Snap Finance

                                                 Introduction

With the help of lease-to-own finance company Snap Finance, consumers with poor credit may now purchase the items they need and pay for them over time with manageable monthly instalments. Everyone should have access to financing, according to Snap's guiding concept. It's simple to apply, and Snap doesn't base acceptance decisions on FICO ratings thanks to its smart algorithms. Customers are immediately informed if they have been authorized.

Additionally, Snap is a firm believer in complete transparency, so customers can lease a vehicle without worrying about unpleasant surprises or additional fees. With Snap, customers may choose from a variety of flexible payment plans, including the 100-Day Payment option, which significantly lowers the overall cost over the typical full-term lease of 12 months.

Snap Finance desires the success of their Merchant Partners while assisting their clients. Snap generated $890 million in merchant sales in 2019 and processed over 870 thousand lease applications. Some businesses have seen approval rates of up to 80%.

By providing a financing alternative to credit-challenged shoppers who might otherwise go empty-handed, you can draw more clients and increase sales for your company.

Features:-

• Business for merchants is still being driven by Snap Finance. In 2019, Snap contributed to our merchants' $890M in sales.
• For businesses using Snap, the acceptance rate can reach 80%.
• Up to $5,000 is approved by Snap.
• Retailers on Snap gave their overall satisfaction an NPS of 84.
• With the use of Snap's 100-Day Cash Payoff option, customers can end their lease in 100 days by paying a small processing charge on top of their item costs.
• Snap assumes full liability for maintaining the customer's lease and preventing fraud.

Security:-

• Between WooCommerce Merchants and Snap Finance, no PCI data will be sent.
• On your checkout page, the Snap Finance Checkout extension will be added as a payment type, enabling WooCommerce to handle authorization and capture.
• When customers choose Snap Finance as their financing source, they are then directed through a different web experience hosted by Snap Finance utilising a popup modal. There, they complete an application procedure to be accepted for a lease by Snap Finance to finance their purchase. Upon approval and signature of the lease application, customers are returned to the merchant's checkout page to complete their transaction.

                                                                    Official Website