ChargeAfter’s omnichannel multi-lender platform with more than 30 pre-integrated leading lenders augments merchants to offer multiple consumers and B2B financing options using a single application directly on their ecommerce website or from a retail location while receiving up to 85% financing approvals in less than 3 seconds.
ChargeAfter’s BNPL financing platform provides financing options for shoppers, regardless of their banking history, including 0% APR, open lines-of-credit, short and long-term instalments, card instalments, lease-to-own, as well as B2B.
According to a recent study cited by the company, 55% of consumers surveyed have used a buy now, pay later service, up from 37% in July of 2020. An increase of almost 50% in less than a year. USD 680 billion will be spent by global consumers using a form of point-of-sale financing in ecommerce channels alone by 2025. This will represent a 92% rise over the USD 353 billion spent in 2019, according to Kaleido Intelligence.
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