By bcaico, Updated
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Crednetic integrates with the Mikes order payment system to provide shoppers a simple, flat rate, revolving credit option at checkout w/fees as low as .5%
I'm Mike, an online retailer who sells futons. My shopping cart drop-out rate is growing & my merchant fees are killing me. I need a way to offer financing that's easy & safe for my customers, but won't cost my business so much in fees.
Crednetic's quick-app and sms authentication helps convert shoppers to buyers, while its API can integrate with most inventory management systems.
hmm...checkout conversion is increasing as more customers can finance w/Crednetic. I like that my merchant fees are reduced by 75%, and that fraud claims are down. I'll need to stock more inventory.
Crednetic settles transactions directly to Mike's bank account and also sends Mike a bonus check each quarter as a reward for promoting Crednetic.
I'm not only increasing sales and saving money on fees, but I'm making new money since Crednetic rewards me for total deal flow. I think I'll promote Crednetic all over the site...
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