{"id":39295,"date":"2024-12-03T17:26:15","date_gmt":"2024-12-03T17:26:15","guid":{"rendered":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/"},"modified":"2025-03-03T09:50:53","modified_gmt":"2025-03-03T09:50:53","slug":"what-is-panel-lending","status":"publish","type":"post","link":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/","title":{"rendered":"What is Panel Lending – and is it right for your business?"},"content":{"rendered":"

One of the most effective ways to offer retail finance to your customers is through panel lending.<\/p>\n

 <\/p>\n

If you\u2019ve never heard of it, don\u2019t worry \u2013 we\u2019ll break it down for you and show how it could help boost your sales, while keeping your customers happy.<\/p>\n

 <\/p>\n

What is Panel Lending?<\/h2>\n

 <\/p>\n

Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a “panel” of lending options.<\/p>\n

 <\/p>\n

This means your shoppers can pick the payment plan or financing provider that works best for them, whether it’s interest free instalments, buy now pay later, or traditional credit.<\/p>\n

 <\/p>\n

Here\u2019s a quick example: imagine a customer is about to check out on your site. Instead of just one finance option, they see several tailored to their preferences. That\u2019s panel lending in action \u2013 simple, flexible, and designed to maximise conversions.<\/p>\n

 <\/p>\n

How does Panel Lending work in eCommerce?<\/h2>\n

 <\/p>\n

Adding panel lending to your store is easier than you might think.<\/p>\n

 <\/p>\n

1. Choose a lending integration partner<\/strong><\/h3>\n

 <\/p>\n

Start by partnering with a payment gateway or technology provider that supports panel lending.<\/p>\n

 <\/p>\n

2. Set up the panel<\/strong><\/h3>\n

 <\/p>\n

Your partner may connect you with a range of lenders that align with your business needs and customer base. Alternatively you can select them yourself.<\/p>\n

 <\/p>\n

3. eCommerce integration<\/strong><\/h3>\n

 <\/p>\n

Depending on the provider, this should integrate seamlessly into your checkout process, typically with just a few lines of code or a plugin.<\/p>\n

 <\/p>\n

4. Real-time offers<\/strong><\/h3>\n

 <\/p>\n

When a customer checks out, the system automatically displays financing offers from the panel of your chosen lenders. Customers pick the option that suits them, and the lender handles the rest.<\/p>\n

 <\/p>\n

Benefits of Panel Lending for your business<\/h2>\n

 <\/p>\n

Here\u2019s why panel lending could be a game-changer for you:<\/p>\n

 <\/p>\n

Higher conversion rates:<\/strong><\/h3>\n

 <\/p>\n

Offering multiple financing options reduces the chance of cart abandonment. If one lender doesn\u2019t approve a customer, another might!<\/p>\n

 <\/p>\n

Broader customer appeal:<\/strong><\/h3>\n

 <\/p>\n

Not every customer\u2019s needs are the same. Some might prefer interest free options<\/a>, while others want longer-term plans<\/a>. With panel lending, you can cater to all preferences.<\/p>\n

 <\/p>\n

Easy implementation:<\/strong><\/h3>\n

 <\/p>\n

Thanks to modern eCommerce platforms, setting up panel lending is straightforward, saving you time and resources.<\/p>\n

 <\/p>\n

Things to keep in mind<\/h2>\n

 <\/p>\n

While panel lending offers plenty of benefits, it\u2019s not a one-size-fits-all solution. Too many options can sometimes overwhelm customers. Make sure your panel lending setup feels streamlined and user-friendly.<\/p>\n

 <\/p>\n

Some lenders may charge higher transaction fees or impose certain terms. Review the details carefully to ensure it aligns with your margins. Also, if one or more of the lenders on your panel offer regulated credit<\/a>, you’ll need to adhere to finance regulations when offering lending options.<\/p>\n

 <\/p>\n

Is Panel lending right for you?<\/h2>\n

 <\/p>\n

If your customers are asking for more flexible ways to pay or if you\u2019re seeing abandoned carts due to payment limitations, panel lending could be worth exploring. It\u2019s an easy way to offer variety and flexibility, all while improving your bottom line.<\/p>\n

