What is a payment plan?
A payment plan divides an expensive purchase into affordable monthly installments, giving your customers greater buying power.
What does it cost for businesses to use Financeit?
Financeit has no monthly fees, and our Standard program is always free. Some of our promotional programs have small fees associated with them.
Are my customers charged backdated interest fees?
Financeit never charges backdated interest fees.
Are my customers charged any other fees?
Borrowers are charged a small, flat fee. The fee varies based on the size of the loan.
What documentation does Financeit ask for when a customer applies for a payment plan?
To approve a customer for a payment plan, Financeit requires basic documentation, like photo ID. In certain cases, we may also ask for additional documentation, like proof of income. For more information about what is required in order to complete an application, visit our Help Center.
Once a loan is approved and funded, how do I get paid?
As soon as a loan is funded, our Partners are immediately notified by email, and paid by direct deposit to their bank account. The deposit typically takes 2 business days to clear.