Ecommerce
POS Consumer
Financing
Program
Your customers should be able to purchase your products regardless of their credit history. Good credit, bad credit or no credit, MDG Financial offers your customers the opportunity to offer point-of-sale financing on their purchases. Each purchase becomes more affordable. As a merchant you benefit from being able to recognize the revenue right away.
Your customers should be able to purchase your products regardless of their credit history. Good credit, bad credit or no credit, MDG Financial offers your customers the opportunity to offer point-of-sale financing on their purchases. Each purchase becomes more affordable. As a merchant you benefit from being able to recognize the revenue right away.
Average Order Lift
Consumer financing can drive a 75% lift in average order value (Forrester, PayPal, TEI Study).
Increase Conversions
For Large ticket items, consumer credit can be the difference between a conversion or an abandoned cart.
32% Increase in Sales
Forester Research study found that companies that implemented an online POS financing option experienced a 32% increase in sales. (Forbes Article)
Who is MDG Financial
MDG Financial provides consumer financing programs to ecommerce merchants. As an ecommerce merchant, you can offer your customers a line of credit through the MDG Financial platform. MDG Financial takes care of all the necessary background checks so that your customers can secure a line a credit to use at your store.
Good credit, bad credit or no credit, MDG Financial has worked with a wide spectrum of consumers with varying credit ratings and incomes. Just because a customer has a low credit score or may not have credit at all, doesn’t mean they don’t have buying power.
Let’s face it! Not every person has a credit card. If they did, not every person is willing to pay for bigger ticket items on their credit cards.
Our goal is to help minimize any friction points when making a purchase. This way you’ll have higher value transactions and lower cart abandonment.
When it comes to grabbing the attention from younger consumers, who’ve grown up mobile-savvy, they’re much more opened to using alternative FinTech solutions that don’t come from a bank. These consumers embrace and come to expect that eTailers can offer them POS (Point-of-Sale) consumer financing solutions as a payment alternative.
As a merchant, you get paid upfront, while we take care of the back end! We manage the underwriting, the risk and the administration. This way you can focus on growing your business. Partner with MDG Financial for your POS consumer financing solutions.
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Benefits for Your Customers
Buying power! With a pre-approved line of credit through MDG Financial your customers have the ability to buy bigger ticket items which otherwise they may have passed up.
- Your customers will know within seconds if they were pre-approved
- Your customers can be pre-approved for up to $3200 CDN to buy products from you
- Easy online application
- Flexible payment plans
- Free credit monitoring program
Benefits for Ecommerce Merchants
Price is the largest hurdle when it comes to large ticket items. By offering your consumer financing, turns big purchases into affordable payments — they can afford. This can drive up their cart value and their lifetime value.
- Receive funds upfront with no credit risk to your business
- Increase your sales revenues
- Improve customer loyalty and incremental sales
- Improve your customers’ experience by providing alternative payment solutions