In Depth: Financeit

If you’re someone who has a good or service on offer, you need to have every advantage at your disposal to attract customers and make sales. One of the better ways to do that is by offering financing as that makes life easier for your customers to get what they want and pay for it in a way that’s comfortable for them. But the question is, how do you do you offer financing in a way that is easy for you to administer and easy for them to access? Toronto based company Financeit has the answer in the form of their easy to use cloud based platform. Here’s how it works:

  1. When you as a retailer set things up on Financeit, you get a unique URL that you can post on your website or share with your customers. Customers can use that URL to apply online.
  2. Once the customer completes their application, you verify their ID and follow any other instructions that Financeit presents to you.

Approvals can take minutes and no personal information is shared between the vendor and customer. That’s key because not everyone is comfortable disclosing personal information. Another key point is that the process can be paperless. Financeit has an iOS app that allows you to use e-signatures to finalize loan agreements and take pictures of important documents.

Some other things that make Financeit unique:

  • No hidden fees and no backdated interest. In other words, everything is fair and transparent.
  • Fixed terms and monthly payments.
  • Lower interest rates than most credit cards.
  • No penalties for paying a loan off early.
  • No monthly access fee.
  • No merchant processing fees.
  • Free standard programs.
  • Low cost promotional programs to help sell more.

But the really big point that I need to bring up is their customer service. They’re not just nerds who communicate well. They are people who are part trainers, part marketing coach, and part tech support agent. That’s a very unique skill set and kudos to Financeit for recognizing that retailers need that level of support and finding the people who have that skill set.

The Financeit platform is well suited to a number of different types of businesses and the company can provide everything you need to fully leverage the platform from marketing materials to training. Thus you would as a business owner would have everything that you need to take your business to the next level. For those reasons and more, Financeit is very much worth checking out.

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