AEFS Merchant Program
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Payday Express Plus is a financing tool for retailers and motor vehicle dealers that allows customers to make purchases with a 'same as cash' option for 3, 6, or 12 months. The system guarantees transactions, automatically debits customer accounts, and pays merchants in advance without finance charges. It's targeted at various markets, including home improvement, automotive repairs, and emergency services, and aims to help merchants capture sales that might otherwise be lost due to customer affordability issues.
AEFS Merchant Program
- 1. WELCOME
- 2. Secure Payment Systems PayDay EXPRESS PLUS 3, 6, AND 12
- 3. PAYDAY EXPRESS PLUS 3, 6 and 12 WHAT IS IT?
- 4. PAYDAY EXPRESS PLUS REVOLUTIONARY FINANCE TOOL FOR CERTAIN RETAILERS AND MOTOR VEHICLE DEALERS
- 5. SPS RETAIL “PAYDAY EXPRESS” FEATURE • 3, 6, 12 MONTHS SAME AS CASH • USE YOUR CHECKING ACCOUNT FOR PURCHASE AND LET CONSUMER S-T-R-E-T-C-H OUT THE PAYMENTS FOR UP TO 12 MONTHS • TRANSACTION IS COMPLETELY GUARANTEED BY SPS (ONCE MERCHANT IS PAID HE STAYS PAID-SOME EXCEPTIONS APPLY)
- 6. PAYDAY EXPRESS PLUS 3, 6 AND 12 • RETAIL PAYDAY EXPRESS • RETAIL PAYDAY EXPRESS PLUS
- 7. PAYDAY EXPRESS 6 AND 12 • OFFERS 3, 6 OR 12 MONTH ‘SAME AS CASH’ CONVENIENCE • WE AUTOMATICALLY DEBIT THE CONSUMER’S BANK ACCOUNT AT 30 DAY INCREMENTS UP TO 12 MONTHS FROM ORIGINAL DATE • SEND FUNDS DIRECTLY TO MERCHANT’S BANK ACCOUNT-ELECTRONICALLY!
- 8. PAYDAY EXPRESS PLUS 3, 6 AND 12 • MERCHANT IS PAID IN ADVANCE • OFFER NO FINANCE CHARGE FUNDING TO MERCHANT CUSTOMERS • MERCHANTS MAKE MORE SALES • MORE APPROVALS THAN REGULAR FINANCE COMPANIES
- 9. PAYDAY EXPRESS PLUS 3, 6 AND 12 RETAIL ‘PAYDAY EXPRESS’ TARGET MARKET
- 10. RETAIL ‘PAYDAY’ TARGET MARKET • ANY HOMEOWNER BASED PURCHASE, – DRAPERIES, CARPETING, FLOORING, AIR CONDITIONING, PLUMBING, ETC. • AUTOMOTIVE REPAIR – TIRES, BRAKES, TRANSMISSION, ETC. • EMERGENCY SERVICES – VETERINARY CLINICS – DOCTORS, DENTISTS
- 11. RETAIL ‘PAYDAY’ TARGET MARKET • FURNITURE STORES • SPORTING GOODS AND ASSOCIATED PRODUCTS – CAMPING GEAR – SKI AND SNOW BOARD SUPPLIES – GOLFING GEAR
- 12. RETAIL ‘PAYDAY’ TARGET MARKET • GUNS AND AMMO • COMPUTERS • SOME USED CAR DEALERS • MANY OTHERS…CALL IF YOU HAVE A MERCHANT THAT MAY QUALIFY
- 13. HOW DOES IT WORK • CUSTOMER WRITES 1 CHECK FOR 25 % OF TRANSACTION AMOUNT UP TO $7,500 • ALL CHECKS ARE DATED FOR TODAY (NO POST DATED CHECKS)
- 14. HOW DOES IT WORK? • MERCHANT AND CUSTOMER FILL OUT AND SIGN RETAIL PAYDAY SECURITY AGREEMENT
- 15. HOW DOES IT WORK MERCHANT CALLS SPS FOR APPROVAL UPON APPROVAL MERCHANT PUTS SINGLE CHECK AND SECURITY AGREEMENT THROUGH IMAGER
- 16. HOW DOES IT WORK? • ONCE COMPLETE CUSTOMER GETS DEBITED IN 30 DAY INCREMENTS FROM TODAY’S DATE UP TO 12 MONTHS • MERCHANT IS PAID BY SPS IN ABOUT 2-3 BUSINESS DAYS
- 17. PAYDAY EXPRESS PLUS 3, 6 AND 12 HOW DO I SELL IT?
- 18. HOW DO I SELL IT? • ALTERNATIVE TO EXISTING FINANCING OPTIONS THAT ARE EXPERIENCING HIGHER THAN NORMAL DECLINES • NO CREDIT APPLICATIONS • NO FINANCE CHARGES TO CUSTOMER, BUT MERCHANT CAN CHARGE A SERVICE FEE IF THEY SO CHOOSE
- 19. HOW DO I HELP MERCHANTS ENROLL IN IT? • DESIGNED TO GENERATE MORE SALES FROM CUSTOMERS THAT OTHERWISE MAY NOT AFFORD THE PRODUCT OR SERVICE FROM THE MERCHANT • IN THIS ECONOMY EVERY SALE IS EXTREMELY PRECIOUS
- 20. HOW DO I HELP MERCHANTS ENROLL IN IT? • DESIGNED TO GIVE OPTIONS TO CONSUMERS IN DIRE SITUATIONS • CREATES A WIN/WIN FOR MERCHANTS AND CUSTOMERS • TURNS A NO INTO A YES FOR MERCHANTS THAT OTHERWISE WOULD NOT HAVE ANOTHER OPTION
- 21. IMPORTANT POINTS • THIS WILL ENCOURAGE MERCHANTS THAT ARE LOOKING FOR A WAY TO CAPTURE LOST SALES • THIS IS NOT MAGIC…THERE WILL BE TURNDOWNS OF MERCHANTS AND CONSUMERS • CUSTOMER APPROVALS MAY BE LOWER THAN YOU THINK…FOR MOST MERCHANTS IT SHOULD BE AROUND 50-70+%
- 22. IMPORTANT POINTS • MOST DISCRETIONARY PURCHASES I.E. JEWELRY, ELECTRONICS, TV’S, CLOTHING, AND THINGS THAT ARE BASED ON WANT OTHER THAN NEED ARE DOUBTFUL TO BE APPROVED HOWEVER THEY MAY BE APPROVED FOR CREDIT CARD PROCESSING • CALL IF YOU HAVE DOUBTS
- 23. IMPORTANT POINTS TARGET MARKET LIST IS IMPORTANT, BUT WE DO MAKE EXCEPTIONS ON CERTAIN MERCHANTS, SO DO NOT HESITATE TO ASK
- 24. IMPORTANT INFO ACCEPTABLE MERCHANT TYPES FOR CREDIT CARD PROCESSING • • • • • PAWN SHOPS USED CARS JEWELRY STORES CLOTHING STORES ELECTRONICS, HOME AND CAR STEREO, TV’S, ETC. • BAIL BONDS • TOWING
- 25. Offers the merchant the capability to select during each transaction from any of the three financing term options, or only one or two options depending on their choice.
- 26. Lloyd Lofton – 800-346-2198 lloydlofton@yahoo.com