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. Navigate to the Consumer Financing tab in My Money to sign up. 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
To enroll in an add-on, fill out this form.
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 financing option from your preferred add-on will simply appear among the financing 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% options 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% APR options, they will see options up to the longest term that you have chosen to offer. If a homeowner is not qualified for 0% APR options but is approved for consumer financing, they will continue to only see interest-bearing options.
Example scenarios:
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% options (all term lengths above that 24mo will be interest-bearing options)
If you have chosen to offer up to a 12mo 0% APR, they will see 3, 6, and 12 month 0% options (all term lengths above that 12mo will be interest-bearing options)
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 options 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 financing is subject to credit approval. Terms may vary. Payment options through Wisetack are provided by Wisetack's lending partners. For example, a $1,000 purchase could cost $45.18 a month for 24 months, based on a 7.9% APR, or $333.33 a month for 3 months, based on a 0% APR. See additional terms at wisetack.com/faqs.