On May 21, 2020 at 16:21, tca said...
We are running into issues where we are losing sales due to lack of a customer financing option. I have a feeling this is going to be a bigger issue due to the virus for a while.
Does anyone currently use any of the financing companies, and if so, do you like them?
We looking into a few and they all seem to charge us which we don't want.
Everyone charges. Financing companies charge more than CC companies do. CC companies charge ballpark 1.5%-3.25%, depending on card, swiped vs. not, etc.
In my former retail-based life, financing was a big thing to get and grow deals. With the clientele we deal with now, I think I've had 2 people ask about it over the last 15 years and 1000s of transactions. How many clients have asked you about this option?
NOTE: Financing is normally very expensive for you. It's one of the reasons the big box stores normally won't touch the price if financing is involved.
