The SPS Advantage
WHAT IS EZPAY ADVANTAGE? 6/5/2018 2
CUSTOMER & MERCHANT BENEFITS 3, 6, and 12 Month Payment Plans FINANCING UP TO $4,000 INCREASE YOUR CUSTOMER’S BUYING POWER Merchant Benefits Customer Benefits Less Than Perfect Credit is Okay Allow Your Customers to Purchase Immediately Instant Online Decisions Turn Lost Sales Into Money in the Bank Apply in Store or on Personal Device No Equipment Necessary Pre-Approvals with Exact Buying Power Increased Sales, Profits, and Cash Flow No Paperwork Build Customer Loyalty and Repeat Business Payments Made With Bank Issued Debit Cards No Risk After the Sale Receive Your Funds In 3 Business Days 6/5/2018 3
INDUSTRY STATISTICS CAPTURE A LARGE AND GROWING MARKET • 60% of Consumers Have Impaired Credit or are Simply Maxed Out! • 40% of Consumers Say They Would Have To Borrow Money For An Emergency Over $400 6/5/2018 4
MARKETING AND PROMOTION ADVERTISE FLEXIBLE PAYMENT PLANS WITH PROMINENT POINT OF SALE MATERIAL 2.75” x 4” Window / Register 5” x 6” Table 6” x 8.5” Wall Sticker Easel Card 6/5/2018 5
CUSTOMER APPLICATION PROCESS Create A Pre-Approval Application Access Via Internet Connection Create A New Finance Application On the Merchant’s Device Merchant PC or Tablet On the Merchant’s Device Or Send the Pre-Approval Link to No POS terminals or Imaging Or Send the Application to the the Customer’s Phone or Email Equipment Needed Customer’s Phone or Email Approved Applications Include No Apps to Download or Maintain This One Step Process Requires the Customer’s Buying Power Details of the Purchase and Final Price Buying Power Ranges From $200 to $4,000 6/5/2018 6
APPROVAL CRITERIA AND ACCEPTANCE PROCESS Online Decision Components Online Customer Acceptance Merchant Notification And Settlement Credit Score Customer Is Presented Merchant Receives Immediate Finance Agreement Which Email Notification of the Income Includes Detailed Payment Completed Sales Agreement Employment Status Information Details of the Sales Are Posted Real ID Validation and Negative File Customer Electronically Time in the Merchant Portal Databases Accepts Agreement and The Purchase Price Is Settled to Makes Down Payment With a Multi-Dimensional Risk and Merchant’s Bank Account In 3 Bank Issued Debit Card Fraud Prevention Tools Business Days Upon Successful Payment the Finance Agreement Is Immediately Emailed to the Customer 6/5/2018 7
SAMPLE 12 MONTH PAYMENT AMOUNT BY CREDIT QUALITY A Credit B Credit C Credit $1,000.00 Purchase Price $1,000.00 Purchase Price $1,000.00 Purchase Price 8.33% Down Payment % 8.33% Down Payment % 8.33% Down Payment % $94.97 Down Payment $104.50 Down Payment $115.74 Down Payment $94.97 Payment $104.50 Payment $115.74 Payment $1,139.60 Total Payments $1,253.92 Total Payments $1,388.89 Total Payments D Credit E Credit F Credit $1,000.00 Purchase Price $1,000.00 Purchase Price $800 Purchase Price 8.33% Down Payment % 8.33% Down Payment % 8.33% Down Payment % $134.41 Down Payment $161.82 Down Payment $133.33 Down Payment $134.41 Payment $161.82 Payment $133.33 Payment $1,612.90 Total Payments $1,941.75 Total Payments $1,600.00 Total Payments 6/5/2018 8
MERCHANT PORTAL Home Test Welcome to the GetFinancing portal as a merchant user You can reach us at support@getfinancing.com or by phone 866-298-3757. (business hours: 9:00am – 5:00pm EST, Monday to Friday.) Navigation Menu New Preapproval application New financing application Home Create a new financing application Preapprovals let your consumer get approved New Order without letting Them finalize the application Send it to customer’s phone or email Find your preapprovals here Orders Complete it directly on this device Send it to customer’s phone or email Integration Complete it directly on this device 6/5/2018 9
CUSTOMER APPLICATION USE EZPAY ADVANTAGE TO SEND AN APPLICATION WITH THE FINAL PURCHASE AMOUNT TO YOUR CUSTOMER’S CELL PHONE OR EMAIL SO THEY CAN FILL OUT ON THEIR OWN. $1200 6/5/2018 10
CUSTOMER APPLICATION CON’T. for your purchase from ABC Merchant for $1200.00 for ABC Merchant – Customer Application for your purchase from ABC Merchant for $1200.00 Income information Annual Income Please enter your personal information below. Personal information (Optional) All information, including address and phone $ 30,000 Mary number, should match the applicant Job information Company Name / Source of Income Employment Status Date of Birth: Bernard Employed / W-2 Secure Payment Systems 01 1990 Jan customer1@gmail.com Employer Phone Enter only your 4 last SSN digits: (844) 430-1281 555-555-1234 XXX XX 6220 Worked here for 2 mos 5 yrs Billing Address (Optional) I agree to Terms and Conditions & YES Please select your Military Status: 123 Las Vegas Blvd I consent to Electronic Communications Non-Military Active Guard / Reserve / Active Reserve Duty / Dependent of an active duty Las Vegas service member Continue > Your Driver License information Driver License Number State of Issuance 89001 Nevada 123456789 I understand that by clicking on the ‘Continue’ button immediately following this Nevada notice, I am providing ‘written instructions’ to GetFinancing under the Fair Credit SMS Verification Code Reporting Act authorizing GetFinancing to obtain Information from my personal Enter the 5 digit code we sent to your phone Ship to my billing address credit profile or other information from Credit bureaus. I authorize GetFinancing to obtain such information solely to pre-qualify me for financing options. 54321 Didn’t receive the message? Call me Continue > NEXT > 6/5/2018 11
APPROVAL AND OFFER SCREEN Congratulations Mary! You are eligible for the following offer(s). Please select an offer to continue: $113.96 monthly in 12 payments More details $222.22 monthly in 6 payments More details $336.13 monthly in 4 payments More details 6/5/2018 12
APPROVED OFFER SCREEN Congratulations Mary! You are eligible for the following offer(s). Please select an offer to continue: $113.96 monthly in 12 payments More details Type of Offer: Loan Purchase Price $1,200.00 Monthly Payment: $113.96 Down Payment Due Now: $113.96 Select This Offer > $222.22 monthly in 6 payments More details $336.13 monthly in 4 payments More details 6/5/2018 13
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