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Can a customer use the approval obtained in my store, at another retailer?
No, approvals are merchant specific.
When do I get funded?
We fund within 24 - 48 hours after delivery is confirmed. Funding occurs via ACH directly into your account.
How do partial deliveries affect funding?
Because the customer is leasing the merchandise, all items must be delivered before funding takes place.
What if I need to revise a lease that’s already been submitted?
The online portal allows you to cancel and edit the lease any time prior to funding.
Do I collect the initial payment or does Acima?
The merchant always collects the initial payment and any additional funds the customer would like to pay, at the time of the sale.
If it’s not being financed, what type of program is it?
Our program is a lease-purchase financing program. We are financing this purchase on behalf of the customer. However, we are doing it in a way that allows the customer to enjoy all of the benefits of a lease, along with the option of purchasing the property from us at a discount, throughout the duration of the lease. The difference between us and other mainstream financing companies is that we don't look at traditional credit scores when we make decisions.
How does the customer make payments?
All payments are drafted automatically on the customers pay date. However, a customer may make additional payments by calling us at 801-297-1982.
How are the payment amounts calculated?
Unlike traditional financing, our program is not based upon a set interest rate. We simply purchase the merchandise from the merchant and the customer leases it from us until it’s paid off. Generally speaking, the customer will pay 17% of the invoice amount per month.
How long will it take my customers to payoff?
All of our agreements are 12-months in length. However, we offer multiple early payoff options that benefit the customer – resulting in an average lease length of less than 12 months.
How do Acima's early purchase options work?
We provide two early purchase options to our customers. The 90-Day Option allows a customer to pay the Lease Amount + $10 within the first 90 days of the agreement. The Early Buyout Option allows the customer to pay a discounted portion (between 25% and 50%) of the remaining payments due, in one lump sum at any time after the first 90 days of the agreement.
What type of marketing and support does Acima offer merchant partners?
Your success is our success, so we’ll work with you to make sure that all of your customers (and potential customers) know that Acima’s program is available, and the best of its kind. We provide extensive marketing support from posters and banners, to table displays and brochures. We also provide online marketing support to make certain that every customer visiting your site can easily apply online.
Why should I offer a no-credit-needed finance option?
The no-credit-needed market is exploding – serving 4.8 million households, and generating $8.5 billion in annual sales (and growing!). If you’re not offering a no-credit-needed program, you’re missing out on customers. Lots of them!
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