 <\/p>\n

To find out more about retail finance and explore the best, most practical and efficient lending option for your business, get in touch<\/a> with our experts today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a “panel” of lending options.<\/p>\n","protected":false},"author":5,"featured_media":39296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[51],"tags":[],"class_list":["post-39295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-topicstechnology"],"acf":[],"yoast_head":"\nWhat is Panel Lending - and is it right for your business? - Zopa Finance<\/title>\n<meta name=\"description\" content=\"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a "panel" of lending options.\" \/>\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 Panel Lending - and is it right for your business? - Zopa Finance\" \/>\n<meta property=\"og:description\" content=\"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a "panel" of lending options.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/\" \/>\n<meta property=\"og:site_name\" content=\"Zopa Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-03T17:26:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-03T09:50:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Marcus Hann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Marcus Hann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/\"},\"author\":{\"name\":\"Marcus Hann\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#\\\/schema\\\/person\\\/6e37bb77b3406c97e3d52f60f7991877\"},\"headline\":\"What is Panel Lending – and is it right for your business?\",\"datePublished\":\"2024-12-03T17:26:15+00:00\",\"dateModified\":\"2025-03-03T09:50:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/\"},\"wordCount\":576,\"publisher\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/pexels-thirdman-5684562-scaled-1.jpg\",\"articleSection\":[\"Industry Topics|Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/\",\"name\":\"What is Panel Lending - and is it right for your business? - Zopa Finance\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/pexels-thirdman-5684562-scaled-1.jpg\",\"datePublished\":\"2024-12-03T17:26:15+00:00\",\"dateModified\":\"2025-03-03T09:50:53+00:00\",\"description\":\"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a \\\"panel\\\" of lending options.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/pexels-thirdman-5684562-scaled-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/pexels-thirdman-5684562-scaled-1.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/blogs\\\/what-is-panel-lending\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is Panel Lending – and is it right for your business?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#website\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/\",\"name\":\"Zopa Finance\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#organization\",\"name\":\"Zopa Finance\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/zopa-logo.png\",\"contentUrl\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/zopa-logo.png\",\"width\":512,\"height\":105,\"caption\":\"Zopa Finance\"},\"image\":{\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.zopa.com\\\/retail-finance\\\/#\\\/schema\\\/person\\\/6e37bb77b3406c97e3d52f60f7991877\",\"name\":\"Marcus Hann\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g\",\"caption\":\"Marcus Hann\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is Panel Lending - and is it right for your business? - Zopa Finance","description":"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a \"panel\" of lending options.","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"What is Panel Lending - and is it right for your business? - Zopa Finance","og_description":"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a \"panel\" of lending options.","og_url":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/","og_site_name":"Zopa Finance","article_published_time":"2024-12-03T17:26:15+00:00","article_modified_time":"2025-03-03T09:50:53+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg","type":"image\/jpeg"}],"author":"Marcus Hann","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Marcus Hann","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#article","isPartOf":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/"},"author":{"name":"Marcus Hann","@id":"https:\/\/www.zopa.com\/retail-finance\/#\/schema\/person\/6e37bb77b3406c97e3d52f60f7991877"},"headline":"What is Panel Lending – and is it right for your business?","datePublished":"2024-12-03T17:26:15+00:00","dateModified":"2025-03-03T09:50:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/"},"wordCount":576,"publisher":{"@id":"https:\/\/www.zopa.com\/retail-finance\/#organization"},"image":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#primaryimage"},"thumbnailUrl":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg","articleSection":["Industry Topics|Technology"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/","url":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/","name":"What is Panel Lending - and is it right for your business? - Zopa Finance","isPartOf":{"@id":"https:\/\/www.zopa.com\/retail-finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#primaryimage"},"image":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#primaryimage"},"thumbnailUrl":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg","datePublished":"2024-12-03T17:26:15+00:00","dateModified":"2025-03-03T09:50:53+00:00","description":"Panel lending lets you integrate multiple retail finance providers into your checkout experience. Instead of being tied to a single lender, you can give your customers the freedom to choose from a \"panel\" of lending options.","breadcrumb":{"@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#primaryimage","url":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg","contentUrl":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2025\/03\/pexels-thirdman-5684562-scaled-1.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/www.zopa.com\/retail-finance\/blogs\/what-is-panel-lending\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zopa.com\/retail-finance\/"},{"@type":"ListItem","position":2,"name":"What is Panel Lending – and is it right for your business?"}]},{"@type":"WebSite","@id":"https:\/\/www.zopa.com\/retail-finance\/#website","url":"https:\/\/www.zopa.com\/retail-finance\/","name":"Zopa Finance","description":"","publisher":{"@id":"https:\/\/www.zopa.com\/retail-finance\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zopa.com\/retail-finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zopa.com\/retail-finance\/#organization","name":"Zopa Finance","url":"https:\/\/www.zopa.com\/retail-finance\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zopa.com\/retail-finance\/#\/schema\/logo\/image\/","url":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2024\/05\/zopa-logo.png","contentUrl":"https:\/\/www.zopa.com\/retail-finance\/wp-content\/uploads\/2024\/05\/zopa-logo.png","width":512,"height":105,"caption":"Zopa Finance"},"image":{"@id":"https:\/\/www.zopa.com\/retail-finance\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.zopa.com\/retail-finance\/#\/schema\/person\/6e37bb77b3406c97e3d52f60f7991877","name":"Marcus Hann","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9fbae4c1365969fa9c303e4f37cb61f140fd8d2507277bf87dbe42db94381b1f?s=96&d=mm&r=g","caption":"Marcus Hann"}}]}},"views":616,"_links":{"self":[{"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/posts\/39295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/comments?post=39295"}],"version-history":[{"count":1,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/posts\/39295\/revisions"}],"predecessor-version":[{"id":39625,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/posts\/39295\/revisions\/39625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/media\/39296"}],"wp:attachment":[{"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/media?parent=39295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/categories?post=39295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zopa.com\/retail-finance\/wp-json\/wp\/v2\/tags?post=39295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}