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SN Digital Ideas Portal
Created by Andy Sierzega
Created on Aug 9, 2023

Split/Down Payments on Web

We do not have the ability to do a down payment on the web currently.

Opportunity / Problem

As the cost of financing continues to rise, a strategy to mitigate some of the financing costs is to require down payments on orders (ie tax and shipping, 10%, etc). An 8% down payment on orders financed would save approx $6m in annual financing costs for the organization (approx $700k web) . The Sales Org will be pushing this coming up.

Performance Goals & Measurements

Conversion

Split payment sales

Strategic Imperatives Frictionless Customer Journey
Quarterly Focus Q3 - Cart, Checkout, Payments
Business Impact Med Impact = >$100K
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