BuyMax debuts BuyFin payment processing, consumer financing

BuyMax, a group purchasing organization, launched BuyFin, a platform that offers both payment processing solutions and consumer financing options to home service businesses.

BuyFin Payment Processing, which is offered in conjunction with third-party partners, helps users get paid faster.

BuyFin Consumer Financing, which is offered in conjunction with technology partners and financial institutions, helps contractors close more jobs while increasing average ticket size. Built-in AI decision-making allows for both contractors and customers to have a streamlined experience.

“With BuyFin, we are excited to provide businesses with a seamless technology-driven approach to payment processing and consumer financing that provides quality products and services with speedy business approvals, white-glove support, informed decision making, and increased customer approvals,” says Clare Perry, president of BuyMax. “BuyFin’s objective is to maximize competitive options for the customer and drive business growth for the business owner - creating a win-win satisfying experience for all.”

Features of BuyFin Consumer Financing include:

• Ability to collect payment from the field or the office.
• Payment processing in the field with merchant terminals.
• Soft credit pulls before contractors enter the home to deliver consumers pre-qualified offers.
• First- and second-look consumer financing in one application.
• Customizable financing programs.
• Home improvement financing to qualified customers with mobile-friendly technology.
• Approved financing can only be used at your business, ensuring customers book the job with your company.

“BuyFin is a modern, data-driven approach to consumer financing,” says Andy Waskey, vice president of payments.  “We are a strategic partner in growth for our clients, optimizing the process with an automated solution made easy for the business users and their customers.”

As an exclusive sourcing and procurement partner, BuyMax and its third-party partners help businesses increase top-line revenue and minimize bottom-line expenses and span all cost-of-goods expense categories, including equipment & distribution, fleet solutions, insurance, payroll, payments, communications, and marketing. BuyFin Payment Processing is made available in conjunction with third-party partners of BuyMax or its affiliates. All financial products made available through BuyFin Consumer Financing are originated, issued, or otherwise provided by participating financial institutions, members FDIC.