Offer Finance to Customers Need Help!

MHI

Hope someone can point me in the right direction, i have a SME Business that offers Smart Home Installations & Cinema Installations.

One of my trade suppliers has recently offered their customers finance through PayPal Credit, the supplier is based in the UK.

I don't think PayPal Credit is available in Ireland, I've tried searching google but all that comes up is you must be a UK resident.

PayPal Credit offers up to 18 months interest free credit, which would be perfect for my business and help clients spread the costs over a longer period.

I would be paid straight away so really the contract is between the Customer and the Finance company.

I'm looking for some similar finance company that offers this in Ireland.

listermint

We used these in a B2B capacity in the past, not sure if they would do Customer facing finance but i suppose all options are worth exploring


http://www.shireleasing.co.uk/vendor-finance/financing-solutions


The type of finance offered above though would be few and far between these days with the whole credit issue we had.

MHI

thanks very much for the post, i'll call them and see what they are about.

Do you know if PayPal Credit is available in Ireland?

listermint

No idea unfortunately.

GeeGee21

Looking for a similar service in Ireland. Did you manage to find a solution?

Thanks

Mick Tator

The first issue is that the rules have changed completely since this old post was initiated. GDPR and CBI regulations, a legislative minefield for the uninitiated. You need to tie up a link with a finance company and outsource the finance application process to them.

walterking

Flexifi / Humm is what you need.

You can decide on what interest rate is charged and that will determine the cost.

They tend to want about 12% - so you can build in 6% into your price and then offer a 5.99% interest, or you pay 4% and offer 7.99% interest