How it's used
Local Authorities
Councils and Local Authorities, are looking to PaymentPlan as the solution for increasing revenue collection whilst at the same time helping families with the cost of living crisis.
By offering a payment plan for outstanding council tax, rent or fines, low-income families are able to commit to paying what’s due and avoid the stress (for them) and cost (for you) of debt collection agencies.
Being able to set payment parameters; minimum term, minimum payment etc makes the gruesome affair of collecting money from struggling families more palatable for both parties, whilst ensuring revenue collection targets are met.
Car Parking
Car parking companies need a simple way to increase the number of paid parking notices and avoid sending fines to third party enforcement agents.
Car Parking companies using the PaymentPlan QR code on their fine letters can offer their clients a 3 – 6 month instalment plan for fines.
This means a higher percentage are paid directly and far less reliance is placed on third party enforcement agencies.
Retail
Our customers in retail use PaymentPlan as a payment option as it increases their turnover and average sale per customer.
At 0% interest with no credit search, and a 100% approval rate it’s never more appealing for a consumer nor easier for any retailer to offer a pay by instalment option.
For example, Superchips, which offers vehicle remapping to thousands of customers nationwide, has seen a 37% increase in turnover since offering PaymentPlan to its client base.
Solicitors and Accountants
Law firms as well as other firms that offer a professional service, often have a number of small outstanding debts. These fees are awkward and time consuming to collect and add up to significantly affect cashflow.
Debts end up being written off or sent to 3rd party debt collection agencies but by using PaymentPlan’s online system, contacts are approached with a different voice and offered an easy way to pay, leading to an instant increase in revenue.
Distress or Deposit based Purchases
If your business is likely to produce a large bill for work either carried out or planned, then PaymentPlan is your perfect partner.
The easy-to-use dashboard makes it simple for you to offer this flexibility to your customers and help them pay an unexpected bill or manage a deposit.
Examples include vets, holidays, pest control, cosmetic procedures, events and equipment hire.