subscription.
     
  4. Dan Da Man

    Dan Da Man Elite Member Premium Member

    Joined:
    May 31, 2011
    Messages:
    1,850
    Likes Received:
    937
    Occupation:
    Duh
    Location:
    San Diego
    Home Page:
    The only problem with that is if they cancel the subscription. this is for a physical product. Financing companies deal with that which they have a business set up to do that.

    Anyone?
     
  5. burnett4congress

    burnett4congress Jr. VIP Jr. VIP Premium Member

    Joined:
    Nov 17, 2011
    Messages:
    402
    Likes Received:
    162
    There is a whole world of vendor financing out there. The first step would be to talk to your merchant bank. They will be more than happy to help you out.

    Depending on how you go about it and the quality of your buyers, you might be losing a significant chunk of the purchase price.