Why Retail Finance
30% of UK buyers are using consumer credit to spread the cost of purchases – so there’s never been a better time to make retail finance work for your business.
What is retail finance?
Retail finance (or point of sale finance) is a payment option which lets consumers spread the cost of a purchase over a series of smaller instalments.
Retail finance is an excellent way to widen your customer base, without impacting your profit margins. The finance provider (Zopa) pays you, the merchant, for the order upfront, then handles collecting repayments from the customer directly – making it an ideal solution for all parties involved.
Find out more about how POS finance works in the short guide below.
What’s the best finance option for my business?
Zopa's retail finance solution, DivideBuy, offers a range of interest bearing and interest free credit products to choose from.
Our finance products range from 3 to 60 months, depending on your customer and business needs. You can set minimum spend thresholds for longer terms, increasing average order values and protecting your margins.
How does retail finance work?
Zopa’s retail finance solution, DivideBuy, is unique in its space. We act as both tech provider and lender, meaning we can handle every aspect of your solution inhouse, end-to-end.
1
DivideBuy is installed on your site
Our solution integrates with many popular eCommerce platforms, like Shopify, WooCommerce and Magento – meaning we can get you onboarded and live in a matter of days.
2
Customer completes
their purchase
When your customers choose to complete their order with DivideBuy, the purchase shows up in your records like any other sale. Nothing about the process changes on your end, thanks to our integrated tech.
3
You pack and ship
the order
Once the customer’s agreement with us is verified, you can go ahead and ship their order out for delivery – just as you would do with any other purchase.
4
We pay you on
delivery
As soon as we receive confirmation of successful delivery from you, we’ll cover the purchase price, minus our pre-agreed rate.
How can retail finance help my business?
Zopa’s finance solution is helping hundreds of UK merchants to significantly increase average order values and conversions, while lowering CPA and cart abandonment.
When choosing Zopa as your trusted retail finance partner, you also benefit from tailored reporting that offers practical insights for growth – all powered by your dedicated account manager.
Find out more about the advantages of Zopa for merchants.
More about our retail finance solutions
Find out more about our modular finance options and how we tailor them to suit your business needs.
Our Merchant Success team are more than just account managers – they’re an extension of your business.
From our status as an ethical lender to our award-winning tech, here’s how we’re delivering next-level consumer finance.
We partner with a wide range of UK merchants, from retailers to service providers – and the results speak for themselves.
Book a Demo
Our credit engine is so seamless, we can demo it for you in less than 15 minutes. Experience our transformative customer journey in real-time and book a slot with our experts now.
Our credit engine is so seamless, we can demo our solution in minutes. Experience our transformative customer journey in real-time and book a slot with our experts now.
Please note, a minimum turnover of £5M and minimum trading of 24 months is required to work with DivideBuy.
