PayPlan Starter: Your In-House Financing Engine

Audience: Retail Merchants, Lease-to-Own Providers, Emerging Lenders

Topic: Package Overview & Capabilities

Why PayPlan Starter?

You are focused on growth. Your priority is driving revenue and delivering value to your customers.

Integrating in-house financing does more than just help you close a sale; it revolutionizes your business model. It allows you to capture revenue that used to walk out the door and adds a powerful new income stream directly to your bottom line.

The Problem with Third-Party Lenders

We know the frustration of handing your hard-earned customer over to a third-party lender. When you send a customer away to get financed, you lose control. If the lender declines them, you lose the deal. If the lender approves them, you lose the long-term relationship.

PayPlan Starter stops you from losing deals to outsiders. It is designed for merchants who want to offer In-House Financing immediately. You keep the customer, you control the approval, and you keep the profit.

The "Starter" Philosophy: Speed & Control

We built this tier for business owners who need a system that facilitates growth without slowing down the sale.

• Launch Fast: You can be up and running in as little as 14 days.

• Simple Logic: Ideal for Lease-to-Own (LTO) or installment plans where you want to say "Yes" when others say "No".

• Immediate Impact: You do not need a complex lending license to start offering payment plans that increase your average order value today.

Key Capabilities

1. The Customer Application (Mobile-First)

Your customers expect a seamless digital experience that moves as fast as they do.

• Scan & Go: Customers can apply on their own phones via a QR code at the register or a link you text them.

• Google Address Lookup: We make it fast. Customers start typing their address, and we auto-fill the rest to reduce errors.

• Bank Connection: You can choose to have customers link their bank account via Plaid for instant income verification, or skip it if you prefer a faster, manual process.

  • Want more information on Plaid? Click here

2. Decisioning: You Are The Boss

You know your customers better than a bank algorithm does.

• Automated Rules: Set basic "Knock-Out" rules to filter applicants automatically based on criteria like income or identity verification.

• Manager Overrides (Coming soon): Never lose a deal because a computer said "no." Managers can have the authority to override a decision or increase an offer amount manually to close the sale.

• Pre-Approvals: The system can generate a pre-approved amount so your sales team knows exactly what budget they are working with.

3. Getting Paid (The Servicing Center)

Revenue growth requires reliable cash flow. We automate the collections so you can focus on selling.

• Auto-Pay: We capture a primary payment method (like ACH) and a backup method (like a Debit Card) at the point of sale.

  • Want to learn more about payment retry logic, click here.

• Automated Retries: If a payment fails, the system automatically retries and sends a notification to the customer.

  • Want to learn more about payment retry logic, click here.

• Clear Dashboard: Log in to see exactly who is Current, who is Delinquent, and who has paid off their lease.

4. Documents & Compliance

• Digital Signatures: No more paper files. Customers sign the lease and payment authorization directly on their device.

• Customizable Templates: We provide standard templates for Lease-to-Own and Installment agreements that you can edit to fit your specific product.

Who is the Starter Tier For?

This package is designed for Growth-Minded Merchants and Emerging Lenders who are ready to own their financing strategy.

• Pilot Programs: Businesses launching their first internal financing program who want to validate the model before investing in complex custom development.

• High-Ticket Merchants: Businesses with an average ticket size of $500 to $5,000 who need to bridge the affordability gap to close sales instantly (e.g., Furniture, Home Services, Coaching, Medical).

• "No Credit Needed" Providers: Retailers focusing on Lease-to-Own models where the goal is accessibility and speed rather than deep credit underwriting.

Summary of Benefits