So, how are we doing this on a practical level?
Well, the one-click and application-free experience for returning account holders doesn’t hurt. But we’ve got more to brag about.
When an application is submitted, the risk of the transaction is analyzed instantly, with industry-leading accuracy. We look at people, not demographics. Instead of treating customers as part of a group to determine their creditworthiness, we look at a vast number of data points to examine each shopper independently at the moment of purchase.
Our wide portfolio of payment products fits the varying needs of both consumers and merchants, to ensure they get what best suits them. In addition to traditional credit, we offer alternative payment methods including Pay later and Slice it in 4. Slice it in 4 allows shoppers to pay off their purchase in 4 equal installments, automatically collected bi-weekly. No credit agreement, no upfront interest or fees, and no hassle. All of this with an almost 100% acceptance rate.