Retail Ruby
With two jewels down, you’re eager to discover the rest. You see the route to the location of the Retail Ruby takes you through uncharted waters - waters that some say contain a fierce sea beast. You, however, are unconcerned. You’ve taken on far worse than a fierce sea beast: your competition. Well done! You have found the chest of the Retail Ruby and are another step closer to collecting all five legendary lending jewels. To learn the jewel’s secret to success, you must understand both the challenges and opportunities retail loans can offer.
• Instant, automated decisions Reclaim the shopping carts of the 60% of consumers who say they are likely to use POS financing over the next six to twelve months. Transform buyers into borrowers with automation that returns more accurate decisions and personalized offers to your customers in under a second. • Go to market quickly Launch new products in record time with decisioning technology that features no-code UI, putting any business user at the helm of innovation. Scale and pivot on demand, or leverage auto-scaling for multiple product lines to help your business evolve on your own terms. • Provide one-click applications Simplify both the frontend and backend with one-click financing processes. Data seamlessly integrates directly into your decisioning platform for instant approvals, saving your customers from having to leave the checkout screen even once. Embrace these opportunities with the power of the Retail Ruby and you will become a legendary retail and point-of-sale lender.
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.
Now what will you do? (click below to choose your path)
• 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.
Continue the journey and seek out the BNPL Bismuth
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