Duologi

Merchant Login

Duologi
  • Sectors
    • All
    • Retail
    • Home Improvement
    • Legal
    • Education
    • Healthcare
  • How it Works
  • Switching Finance Provider
  • New to Finance?
  • About Us
  • Retail Finance Blog
  • Get in Touch

Retail
Finance
Blog

  • Ideas for you
  • News
  • Case studies
https://duologi.com/wp-content/uploads/2020/04/piggy-bank-calculator-payment-plan.png

The Value Of Offering Payment Plans For UK Customers

Monday April 20th, 2020

There are numerous potential benefits for any business able to offer payment plans to customers in the UK. These extend to both the business itself, and its clients. Studies show that ⅓ of UK customers are more likely to spend with a retailer that offers finance options, and a massive 78% are more likely to bring you repeat custom after a positive experience with payment plans.

Whether it’s the company or the customer that’s most directly supported by any given aspect of a financing package, the net result is typically the same. Payment plans for UK customers mean measurable growth in point-of-sale conversion figures, and a greater sense of satisfaction and empowerment among your user base.

This quick guide will function as both an FAQ and general introduction to how our payment plans function, as well as a brief rundown of their key advantages to businesses and customers alike.

How do payment plans work?

The specifics of how customer finance and payment plans work for your business will be dependent on the exact sort of package(s) you choose to offer. There are a number of different models available, and each has its own unique strengths to consider, potentially appealing to various different types of customers and purchases.

What sectors do we offer finance in?

Duologi specialises in working across all of the following industries, managing a range of different payment plan options and packages on behalf of businesses of any size in:

– Retail
– Legal
– Education
– Healthcare
– Home improvement and planning
– Bespoke point-of-sale packages for other types of enterprise

Check out more information on how payment plan services can benefit your business, both in terms of successful conversion rates and overall sales growth, if you’re new to retail finance.

What sorts of finance models are available?

We pride ourselves on offering as broad a range of viable payment plan packages for all our UK clients as possible. In short, it’s up to you what types of financing services your business opts to provide.

Popular choices across our lineup include Buy Now Pay Later, 0% interest free finance, interest bearing plans, zero deposit payment plans, and many more besides. We also love to build custom bespoke retail financing products and packages tailored to the more specific individual needs of your business, your services and your customers.

Does a payment plan affect cash flow into my business?

Not at all, because you’re still paid up front and in full for any products or services you deliver. We manage the subsequent payment plan with the individual customer after payment to you has gone through, so cash flow isn’t affected.

Our payment plans simply give your customers the ability to spread the cost of goods and services between £150 and £15,000, helping to remove many of the barriers to higher value purchasing, and keep things moving forward in a structured and manageable way. As the business owner, you don’t even have to handle any of the initial credit checking processes – we take care of that for you too, so the impact on your day-to-day workflow is minimal.

Does it cost anything to open a payment plan account with Duologi?

No, it’s free to start an account with us. Depending which specific services you want to offer your customers, there may be subsidy costs involved – for example, 0% interest free finance – but you can chat to one of our expert guides to figure out exactly which of our products is the best fit for you and your clients before you commit to anything.

You can learn more about what features are on offer, and how we tailor our solutions to fit your needs, with our in-depth Think Forward article.

Are there any case studies from other businesses I can look at?

Absolutely. Examples of clients we’ve already worked successfully with include:

– Purple Bricks estate agent
– JTF Home & Garden
– Great British Mobility, a leading supplier of online mobility equipment
– Scotia Cabins, providing luxury garden studio and self-catering accommodation in Scotland
– Billy Clarke fishing tackle, a growing family firm looking to expand their online presence

Offering payment plans for customers in the UK empowers both your business and your customers with an adaptable variety of finance options, both online and at point-of-sale.

Start planning the next stage of your company’s growth today – to book a demo, or for further information about Duologi and the full value of our flexible payment plans, click through to meet the team and learn more.

How Consumer Finance Works: Here's everything you need to know about offering consumer finance - Download eBook Now

Share this idea

Share on Facebook Share on Twitter Share on Linkedin Share by Email

More ideas for you

6 ways offering point-of-sale finance can boost your sales

6 Ways Offering Point-of-Sale Finance Can Boost Your Sales

Learn more ›
A chip and pin device

How can offering financing increase sales on consumer electronics?

Learn more ›
Boiler Financing

How to offer boiler finance to your customers

Learn more ›
Wrapped Christmas gifts

How to offer finance options to customers at Christmas

Learn more ›
A brunette woman making a payment on her laptop

How to offer financing easily and boost Black Friday sales

Learn more ›
Garden area with chairs on artificial grass

Everything you need to know about offering outdoor living finance

Learn more ›
H20 Hot Tub

Everything you need to know about offering hot tub finance

Learn more ›
A tradesman wearing a tool belt

The Dos and Don’ts of Offering Finance as a Tradesperson

Learn more ›
Decorating materials in a blank room

How to Offer Finance to Home Improvement Customers

Learn more ›
A newly installed kitchen

What is Home Improvement Finance?

Learn more ›
A newly installed orange kitchen

The Benefits of Offering Home Improvement Finance to your Customers

Learn more ›
A mother and daughter packing for a holiday

What is the Consumer Buying Process?

