Solupay is pleased to announce that through our robust integration with NetSuite SuitePayments, merchants are able to offer Synchrony financing options directly through their NetSuite deployment. This integration enables merchants to increase sales by offering promotional and flexible financing options to their customers. All this can be accomplished directly within NetSuite and can even accommodate credit increases and account lookup in just a few simple clicks, increasing your ability to drive incremental sales.
Synchrony Bank provides a range of credit products and financing options at over 380,000 national and regional retailers, local merchants, manufacturers, healthcare service providers and more. The financial flexibility offered through Synchrony enables these businesses to increase their sales by offering customized and promotional financing options, such as low interest rate offers or 6 months same as cash.
For customers with existing Synchrony accounts, merchants are able to look up account numbers directly from NetSuite. In the NetSuite payment functions, merchants offering Synchrony can now instantly apply promo codes for the financing offer and see the customer's available credit. If the available credit is not sufficient, the merchant can request a credit line increase with the customer's consent. This is initiated through the Solupay integration from within NetSuite, and a credit check is initiated and returned in seconds.
For customers new to Synchrony, merchants are able to create a new account application, adding a co-applicant if necessary, and again receive notification from their NetSuite screen if the application is approved.
Not only is this integration available for Synchrony Financing, but also includes Synchrony credit cards. Synchrony offers private label and co-branded credit cards and loyalty programs. For merchants in the home improvement business, the Synchrony Home Card can be used at home retailers for customers to use for furniture like sofas, mattresses, and dining room sets, plus the latest appliances, and electronics like TVs, computers and cameras. These merchants can allow their customers to use promotional financing to pay over time without having to apply for additional cards at each retailer or provider. And as a merchant, being able to do this all from within your NetSuite application will reduce the manual processes your employees need to take, helping you achieve efficiencies and drive sales!