Selling in installments without risk

Selling expensive products in installments is a solution for more sales. But is it even possible to sell in installments without risk for the seller? The answer is yes, it is possible. In the following article, we explain how you can offer your products in installments without risk.

Payment by installments makes an expensive product affordable for almost everyone

Are you wondering whether selling in installments is a good move or not? On the one hand, you can sell more products thanks to installment payments and thus increase your turnover. On the other hand, you wonder whether your customers will even pay you the installments regularly.

But your customers complain about the high prices of your products and tell you that they would like to have the product but cannot pay for it in one go. They may even ask if you offer payment by installments or financing. In the worst case scenario, customers put you off by saying that they will speak to their bank. And then you never hear from them again. The deal has slipped through your fingers, even though you could have closed it so easily if your customers could have paid for the product in installments.

Selling in installments, but please without payment defaults

You would like to go ahead and offer installment payments. But the mere thought of having to draw up a contract and then collect the monthly installments makes you feel sick? Can you imagine how you will be stuck with your costs and waste all your energy chasing after your customers and asking for money?

But don’t panic. Forget this horror scenario and sit back and relax. You don’t have to write any reminders or chase after your money. Instead, you will receive your money immediately after each sale without any defaults. How does this work? By offering installment payments via leasing with the help of a financing partner.

Offer installment payments via a financing partner

If you want to offer payment by installments, it makes the most sense to do this in the form of leasing via a financing partner. They will then provide you with all the documents and tools you need for processing. As a rule, you can check in real time whether the customer sitting in front of you is eligible for a purchase via installment payment and conclude the transaction immediately.

After the successful sale, the financing partner transfers the entire amount to you. The customer pays the individual installments to the financing partner. The financing partner also takes care of any payment defaults. You have nothing to do with this and can take care of the next sales.

How do I find a financing partner?

The best way to find a financing partner is with the help of a leasing broker. They will help you find the right financing partner for you. Which partner is right for you depends on your company, what you sell and what kind of customers you have. A leasing broker can target suitable financing partners according to these criteria and negotiate the best deal for you so that you can start selling your products on installments right away.