Connect with us

Press Releases

Versatile Credit Offers New In-Store Finance Application Options

mm

Published

on

They use tablets and merchant-owned computers.

(Press Release) MECHANICSBURG, PA – Versatile Credit, a provider of solutions linking lenders with consumers applying for credit in retail stores, announced new in-store credit approval service options using tablets and merchant-owned, web-enabled computers.

The solutions are ideal for jewelry retailers where counter and floor space is often limited, the company said.

Versatile Credit recently launched tablet and computer options to complement its existing line of floor-standing and tabletop kiosks, creating the industry’s widest array of in-store credit application choices.

Kevin Lawrence, vice president of sales and marketing for Versatile Credit, said the company will continue to partner with leading consumer credit providers to present more finance options for national and independent jewelry retailers.

“We know customers often need extra credit to make their jewelry purchases,” he said. “We also know how critical display space can be in many jewelry stores. Now we can offer these retailers choices – kiosks, tablets and their own web-enabled computers – to access our leading credit application service.”

Consumers enter their credit data in private using any of the devices. Decisions are returned in seconds. Denied applications can cascade to second-look and no-credit-required options. The Versatile Credit system results in increased applications, reduced denials and increased sales for retailers.

Advertisement

Also, the application process requires limited involvement from store personnel. All data is digitally transmitted to lenders, leaving no sensitive information for retailers to protect. Versatile Credit encrypts all data to maintain its integrity throughout the process.

The Versatile Credit system is used in thousands of North American jewelry and other big-ticket retail storefronts. Since 2007, applications using the system have resulted in more than $16 billion in approved credit.

Advertisement

SPONSORED VIDEO

Thinking of Liquidating? Think: Wilkerson

When Peter Reines, owner of Reines Jewelers in Charlottesville, VA, decided it was time to turn over the “reins” of his 45-year-old business to Jessica and Kevin Rogers, he chose Wilkerson to run his liquidation sale. It was, he says, the best way to maximize the return on his decades-long investment in fine jewelry. Now, with new owners at the helm, Reines can relax knowing that the sale was a success, and his new life is financially secure. And he’s glad he partnered with Wilkerson for this once-in-a-lifetime opportunity. “There’s just no way one person or company could run a sale the way we did,” he says.

Promoted Headlines

Most Popular