FuturePay announces the availability of its MyTab digital revolving credit solution for e-commerce merchants

Retailers can now take advantage of low merchant fees, increased average order value, reduced cart abandonment and opportunities for repeat purchases

SOUTH JORDAN, UT /ACCESSWIRE/August 22, 2022/ FuturePay Holdings Inc. (FuturePay), an e-commerce finance solutions provider, announced that its MyTab™ digital revolving credit platform is now available to online merchants. The MyTab solution is an alternative to traditional credit cards and Buy Now Pay Later (BNPL) installment loan offers. MyTab works independently of credit card networks and can be easily integrated into the shopping carts of popular e-commerce platforms through a simple “plug and play” API. MyTab enables merchants to offer consumers an intuitive, card-less, online revolving credit option with very merchant-friendly terms.

MyTab’s unique digital revolving credit solution allows consumers to apply once and, if approved, reuse their line of credit indefinitely. This has major advantages over “apply once/use once” BNPL installment loans when it comes to improving customer lifetime value (LTV). The reusable line of credit increases brand loyalty and provides recurring revenue to merchants by enabling repeat and subscription purchases. In contrast, BNPL loans end the merchant/customer relationship once the installments have been made.

The MyTab platform offers merchants competitive pricing and fast payment, while giving consumers the added flexibility to structure their own payment schedules. The solution can be integrated with a wide range of major e-commerce platforms including Shopify, Magento, Shift4Shop, and PrestaShop. Additionally, MyTab’s frictionless checkout process is fully optimized for mobile shopping, allowing consumers to easily shop on the go.

To celebrate, FuturePay is offering an authorized merchant program offering a 50% introductory discount on merchant fees for the first six months after launch for select e-commerce merchants who sign up for MyTab.

“MyTab’s cardless digital revolving credit platform combines the best of all worlds: instant decision-making, an integrated payment solution and the convenience of BNPL with the flexibility and proven business model of traditional credit cards,” said Tim Harris, Managing Director of FuturePay. “We believe MyTab will appeal to both e-commerce merchants and their consumer customers. Retailers can offer their customers a frictionless, convenient, and highly secure financing option at checkout with a payment schedule that can be tailored to their specific budget needs. We also expect merchants to welcome the increased recurring revenue and improved brand loyalty that MyTab enables. »

About FuturePay

Based in South Jordan, Utah, FuturePay Holdings, Inc. is the provider of MyTab™, an innovative digital revolving credit platform that offers a secure, cost-effective, and easy-to-implement cardless financing option for commerce merchants. electronics and their customers. Unlike traditional Buy Now Pay Later platforms that provide installment loans for a single purchase, FuturePay customers apply once for a revolving line of credit that they can use and reuse over the long term for purchases on n’ any website that accepts MyTab as a payment method.

Contact:

Glenn Goldberg
Parallel Communications, Inc.
[email protected]
516-776-3282

THE SOURCE: FuturePay Holdings Inc.

See the source version on accesswire.com:
https://www.accesswire.com/712995/FuturePay-Announces-Availability-of-Its-MyTab-Digital-Revolving-Credit-Solution-for-E-Commerce-Merchants

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