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NewProducts
Help merchants scale with
fair, ethical, fee-free lending
In addition, the company noted, all information on payment
installment times and totals is customer-facing, with no
hidden fees, which keeps transactions fully transparent to
consumers by showing them exactly what they are paying.
DivideBuy also provides additional flexibility by giving
consumers the option to change repayment dates online
while maintaining total visibility of their finances.
ISOs, agents and sales channel partner benefits
ounded in 2014, DivideBuy is a lender and tech-
nology platform provider on a mission to trans- DivideBuy's intuitive lending solution embodies fair and
form POS finance by offering innovative, afford- transparent finance, the company stated, pointing out that
F able consumer credit solutions online and at the DivideBuy and sales channel partners can help merchants
POS. The company's eCommerce credit plugin integrates boost revenue by offering alternative payment methods to
with leading shopping carts, including Shopify, Magento, their customers, which can increase average ticket size and
WooCommerce and Craft Commerce, the company stated. reduce shopping cart abandonment.
By scrapping late payment fees for customers, DivideBuy DivideBuy's fast, automated onboarding processes have
provides fair, flexible and ethical finance designed to been shown to help merchants lower customer acquisition
support consumers through all of life's major purchasing and administrative costs, the company noted, adding that
milestones, the company added. Participating merchants its rigorous due diligence has reduced delinquency levels
can opt to self-install the DivideBuy eCommerce plugin or to just 3 percent.
ask DivideBuy for assistance.
Company representatives additionally noted that the
Designed to fit seamlessly into a merchant's existing company's consumer lending solutions are designed to
checkouts, DivideBuy's solution can also track a customer's solve numerous pain points for merchants while making
journey throughout the payment process, providing purchases more affordable for shoppers. As a credit lender,
valuable data for merchants to improve marketing offers, DivideBuy takes on all credit risk, they added, meaning
such as discounts, to deepen customer loyalty and give a merchants don't have to wait for repayments to be made
more intuitive customer experience, with tailored payment before getting revenues.
plans based on the customer's profile.
Data-driven business insights
Interest-free monthly installment plans
Data insights generated by customer buying behavior and
Stressing the importance of responsible lending, DivideBuy harnessed through DivideBuy's agile tech stack has helped
enables merchants to offer customers interest free monthly participating merchants enjoy a 70 percent increase in sales
installments over extended time frames—up to 12 or 24 conversions, 43 percent increase in big-ticket item sales and
months. This is a longer repayment time frame compared a 35 percent increase in average ticket sizes, the company
with other providers in the sector, DivideBuy noted, which noted.
helps make large-value purchases more affordable for
budget-conscious shoppers. By owning the entire lending journey, DivideBuy gives
consumers the reassurance of knowing they're in control
DivideBuy's speedy application process and immediate of their finances and can make informed decisions for
decisioning enables customers to spread the cost of larger-value purchases without fear of penalties or fees if
purchases with no hidden charges. The company uses their financial circumstances change, the company said,
automated decision-making algorithms to ensure the adding that these assurances help merchants boost sales,
entire credit approval process takes less than 60 seconds, improve cash flow and forge deeper relationships with
according to company representatives. their customers.
The resulting information and customer data enable
DivideBuy to present the consumer with personalized Company: DivideBuy
payment deals and soft-search credit checks that don't harm Product: BNPL
the customer's credit score. This soft-search methodology
helps consumers stay apprised of credit worthiness and Website: https://dividebuy.co.uk
repayment options before they check out. Contact: hello@dividebuy.co.uk
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