20 Jan Introduction to Waterfall Payment Solutions
TEMPOE is an active participant in waterfall solutions, where we help secure customers that need attention beyond their credit score. At a certain point, retailers struggle to grow after reaching an approval threshold and should seek out alternative financing methods. Integrating waterfall lending and waterfall transactions into the mix and incorporating TEMPOE’s payment solutions makes it a reality for retailers to approve more transactions. Waterfall lending helps retailers grow by increasing sales and the number of happy, loyal customers. Including waterfall transactions into a merchant’s system allows the ability for customers to be reviewed for traditional credit products, TEMPOE’s leasing product, and other financial solutions.
If there’s anything that the ongoing pandemic has shown us, it’s that the importance of alternative financing options keeps on growing. TEMPOE is an active participant in waterfall solutions, where we help secure customers that may not have traditional payment options due to their credit score. Retailers can enhance their consumer lending strategy by adopting a waterfall lending approach with TEMPOE leasing options.
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Contact TEMPOE to learn more about how we can fit into your waterfall payment solutions strategy.