Retail Finance Explained

Retail finance (or point of sale finance) is a payment option which lets consumers spread the cost of a purchase over a series of smaller instalments.

There are various retail finance options available to merchants – but how do you know which is the right one for your business?

Whether you’re new to finance or considering a change in provider, use this practical list to tick all the right boxes – and find the best lending fit for your business. 

Retail Finance is different than Buy Now Pay Later, which is typically short-term, interest free borrowing like Pay in 3 or Pay in 6 months plans.

There are a whole range of Retail Finance options to choose from for your business. However, these can ultimately be grouped into two categories: regulated and unregulated finance.  

Integrating a retail finance product into your eCommerce checkout can be a quick and effective way of adding ‘spread the cost’ options as a payment method for customers.  

Once you’ve got your retail finance solution up, be sure to keep your foot on the pedal so you can capitalise on its success.