{"id":39177,"date":"2025-02-05T06:15:10","date_gmt":"2025-02-05T06:15:10","guid":{"rendered":"https:\/\/www.zopa.com\/retail-finance\/retail-finance\/?post_type=new-retail-finance&p=39177"},"modified":"2025-02-24T11:03:33","modified_gmt":"2025-02-24T11:03:33","slug":"what-is-retail-finance","status":"publish","type":"new-retail-finance","link":"https:\/\/www.zopa.com\/retail-finance\/retail-finance-explained\/what-is-retail-finance\/","title":{"rendered":"What is Retail Finance?"},"content":{"rendered":"

Retail Finance is different than Buy Now Pay Later, which is typically short-term, interest free borrowing like Pay in 3 or Pay in 6 months plans. <\/span><\/p>\n

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However, finance solutions like Zopa\u2019s do offer short-term loans of 3-12 months alongside longer lending options as well.\u00a0<\/span>\u00a0<\/span><\/p>\n

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Retail Finance (or point of sale finance) is a payment option which lets consumers spread the cost of a purchase over a series of smaller instalments.<\/span>\u00a0<\/span><\/p>\n

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If you want to offer Retail Finance, you\u2019ll need to partner with a finance provider who can provide credit to customers, as well as handle collection of repayments. There is a cost involved with this, so ensure you\u2019re being charged fair and competitive rates.<\/span>\u00a0<\/span><\/p>\n

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How does Retail Finance work for merchants?<\/span>\u00a0<\/span><\/h3>\n

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Retail Finance is an excellent way to widen your customer base, without impacting your profit margins. The finance provider (Zopa) pays you, the merchant, for the order upfront, then handles collecting repayments from the customer directly \u2013 making it an ideal solution for all parties involved.<\/span>\u00a0<\/span><\/p>\n

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How Zopa\u2019s Retail Finance solution, DivideBuy, works:<\/span>\u00a0<\/span><\/h3>\n

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1. Finance plugin is installed on your website<\/span>\u00a0<\/span><\/h4>\n

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Our solution integrates with many popular eCommerce platforms, so we can get you onboarded and live in days.<\/span>\u00a0<\/span><\/p>\n

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2. Finance is added to your payment options<\/span>\u00a0<\/span><\/h4>\n

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Customers can choose \u2018Pay with DivideBuy\u2019 at your checkout to make a purchase using retail finance.<\/span>\u00a0<\/span><\/p>\n

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3. Manage and track your finance orders online<\/span>\u00a0<\/span><\/h4>\n

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Our Merchant Portal puts you in full control of your finance orders so you can manage fulfilment status.<\/span>\u00a0<\/span><\/p>\n

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4. Get paid on confirmation of delivery<\/span>\u00a0<\/span><\/h4>\n

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Once you\u2019ve given us proof of delivery, we\u2019ll pay you in as little as one working day- and handle the rest.<\/span>\u00a0<\/span><\/p>\n

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Retail Finance is different than Buy Now Pay Later, which is typically short-term, interest free borrowing like Pay in 3 or Pay in 6 months plans.   However, finance solutions like Zopa\u2019s do offer short-term loans of 3-12 months alongside longer lending options as well.\u00a0\u00a0   Retail Finance (or point of sale finance) is a […]<\/p>\n","protected":false},"featured_media":0,"parent":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-39177","new-retail-finance","type-new-retail-finance","status-publish","hentry"],"acf":[],"yoast_head":"\nWhat is Retail Finance? - Zopa Finance<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Retail Finance? - Zopa Finance\" \/>\n<meta property=\"og:description\" content=\"Retail Finance is different than Buy Now Pay Later, which is typically short-term, interest free borrowing like Pay in 3 or Pay in 6 months plans.   However, finance solutions like Zopa\u2019s do offer short-term loans of 3-12 months alongside longer lending options as well.\u00a0\u00a0   Retail Finance (or point of sale finance) is a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zopa.com\/retail-finance\/retail-finance-explained\/what-is-retail-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"Zopa Finance\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T11:03:33+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/retail-finance-explained\\\/what-is-retail-finance\\\/\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/retail-finance-explained\\\/what-is-retail-finance\\\/\",\"name\":\"What is Retail Finance? 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