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Point of Sale (POS) Finance is a type of credit and loan product that allows customers to purchase goods and services at the point of sale and pay for them over time. It is a form of consumer financing that is typically offered by retailers and merchants, and is often used to purchase items such as furniture, electronics, and appliances. POS Finance is typically offered as a revolving line of credit, allowing customers to make multiple purchases over time and pay them off in installments.
POS Finance is a convenient and flexible way for customers to purchase items they may not be able to afford upfront. It also helps merchants increase sales by providing customers with an alternative payment option.
Some companies in the POS Finance market include Affirm, Klarna, Afterpay, Bread, and Splitit. Show Less Read more