In today’s competitive retail and service landscape, point-of-sale (POS) financing is no longer just a nice-to-have feature — it’s a strategic tool for growth. For industries like HVAC, auto repair, dental care, and home improvement, offering financing can be the difference between closing a sale and losing a customer.
Many customers delay or abandon purchases due to high upfront costs. With POS financing, merchants can offer flexible payment plans, allowing customers to access services immediately while spreading out payments. This removes friction from the buying process and increases purchasing power — particularly for unexpected expenses like car repairs or urgent medical procedures.
When customers aren’t restricted by what they can afford today, they’re more likely to choose premium services or products. Businesses that implement financing often report a significant increase in average ticket size. For example, a dental practice may see patients opt for full treatment plans instead of partial care, while HVAC providers may sell higher-efficiency units with extended warranties.
By offering financing options at the time of service or purchase, merchants can reduce cart abandonment and hesitation. Customers who might otherwise delay service are more likely to convert when presented with easy and fast financing at checkout.
Customers appreciate flexible payment options and are more likely to return to businesses that offer them. Moreover, satisfied clients often share their experience, bringing in referral business. POS financing strengthens trust and makes services more accessible — two key factors in long-term loyalty.
Lendigo offers merchants access to a network of lenders, allowing one streamlined application to match each client with the best financing option available. This increases approval rates and ensures a positive customer experience. The platform is customizable, integrates easily into existing systems, and ensures full compliance — so merchants can focus on growth, not administration.