Lendaily and SoftPoint Enter Strategic Relationship to Offer Revolving Consumer Credit to Hospitality Sector

Partnership Enables Merchants to Offer Consumer Credit at Point-of-Sale

Money2020, Las Vegas, October 22, 2018 – Lendaily, Inc. (www.lendaily.com), a provider of merchant-centric revolving credit finance solutions, announced that it has entered into an agreement with SoftPoint, a provider of point-of-sale payment acceptance technology. As part of the partnership, SoftPoint will bundle Lendaily’s revolving credit and analytics products into its point-of-sale solutions that are targeted to merchants in the hospitality Continue Reading

Everyone Squeezes the Merchant

Regardless of the industry, market, or customer base, every merchant and service provider faces a seemingly unending set of pressures on profitability. They get squeezed from every angle, and are often forced to operate on thinner margins just to remain in business. Among the myriad costs of running a business is enabling customers to “finance” purchases as a means to close the sale. This hidden cost silently bleeds profits while the merchant remains focused on how to beat the competition.

Merchants Continue Reading

Why Lendaily?

What’s the sales and marketing benefit of offering a closed loop, merchant branded Lendaily revolving line of credit solution? IT KEEPS CUSTOMERS COMING BACK. Once buyers pay down the purchase with an easy payment plan, the private label revolving credit account is waiting for their return. Best of all, they can’t use this closed loop credit at any competitor. The Lendaily platform works perfectly for healthcare clinics, auto services, travel agencies, and hotels that rely on customer Continue Reading

How does Lendaily help merchants at the POS?

It’s the fear of every merchant: Your hard-earned customer is about to pay and suddenly they switch from the excitement of buying – to the fears of paying. It could be that they’re afraid to pay high interest rates on their credit card—or maybe they’ve exhausted their credit limit. Whatever the reason, the sales goes south.

Most people use their credit cards for daily expenses such as gas, food, and perhaps auto pay for recurring bills, like phone service or utilities. But they Continue Reading

Gary Prior

The Lendaily Team

To compete with the large established providers of consumer financing, Lendaily’s co-founder and CEO Gary Pryor assembled a ‘dream team’ of strategic partnerships to create winning solutions for merchants and consumers, and to provide a level of service that exceeds the competition.

Lendaily’s partners are a veritable ‘who’s who’ in financial technology. MK Decisioning’s FICO-based algorithms leverage Experian’s robust credit database resources to evaluate and approve credit Continue Reading