Consumer Financing is All the Rage

Drew Simpson
by Drew Simpson 16 Jan, 2023
Cloud-based financing technology solution Vyze announced that Adorama, a photography, video, audio, imaging and electronics retailers (and one of the top five electronics retailers according to Consumer Reports), has launched a private-label credit program on the Vyze platform.

Adorama customers will now be able to use financing to purchase imaging and consumer electronics products with no money down and interest-free financing if paid in full for purchases over $500 or $1000 within 6 or 12 months, respectively. Vyze's enterprise ecommerce solution now integrates into the Adorama website to provide the financing experience to more shoppers. Customers apply for financing prior to purchase or within the digital cart at checkout.

"Adorama partnered with Vyze for a fully-integrated financing program that serves more customers at checkout," said Keith Nealon, CEO of Vyze. "Vyze's innovative financing platform and world-class lending partners allow retailers of all sizes to offer their shoppers the simplest, most satisfying financing experience possible, regardless of where they shop."

Consumer financing is all the rage among ecommerce retailers right now and it will likely be quite common in the years ahead thanks to an increasing number of integrations being made available.

Ecommerce platform BigCommerce, for example, recently announced an expanded relationship with  PayPal that will enable  BigCommerce's 300,000 Internet retailers to offer shoppers consumer financing options through PayPal Credit.