Payment Assist announces 4.5% rates across all 3-month plans
Payment Assist has reduced its rates across all 3-month plans to help garages, workshops and tyre fitters increase conversion rates, improve customer loyalty and scale with confidence.
Making it easier than ever to access a fair alternative to traditional lending solutions, the initiative aims to increase commercial competitiveness and support future business growth. What’s more, with no long-term contracts, companies are not tied into complicated commitments or lengthy agreements.
As the UK’s leading provider of flexible finance solutions for the automotive sector, Payment Assist has already served more than one million customers and processed over £900 million in transactions. Thanks to its customer first approach, the company is renowned for providing seamless solutions for garages, workshops, tyre fitters and the franchise dealer community.
Chris Masters, Chief Commercial Officer at Payment Assist, commented: “Our model is simple – an effective, proven, single-source solution for aftercare, repair and value-added finance needs. By reducing our rates across all 3-month plans, we aim to help companies offer fair and accessible finance options, improve their conversion rates and support future growth.”
Owned by Manx Financial Group PLC (MFG), an AIM listed business that also owns banking subsidiary Conister Bank Limited, Payment Assist is regulated by the Financial Conduct Authority. This allows the company to deliver a comprehensive suite of payment solutions, including interest-free Buy Now, Pay Later (BNPL), regulated lending in the aftersales market, business lending and card processing.
Masters continued: “We want to make offering flexible finance easier than ever for garages, workshops and tyre fitters. That’s why we integrate with multiple market-leading systems, including Keyloop, eDynamix, Purchase Direct, EMaC, RTC, Diamondbrite, Snap-on autoVHC, BookMyGarage, Garage Hive and TechMan, among others, to ensure a smooth fit into existing processes.
“This, alongside our commitment to bringing innovative new products to market, means that companies are assured of a sector-leading, streamlined solution. With highly competitive rates and a partnership-led approach, we’re passionate about setting the industry standards and supporting long-term business growth.”