By Katapult on Mar 30, 2021 9:51:00 AM
During the economic hardship of COVID-19, retail consumers became more interested in accessing credit to make purchases, and retailers became more interested in offering them.
But what happens to consumers without the credit score to qualify for traditional financing options? Oftentimes, they get left out. But rather than leaving those customers behind, enterprise retailers can accommodate them with buy now pay later (BNPL) and lease-to-own (LTO) solutions. With such solutions in place, more customers can access the products they need, and retailers can increase their transactions. It’s a win-win for everyone.
To learn more about alternatives to traditional financing like BNPL and LTO and how it can be beneficial, PaymentsJournal sat down with Tony Cerino, VP of Sales at Katapult and Brian Riley, Director of Credit Advisory Service at Mercator Advisory Group.