Point of Sale Financing: FAQs

What does ChargeAfter do?

ChargeAfter is the first global network to provide a complete solution for point-of-sale financing by matching consumers with personalized credit offers from multiple lenders on the site, immediately.

What products and/or services are offered?

ChargeAfter provides installment payments, open lines of credit, buy now pay later, as well as deferred (0%) and positive interest loan products at checkout online and in-store.

Where does the application and loan take place?

Merchants can display financing options anywhere on their site. Most sites place the financing options directly on product pages right below the products full price. Additionally, CTAs for financing can be advertised on the site’s banners, email marketing, retargeting and more. The more exposure, the better!

Once a relevant product has been placed in the cart and the consumer is ready to check out, they can simply select “ChargeAfter” as the payment option directly from the payments section in your checkout (just like they would select a credit card payment or alternative payment such as PayPal or Amazon). At this point a “lightbox” will display over the site, (we do not redirect to any external pages) and the consumer simply enters in three pieces of personal data. From here, if approved, they are then presented with the different financing options for the consumer to choose from. The consumer then simply selects the best option for them, agrees to the T&C’s of the credit and done!

What are the ChargeAfter approval rates?

ChargeAfter is a multi-lender platform. We work with over 12 different lenders to provide the best financing options to consumers. Once an application is filled out, we share it across our lender network to find the best financing options across all credit types. On average our merchants see approval rates of 85%!

If a consumer defaults on a loan or credit offer, is the merchant liable?

No. Just like a credit card, the financing obligation is between the consumer and the lender. The merchants receive their money for the sale, send out the product and from there the consumer deals with the lender directly.

How long does it take for the merchant to get paid?

Once the order has been settled (typically done when the product is being shipped), the merchant is paid within one business day via an ACH payment.

Can ChargeAfter be implemented on my platform?

Yes! ChargeAfter has extensions and integrations for the leading platforms. Additionally, if your site is on a custom platform, we can integrate there too!