Housecall Pro is excited to share that you can now offer your customers 0% APR financing for up to 24 months with Wisetack! 0% APR add-ons allow your customer to make smaller, interest-free payments over longer periods of time, while you get paid in full as soon as the job is finished.
How It Works
In order to offer your customers interest-free financing, your organization first needs to enable Wisetack. Click here to get started right away: navigate directly to the App Store and begin setup. To learn more about consumer financing with Wisetack, check out our consumer lending overview.
A 3 month 0% APR financing option is automatically included in Wisetack’s offering. However, by enrolling in an add-on, you can now offer three additional options, 6, 12, or 24 months, at 0% APR. Here is a breakdown:
Up to 6 months: 0% APR for 3 and 6 months
Up to 12 months: 0% APR for 3, 6, and 12 months
Up to 24 months: 0% APR for 3, 6, 12, and 24 months
What happens now that I’ve signed up?
Nothing will change in your day-to-day when you’re enrolled in a 0% APR add-on! A 0% APR loan option from your preferred add-on will simply appear among the loan options your customer sees in an application.
Your merchant fee will change based on the 0% option your customer picks:
Why can’t my customer see a 0% option?
Qualifying for longer-term 0% offers requires a homeowner to be 'well qualified,' meaning they'll need a credit score in the low 700’s. (For reference, a homeowner can qualify for interest-bearing options with a credit score in the low 500’s.)
If a homeowner is qualified for 0% offers, they will see up to the longest term that you have chosen to offer. If a homeowner is not qualified for 0% offers but is approved for consumer financing, they will continue to only see interest-bearing offers.
When a homeowner is approved for a 0% offer:
If you have chosen to offer up to a 24mo 0% APR, then they will see 3, 6, 12, and 24 month 0% offers
If you have chosen to offer up to a 12mo 0% APR, they will see 3, 6, and 12 month 0% offers (all loan lengths above that 12mo will be interest-bearing offers)
When a homeowner is not approved for a 0% offer but is approved for interest bearing:
The homeowner will see all 3, 6, 12, and 24 month offers and the rate that they qualify for
When a homeowner is not approved for either. the homeowner cannot utilize Wisetack to pay for the job
Can I trial an add-on or unenroll?
You may trial a 0% APR add-on and unenroll anytime. Simply chat into the blue bubble, and a support specialist will be ready to assist you.
All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank, a California-chartered industrial bank. For example, a $1,000 purchase could cost $45.18 a month for 24 months, based on a 7.9% APR. See additional terms at wisetack.com/faqs.