V12 Retail Finance Integration

Additional Modules

Check out our V12 Retail Finance Integration that will enable customers to pay for items in instalments via V12 Retail Finance's consumer credit options.

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For online retailers selling high value items, providing finance options can have a healthy impact on your store’s conversion rate as it enables shoppers to spread the cost of larger purchases. If you’d like to offer this to your customers, our eCommerce platform is connected with a number of finance providers, including V12 Retail Finance.

With this feature, we integrate your store with V12 Retail Finance, enabling your 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, and 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.

Applicable orders are shown within your 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'. You can then process the order following your usual process, and will receive payment from V12 Retail Finance - as per your 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'.

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