VaultPay provides customizable payment solutions that allow customers to choose how and when they pay, including options for monthly payments and deferred financing. This approach addresses the challenge of customer hesitation during financial discussions, enabling merchants to close more deals and enhance customer satisfaction.
Funding
Funding not disclosed
Founders
Product
Problem
Many customers hesitate during financial discussions, especially when considering large purchases like home improvements, leading to potential deal losses for merchants. Traditional financing options can be cumbersome and may not align with individual customer needs and preferences.
Solution
VaultPay provides a customizable payment platform that empowers customers to choose how and when they pay, offering options such as monthly installments, deferred payments, and custom payment plans. This flexibility addresses customer hesitation by providing tailored financial solutions, increasing the likelihood of closing deals and enhancing overall customer satisfaction. The platform aims to simplify the transaction process between merchants and homeowners by offering fast payment options and approvals, putting customers in control of their payment schedules.
Target Audience
VaultPay primarily targets home improvement businesses and other merchants looking to offer flexible payment solutions to their customers.
Features
- Customizable payment plans including monthly payments, deferred payment options (up to 12 months), and equal payment plans (up to 60 months with 0% interest).
- "Vault By Month" for affordable monthly payment options.
- "Vault It Forward" allowing customers to defer payments.
- "Vault 60" offering equal payments up to 60 months with 0% interest.
- "Custom Vault" enabling the creation of payment plans tailored to specific needs.
- Options to pay via debit, today, or later.
- Partner portal for easy management of payment options.