DivideBuy: Spread The Cost logo

DivideBuy: Spread The Cost

Develop by Shopify
Free App

Convert more shoppers with this easy-to-use finance app

Instant credit approval
Tailored spend thresholds
Multiple repayment periods
Instant lending decisions
Soft search eligibility check
No impact on credit file
Credit installment visibility
Flexible payment options

About DivideBuy: Spread The Cost

Launched Nov 18, 2022

Categories

Description

DivideBuy offers your customers a quick and simple way to spread the cost on what they love.

# Your customers can be approved for credit in seconds With tailored spend thresholds, multiple repayment periods and instant lending decisions, DivideBuy offers your customers a quick and simple way to spread the cost on what they love. # Soft Search Customers can check their borrowing eligibility for the value of their order – without damaging their credit file. # Convert+ Buyers can view credit instalment amounts for spreading the cost of a purchase over 3, 6, 9 or 12 months.

# Your customers can be approved for credit in seconds With tailored spend thresholds, multiple repayment periods and instant lending decisions, DivideBuy offers your customers a quick and simple way to spread the cost on what they love. # Soft Search Customers can check their borrowing eligibility for the value of their order – without damaging their credit file. # Convert+ Buyers can view credit instalment amounts for spreading the cost of a purchase over 3, 6, 9 or 12 months. more
  • Customers can be approved for credit without manual underwriting.
  • Soft Search: check borrowing eligibility for the value of the customer order
  • Convert+: view credit instalment amounts for spreading the cost of a purchase

Pros

  • Quick and simple credit approval process for customers, enhancing their shopping experience
  • Instant lending decisions allow for immediate purchasing power
  • Soft search feature lets customers check borrowing eligibility without affecting their credit score
  • Flexible repayment periods with options to spread costs over 3, 6, 9, or 12 months
  • Tailored spend thresholds can cater to different customer financial situations

Cons

  • Potential for customers to overextend financially due to easy credit access
  • May encourage irresponsible spending habits by making it easier to buy on credit
  • Lack of detailed information on interest rates and fees in the description
  • Reliance on app functionality means technical issues could disrupt service or customer experience

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