ServicingUSA™ Introduces Bill & Buy™, a Hassle-Free, In-House Payment Plan to Maximize Customer Approvals

Eligible businesses can now offer seamless, in-house payment plans to 100% of their customers at the point of sale through the new Bill & Buy program. Payment collection and servicing is handled through ServicingUSA.

Sherman Oaks, California (April 20, 2021) – Today, ServicingUSA announced the launch of Bill & Buy, its new payment plan program for small businesses. The program is designed to empower businesses by allowing them to offer their very own flexible, hassle-free, in-house payment plans to their customers right at the point of sale. ServicingUSA handles the administrative part, including servicing, collections, and credit bureau reporting for payment plan contracts.

“Bill & Buy allows businesses to offer in-house payment plans and customize the entire process of creating contracts, from collecting down payment to setting finance charges,” says Manoj Mathew, CTO and Head of Servicing & Collections of ServicingUSA. “At every step of the way, businesses can provide more approvals for their customers, increasing revenue and customer satisfaction.”

As an added benefit to small business merchants, ServicingUSA may also opt to buy out the eligible retail installment contracts after six months of consecutive payments.

The approval process is simple. First, a soft pull of the customer’s credit is completed and the merchant either pre-approves or declines their applicant. Once the customer is pre-approved, down payment and payment terms are calculated and presented through the Bill & Buy portal.

All payments for the Bill & Buy program are made through ServicingUSA’s payment portal. This easy-to-use platform provides customers access to everything they need, from copies of their contract documents to scheduling autopay.

With convenient low monthly payment plans made available through Servicing USA’s portal, businesses can say “yes” to more customers and sell more of their products and services. Interested businesses can learn more about the Bill & Buy program here.