According to the press release, ChargeAfter connects retailers and lenders to offer consumers personalised point-of-sale financing options during shopping and at checkout from multiple lenders including Quadpay and Zip globally. Merchants on the ChargeAfter platform include leading iconic national retailers across home appliances, furniture, mattresses, consumer electronics and automotive, amongst other verticals.
Through this partnership, ChargeAfter will enable merchants to offer Quadpay’s and Zip’s transparent 'pay in 4' instalments product using ChargeAfter’s one step financing application. Consumers can split purchases into four payments with no tricks or hidden fees. There is no hard inquiry to the consumer's credit record and consumers are approved on a case by case basis.
Besides, the approval process is fast and consumers can set up automatic deductions from their debit or credit card. An initial payment equal to 25% of the total purchase price is due to complete the transaction.
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