5 reasons why you should embed credit into your products and services

Credit is the lifeblood of modern economies. People need embed credit to thrive just as they need oxygen to survive.

While this might seem like an oversimplification, it underscores the fundamental role credit plays in driving consumer behavior and business growth.

For businesses, conversions are the oxygen. Every marketing campaign, every product enhancement, every customer interaction is geared towards turning potential customers into paying ones.?

But even the most compelling marketing efforts can fall flat if consumers lack the immediate financial capacity to make a purchase.?

Think of the countless individuals who desire a product or service but find themselves temporarily constrained by their financial situation. They might adore your new smartphone, crave a dream vacation, or need a home renovation, but the full cost is beyond their immediate reach.

This is where embedded credit becomes indispensable. With?flexible payment options, businesses can bridge this gap, converting potential customers into satisfied and loyal ones.

The rise of Buy Now, Pay Later models is a testament to this growing consumer need. As of 2022, there were 360 million users worldwide with 89% of them indicating they would use it over and over again. This innovative financing approach has disrupted traditional payment methods by providing consumers with a convenient and accessible way to make purchases.

If you’ve been indecisive about embedding credit into your products and services, here are 5 reasons that will convince you.