Sharing Knowledge to Power SMBs
Why You’ll Love Behalf: CRO/Head of Sales
Generating revenue is at the heart of everything you do. In order to drive continued growth for your company, it falls to you to ensure all elements are in alignment and working toward the same goal—from Sales and Marketing to your Customer Relationship team. Paying close attention to the customer journey is critical to developing successful strategies to boost sales and ultimately increase profitability.
Expand your financing options with Behalf to drive top-line growth.
Behalf in-purchase financing is a simple, affordable way to convert more customers to buyers and drive revenue. More often than not, business buyers will complete their purchase and spend more when they can take advantage of alternative financing methods instead of paying the entire price of an item upfront.
With Behalf, your business customers have access to apply for financing online, at the point of purchase—from NET30ᐩ to 180 days for qualifying customers. Businesses apply for the precise duration at the individual transaction level, enabling them to match specific purchases with anticipated sales revenue.ᐩ The result?
+ 83 %
in average order value (AOV)*
– 25 %
decline in cart abandons**
+ 44 %
growth in sales revenue***
Business buyers want the same digital buying experience they enjoy as consumers.
And why not? Consumer Buy Now, Pay Later (BNPL) platforms have seen explosive growth in the last two years, and the potential is just as strong for B2B. Adapted for the B2B experience and requirements, alternatively, in-purchase financing is a critical evolution for companies and their B2B customers. After adding Behalf in-purchase financing to their payment capabilities, companies have reported a significant increase in AOV, same-session checkout rates, and customer loyalty. And with Behalf, there are no hidden merchant fees or transaction volume restrictions, so you can support revenue growth while still protecting your bottom line.
Boost sales and customer loyalty with Behalf.
When you give your customers seamless purchasing power to buy the things their business needs, you can notice an immediate increase in sales. Sign up today with Behalf and give your company the power to generate more revenue with in-purchase financing.
*A national electronics distributor saw a 83% increase in AOV with customers that use Behalf vs. other ‘payment’ options (based on sales data from Q1 2017 – Q2 2018).
**A national electronics distributor saw shopping cart abandonment drop by approximately 25% for first time customers in October 2015.
***A national electronic distributor saw a 44% increase in revenue and 80% increase in purchase frequency in the 18 months since launching Behalf as a ‘payment’ offering, measured in May 2017.
*Merchants accepting payments for commercial transactions that are facilitated by Automatic Clearing House (ACH) transfer payment are subject to cut-off times, business hours, terms and conditions of Behalf. Processing timelines may vary by the receiving party. Federal bank holidays are excluded.
*Subject to underwriting approval. Terms and Conditions subject to change without notice and vary by financing product type. Behalf’s NET financing option is an alternative financing method offered through Select Merchants where commercially viable and allows the Business Customer to pay no financing fees if the Order Request is satisfied in full and in accordance with terms and conditions within 30 days. Estimated Debit Schedule is subject to Merchant Cash Advance terms and conditions and the transaction agreement. Estimated Debit as listed in the portal under the Transaction Summary will set forth the estimated timing (the Debit Schedule) and amount (the “Debit Amount”) of the expected debits of the Total Outstandings and the amount of the Order Payment advanced. Each Estimated Debit is equivalent to a percentage of declared total gross business revenue. Business Customers that need to update their total annual gross revenue should contact Care@behalf.com or 1-(877) 943-9962.
Extended Financing options include an estimated 30-180 days of commercial purpose financing. Monthly cost may vary based upon financing product and amount financed.
Visit www.behalf.com/legal-documents to review comprehensive program terms, conditions and disclosures. Questions should be directed to Care@behalf.com 1(877) 943-9962. All Merchant Cash Advances are made by Behalf. All business loans are made by FinWise Bank, a Utah-chartered bank located in Murray, Utah, member FDIC, Equal Opportunity Lender. For more information on ECOA see HERE. For more information about opening a new account, review USA Patriot Act see HERE. For more information on the Loan Program see HERE
+This post is for informational purposes only, not financial advice. Any reference to a website of another party does not constitute or imply endorsement.