Grow Your Business with Point-of-Sale Financing
For businesses, staying profitable requires constantly searching out ways to grow or expand revenue. Beyond just producing a good or service that is in high demand, businesses need to adapt…
PayFina Technologies, LLC (PayFina) is a leading technology platform supporting a point-of-sale credit program issued by The Bank of Missouri (TBOM). We partner with retailers and service providers to empower customers to purchase the goods and services they need, simultaneously boosting business revenues. With TBOM’s competitive financing terms and a revolving credit product that encourages repeat business by transforming one-time buyers into loyal customers, PayFina supports practical solutions for both your customers and your organization.
PayFina’s Mission
PayFina understands that consumers in today’s economy face a wide range of serious challenges. Over 40% of all consumers have non-prime credit, and their need for better financing options at point-of-sale has never been greater. However, the current financing models offered by point-of-sale lenders are often expensive and confusing lease-to-own agreements or title loans and payday advances for unplanned, essential services.
PayFina delivers more affordable and transparent financing options to consumers, regardless of their credit.
Only 37% of adults between the ages of 18 and 29 reporting to have a credit card.
Bankrate Commissioned Survey
39% of adults say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money.
Federal Reserve Report
19% of consumers who use credit education services improve their credit score by over 40 points.
TransUnion
What Makes PayFina Different?
PayFina’s mission extends beyond providing affordable financing solutions to consumers. We empower merchants with a powerful tool to encourage repeat business.
What Makes PayFina Different?
PayFina’s mission extends beyond providing affordable financing solutions to consumers. We empower merchants with a powerful tool to encourage repeat business.
Expansive Offerings
PayFina offers attractive financing terms and approval rates with credit lines up to $5,000, all customized to each customer’s unique credit profile.
A Focus on Better Financing
PayFina answers an increasingly important question: How do you deliver a revolving credit product and competitive financing terms seamlessly at the point of sale?
A Quick and Simple Process
PayFina provides a seamless customer experience, where customers can apply and get approved instantly on their mobile device.
Credit that Works for Everyone
PayFina delivers a world-class customer financing technology platform that generates a quick and robust picture of each applicant’s risk profile. This allows merchants to enjoy more sales while offering financing terms that are much more customized to consumers than more expensive sub-prime options. And best of all, everything lives in a convenient, easy to use online system that consumers can access from any device.
