Gadget cash presentation

Gadget cash presentation

• 1.
  INSTANT NO CREDIT CHECK 12 month Financing with 80% APPROVAL Rate For Smartphone's, iPhone’s, Tablets , accessories or any other items you sell in your wireless stores… This product gives you the ability to sell more in your store by offering a credit line to your customers Instantly. Risk free for the dealer w/ direct deposit payment in 2-4 business days!
• 2.
  Benefits to yourbusiness  New or Additional financing options  Increased Sales  Expanded Customer base  Improve your bottom line  Continue to thrive in a down economy
• 3.
  NO CREDIT CHECK  80 % Approval Rate (40% Instantly approved , 40% pre-approved with paystub required)  Easy & Affordable Payments (deducted directly from bank account on payday)  Online Application (takes less then 5 minutes to complete online)  90 Day Payment Option (same as cash except for 10% initial payment from customer)  No Credit Check on the Dealer , just verification of ownership and location.  No liability, No charge backs to the store (Store gets paid in 2-4 business days direct deposit)
• 4.
  No Minimum FinanceAmount Minimum Approval = $300 Maximum Approval = $2,400 Monthly Income Qualified Amount* 12 month Pmts* Bi-Weekly Pmts* Weekly Pmts* $1,000.00 $300.00 $45.00 $20.77 $10.38 $1,250.00 $450.00 $67.50 $31.15 $15.58 $1,500.00 $650.00 $97.50 $45.00 $22.50 $1,750.00 $750.00 $112.50 $51.92 $25.96 $2,000.00 $900.00 $135.00 $62.31 $31.15 $2,250.00 $1,000.00 $150.00 $69.23 $34.62 $2,500.00 $1,100.00 $165.00 $76.15 $38.08 $3,000.00 $1,200.00 $180.00 $83.08 $41.54 $3,500.00 $1,300.00 $195.00 $90.00 $45.00 $4,000.00 $1,450.00 $217.50 $100.38 $50.19 $5,000.00 $1,650.00 $247.50 $114.23 $57.12 $5,750.00 $2,000.00 $300.00 $138.46 $69.23 $6,500.00 $2,400.00 $360.00 $166.15 $83.08 *Qualified Amounts are set according to bank activity and balances. The amount above is not guaranteed. Payments are setup to come out on your payday.
• 5.
  Payments  Payments are automatically debited from customers account on every payday.  Qualified amounts are set according to checking account activity and balances, they are not guaranteed.
• 6.
  90 Day PaymentOption Customers are given a 90 day payment option where they only pay off the original invoice amount plus the initial 10%.  48% of buyers utilize the 90 Day Payment option.  82% of approved 90 Day customers return to the store for repeat financed purchases.
• 7.
  How does thecustomer qualify? There are THREE things we look at to qualify a customer: 1. Employment 2. Income 3. Bank Account The customer must:  Be employed at least 6 months  Gross over $1,000 per month  Deposit at least $500 per month in their bank account.  Have an open and active checking account for at least three months with no NSF’s or overdrafts in the last 30 days.
• 8.
  Online and In-storetraining  We train your store’s personnel how to offer the NO CREDIT CHECK program to credit challenged customers.  Your sales associates will know exactly how to help their customer through the process in order to obtain the merchandise they need.
• 9.
  Sample Transaction  For example, let’s use a Smartphone with a retail price $300.00, a hypothetical sales tax rate of 8% and a 10% Service Charge. $300.00 Retail *$324.00 x 15% = $48.60/mo payment $24.00 8% Sales Tax or $324.00 Total *$24.30 Bi-Weekly $32.40 10% Initial Payment or $324.00 Total Financed *$12.15/weekly
• 10.
  Funding Calendar  All funding is determined by when a complete funding packet is completed, signed and received by Funder. Once an account is funded, it is deposited the next business day into the merchant's account.  The typical funding period is 2-4 business days. This means deals turned in completed and signed to Funder on a:  Mondays - are funded Tuesdays and store sees funds in their bank as soon as Wednesday.  Tuesday - store sees funds as soon as Thursday  Wednesday - stores sees funds as soon as Friday  Thursday - stores see funds as soon as Monday  Friday - store sees funds as soon as Tuesday  Saturday - store sees funds on as soon as Tuesday  No deals are funded on Sunday which means deals submitted on a Sunday will be treated as if they were received on Monday, thus funding will show up as soon as Wednesday in the store’s account.  NOTE: If Monday is a Holiday i.e. Memorial Day, Columbus Day (any Monday holiday), deals that are typically funded on a Monday are pushed back a day. So, a Thursday Funding will not show up in a store’s account until as soon as Tuesday. Any national holiday where banks are closed typically puts funding back a day (even if Funder is open because the banks are closed and won't receive ACH deposits).
• 11.
  Sample Dealer FundingTransactions Up Front Payment Sale Price w/ tax $660.00 10% Initial Payment (service fee) Paid to Dealer upfront by customer $66.00 Dealer Funded ACH from Progressive $594.00 Total to Dealer $660.00 The customer’s balance at this point is $660. Remember, the initial payment is the service fee for the transaction. It is not deducted from the sales invoice)
• 12.
  States Covered  Financing is available in 46 states  Excluded states: New Jersey, Minnesota, Vermont and Wisconsin  No Puerto Rico
• 13.
  Contact  A Progressive Solutions Partners Company  www.pspnocreditcheck.com  OTIS HALL  [email protected]  352-422-8059