Purpose Based Lending (PBL) or In-Store Finance is a lending product that you can offer your customers to finance goods and services in real-time, on a variety of platforms including online. SwitchPay offers both short-term (less than 4 months) and long-term lending options.

Your customers can now purchase for a higher value and customers who weren’t able to buy can now afford to.

SwitchPay provides the PBL product as an alternative payment option to traditional payments, such as card, cash or EFT. PBL is a loan to your customer to pay for their goods and services. Customers can apply online or in-store through SwitchPay at the point of sale.  

The PBL process will link the customer to the appropriate credit provider and return the best available loan offer for them. SwitchPay seamlessly manages the loan application process from beginning to end and can deliver a response within a few minutes.