This feature is the integration of V12 Retail Finance into a store, which enables customers to apply to pay for products in installments (at varied interest rates depending on the options provided by V12 Retail Finance).
As part of the feature, a button linking to further information on credit options is shown on relevant product pages. If a customer chooses to pay via a credit option, the feature prompts them to register with the store, complete checkout, and then directs them to V12 Retail Finance to complete an application for the selected credit payment plan. Orders are shown within a store's admin system with a status of 'Pending Finance from V12 Retail Finance' until the third party approves credit and it receives the required deposit payment from the customer, at which point the status is automatically updated to 'Finance Accepted by V12 Retail Finance' and the etailer can then process as usual and will receive payment from V12 Retail Finance (as per their agreement with the third party) after the order has been shipped. If the application is denied, the order status is automatically set to 'Finance Declined by V12 Retail Finance'.
Please note that you're required to have an active account with V12 Retail Finance to enable this feature, and are responsible for ongoing/associated costs.
This feature is not available on standalone mobile sites.