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How can a portrait studio photographer offer interest free finance to their clients?

We love hearing our clients make big sales. Big sales that quite literally change their lives! But making big sales can be tricky. We’ve heard plenty of stories where photographers have lost sales because they’re unable to provide finance options. Obviously, we don’t like hearing this and we’ve been asked, on multiple occasions, to find a solution. In this post, we’re going to introduce you to PayItMonthly.

Just a heads up, this post does include affiliate links BUT we only affiliate with businesses we know can make a difference to your business.

Who are PayItMonthly?

PayItMonthly is a Buy Now, Pay Later finance provider offering short-term, interest-free installment loans. Providing PayItMonthly allows your customers to make purchasing their dream wall art collections more affordable and manageable.

Thanks to their ‘instant decision’ technology, your clients receive immediate approval status, eliminating any wait time.

How does PayItMonthly work for your clients?

As a Buy Now Pay Later provider, PayItMonthly will divide the cost of your clients’ purchases into equal instalments over an agreed period. They will need to pay the first instalment upfront, after which they continue making interest-free payments until the full cost is covered.

5 reasons why PayItMonthly is an excellent choice for your clients

1. Convenient and easy to use

Managing purchases is easy for your clients as PayItMonthly provides a user-friendly platform to keep track of their payment schedule and balance.

2. No fees if payments are on time

So long as your customer pays on time, they won’t need to worry about late fees or additional charges. This will help them to avoid unnecessary expenses and keep on track of their budget.

3. Clients can get approved without a hard credit check

If your client doesn’t pass their check then PayItMonthly will revert their hard check to a soft check. Their credit score will therefore not be affected by their application.

This is a great hook. Lots of people worry about having too many hard checks on their credit score and this will eliminate that objection in your sales room.

4. PayItMonthly allows flexibility with payment frequency, allowing it to fit your clients' budgets

PayItMonthly gives your clients the option to choose between payment frequencies making it really easy to choose a plan for their budget and financial situation.

5. Interest-free finance

Short-term loans often come with higher additional costs. PayItMonthly provides interest-free options which is an attractive feature for your clients. This also helps them to avoid accumulating large amounts of debt, which nobody wants!

How do you, the photographer, benefit from PayItMonthly?

They know the photography industry

PayItMonthly started in the photography industry making it the perfect matchup and a clear indication that their service is ideal for the industry.

Opens access to larger sales

By providing interest-free payments, clients who otherwise couldn’t stretch their budgets to afford your higher products or packages, can now access them. By providing this option you could see your average customer spend increase! 

Minimal risk, they'll chase the payments

There is minimal financial risk to you as the photographer. Once the finance has been set you’ll receive the full payment, less a credit charge, for your product and PayItMonthly will be responsible for the finance plan.

It's an easy process

It’s a simple process to see if your clients are eligible for finance. Applying for finance with any company can be scary and tedious, but PayItMonthly makes it an easy so and seamless process to include in your own sales processes.

Want to know more?

We aren’t experts when it comes to finance and what we’ve said in this post should not be taken as financial advice. You should do your own independent research to find a provider that works for you.

If you would like to know more about PayItMonthly, you can learn more here.

The Lead Source aren't experts at this!

We just want to make it clear once again that we are not finance experts or a part of PayItMonthly. We have simply found a provider for our clients who can provide a service that benefits their customers.

There are other providers out there and it is up to you to do more research.