Learn more ›
Office Workers

4 Consumer Finance Benefits for Business Owners

Learn more ›
Women opening online order

How to Improve Customer Experience Online

Learn more ›
Retail finance duriong covid

Consumer Buying Behaviour During Covid

Learn more ›
A brunette woman making a payment on her laptop

How to Get Customers to Spend More

Learn more ›
A brunette woman making a payment on her laptop

7 Ways to Increase Repeat Sales

Learn more ›
A couple being shown destinations by a travel agent

How do I get financing for my customers

Learn more ›

How to Retain Customers Online

Learn more ›
Shop assistant offering finance using a tablet

Finance for Customers of Small Businesses

Learn more ›
A brunette woman making a payment on her laptop

Can You Pay Off Finance Early?

Learn more ›
A woman holding a credit card over one eye

What affects your credit score?

Learn more ›
Dog lying on artificial grass

8 Most Common Questions about Pet Finance

Learn more ›
A stylish well lit living room

New Year, New Decor: Finance for Home Improvement in 2021

Learn more ›
Wrapped Christmas gifts

Duologi’s Top 10 Money-Saving Tips for Christmas

Learn more ›
A woman holding a credit card over one eye

Black Friday during a pandemic

Learn more ›
Consumer using laptop

The Secrets Behind Running an Ecommerce Business

Learn more ›
A piggy bank next to a toy shopping trolley

How We Offer Customer Finance

Learn more ›
Women opening online order

10 Ways to Increase Average Order Value

Learn more ›
Someone entering a pin number on a payment terminal

The Facts About Customer Financing

Learn more ›
A couple shaking an estate agents hand

Why Offer Credit Facilities to Your Customers?

Learn more ›
A woman holding a credit card over one eye

How to Start Offering Finance to Your Customers

Learn more ›

Coping with change

Learn more ›

The Benefits Of Offering Dental Finance

Learn more ›
A man paying with his card on a laptop

Why Responsible Lending Matters

Learn more ›
Shop assistant offering finance using a tablet

How to Offer Customer Financing in Your Business

Learn more ›
Businesswoman in showroom

What is Retail Finance & How Does it Work for Businesses?

Learn more ›
Patient getting dental treatment

The Benefits Of Offering Patient Finance

Learn more ›
Patients in waiting room

5 Tips to Attract More Patients to Your Practice

Learn more ›
PDS2 graphic

What is PSD2 And What Does It Mean For Online Retailers?

PSD2 is the Revised Payment Services Directive issued by the European Commission for innovation, improvement and internet payment safety. The first payment services directive, PSD1, was adopted in 2007, to establish the same set of rules on electronic and non-cash payments across the European Economic Area. The revised directive was adopted in 2015, and became applicable in January 2018.

Learn more ›
Abandoned cart

Refer rates and basket abandonments: how do yours stack up?

Basket abandonment. It’s a headache for online retailers and top of the to-do list for many digital marketers

Learn more ›
Security

Online fraud and how to fight it

Online fraud and how to fight it Trust is the foundation of any relationship – and the one between business and customer is no different. The customer must trust that the business is selling what it says it is – and the business must trust that the customer is who they say they are.

Learn more ›
Legal Sector

CCLs: The lowdown

If you’re offering credit to your customers via point of sale (POS) finance, then they’re something you need to think about. CCLs are issued by the Financial Conduct Authority (FCA) and are a crucial element in your overall business compliance. They also help to highlight your proactive and customer-centric approach

Learn more ›
GDPR represented by padlock

What actually is GDPR

The General Data Protection Regulation (GDPR) came into effect in the UK on 25th May 2018. It’s an acronym that has been covered widely in the media and discussed at length in company boardrooms and it has a major impact on the retail sector – but making sense of GDPR can be complicated. What actually is the ruling and what does it mean for your business?

Learn more ›
Consumer using laptop

Multi-channel retail: What do your customers expect?

Multi-channel is the new normal for retailers.

Learn more ›
Stick with me lights

How to keep your customers coming back

Building customer loyalty is a key challenge for any retailer. Whilst targeting new customers is important to broaden your target market and increase conversion rates, rewarding current customers is essential to enhance customer experience and customer satisfaction. This is to ensure the come back to you in the future and not to your competitors. The question is – how?

Learn more ›
Handshake

How to sell finance

So you’ve decided to offer point of sale (POS) finance solutions to your customers. Great!

Learn more ›
Man and 0

The myths and opportunities of 0% finance

The appeal of 0% finance offers to end users is clear – it’s free. It offers a quick and easy way for them to purchase the high-value goods or services they want, without a hefty upfront cost.

Learn more ›
Coins in jar

Acceptance rates vs subsidy rates

Thinking of introducing point of sale (POS) finance? You’re probably interested in how much it is going to cost.

Learn more ›

grow and
succeed

Time to talk about you

  • Home
  • About Us
  • Get in Touch
  • How Financing Works
  • Retail Finance Blog
  • Thinking of switching
  • New to Finance?
  • Jobs
  • Faqs
  • Resources
  • Complaints
  • Privacy Policy
  • Terms of services
  • Oaktree Capital
  • Financial Conduct Authority (FCA)
  • Get in touch
  • Call icon0345 521 1881
  • Mail icon sales@duologi.com

Connect with Linkedin


Duologi


Duologi is a trading name of Specialist Lending Ltd which is a limited company registered in the UK under number 10664999 at the registered address The Square, Basing View, Basingstoke, England, RG21 4EB. Authorised and regulated by the Financial Conduct Authority. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

© Copyright 2023 · All Rights Reserved

Site by duologi Websites

We have placed cookies on your device to support a better browsing experience for you. By proceeding to use this website, you consent to the use of such cookies. You can find out further information about the Cookies used and what they are used for here Information and Settings.