Retail and Point-of-Sale
The Challenges
Abandoned shopping carts Research shows that cart abandonment rates can reach as high as 85% on mobile, with an average of 70% abandonment across e-commerce channels. That means every second counts during checkout, and any rent-to-own or other point-of-sale retail financier risks losing customers if they cannot move fast enough.
Inability to scale and adapt Inflexible decisioning systems can keep your business from growing, be it with additional products, locations, or partners. Without the right easy- to-use technology, you cannot meet increased or changing customer demand swiftly and easily, giving your competitors the advantage.
Complicated user experiences Seamless financing integration into a shopper’s experience is no longer a bonus; it is now an expected feature. Each additional click an applicant makes at checkout takes them further from completing the sale - exceptional retail lenders make the experience as simple as possible to avoid cart abandonment.
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