What is Charge After?
ChargeAfter offers a cutting-edge fintech solution that connects merchants and lenders to offer consumers personalized financing options from multiple lenders with one application!
With its data-driven decisioning engine and network of global lenders, ChargeAfter delivers the most relevant financing offers to consumers from multiple lenders to drive higher approval rates, increased average order values, and more sales.
It’s All About the Numbers!
Customers who can’t find what they’re looking for are choosing not to wait
85%
Approval Rates
52%
Increased AOV
30%
Increase in Sales
What are we solving for?
Consumer
No Credit Cards. Less Qualified for Credit.
- 63% of Millennials and Gen Z’s don’t own credit cards
- By EOY 2020, 40% of consumers will be Millennial and GenZ
- Want more control over spend
Industry
Increased competition.
Climbing Decline Rates.
- Incumbent lenders traditionally focus on prime credit and decline 70% of applications
- Incumbents are slow, use complex applications, and have little to no eCommerce and POS experience
Merchants
Promotional Financing Single Offer.
- More Financing Offers. More Approvals
- Merchants using a single lender are typically restricted to offering a single financing offer, leading to increased abandonments
Seeing it in action! more options. more choices
Gateway
Multiple Lenders. More Options.
- Providing more financing options from the industry’s largest network of Prime, Secondary, Tertiary and BNPL lenders
- Rapidly onboarding and distributing incumbent lenders and fintech lenders to global merchants
Approvals
Higher Approval Rates.
- Up to 85% approval rates, and delivery of personalized financing options unique as every shopper
- Every consumer financing product in a single platform
Merchants
Increased Revenue.
- One application. Multiple lenders. More approvals.
- 52%+ AOV increase
- 30%+ Increase in site-wide sales
How does it work?
ChargeAfter is a third party multi-lender solution with a waterfall financing system. A consumer can fill out 1 application on a member site and depending on their credit information, it will run through multiple lender offers to give the consumer their best finance options. With more choices, approval rates are higher and consumers get more spending money – which ultimately can increase our members’ average order value (AOV).
leading the pack!
Over one-third of U.S. consumers
have used a consumer financing service
87% of consumers aged 22 to 44
are interested in monthly installment plans
The consumer financing industry has seen a
260%+ growth in financing requests since COVID
Only 33% of consumers
between the ages of 18-29 have credit cards
40% of millennials and 57% of GenXers
have already used financing
U.S. eCommerce growth exceeds
2 year projected growth in just 6 months
LEARN MORE ABOUT OUR GROWING NETWORK OF LENDERS, REACH OUT TODAY!
AVBM ChargeAfter Integration
Please click below to sign up now. Need more info? Call (916) 407-5165
