Offering an easy lease renewal payment solution has become essential for retail business owners looking to enhance customer satisfaction and support business growth in today’s dynamic market. As the shopping landscape evolves, adapting to diverse customer needs through retail strategies, such as lease-to-own (LTO), can strengthen long-term customer relationships.  

This article explores how integrating an easy lease renewal payment solution can contribute to improving your business, revenue growth and extend your reach by highlighting the impact of flexibility with lease-to-own — and how Acima Leasing can help! 

Your Business with Innovative Retail Solutions 

As consumer preferences change over time, retail businesses that adopt innovative retail solutions (like lease-to-own) can create a better position to try and stay ahead of the curve. Lease-to-own, or LTO, is a proactive approach that can help to address current market demands and prepares retail businesses for future trends in consumer behavior. By continuously refining and expanding how customers can shop, businesses can maintain a competitive edge, attract new customers, and foster loyalty among existing ones. Embracing retail solutions like LTO is about meeting present needs and supporting long-term sustainability and growth in an ever-changing marketplace. 

Benefits of Offering Lease-to-Own 

An easy lease renewal payment solution, like lease-to-own, provides several tangible benefits that can support a retail business’s performance and customer relationships.  

Expanded Customer Base  

Making products more accessible through lease-to-own, can attract a broader customer base. With Acima Leasing, our flexible lease-to-own solutions can help you get the items you need without using credit.* 

Enhanced Customer Loyalty 

One of the standout benefits of offering lease-to-own is that lease renewal payments are aligned with a customer’s lifestyle. Based on the information provided in their application, a lease renewal payment cadence is assigned that works conveniently with their payday. This flexibility can greatly enhance customer engagement, as customers will feel that you, as a retailer, are considerate of their shopping needs. This level of consideration can lead to stronger customer loyalty and higher retention rates, as customers are more likely to return to a business that offers flexibility and support. Moreover, satisfied customers are often more willing to recommend a business to others, potentially leading to new customer growth and current customer retention. 

Lease-to-Own with Acima Leasing 

Applying to work with Acima Leasing is simpler than ever. And if your business is approved, getting started with Acima Leasing is streamlined and seamless to implement into your business. You can follow these steps: 

Step 1: Apply to be a Retailer 

This involves going to our website and filling out an application. You can start on our retailer page to learn about Acima Leasing or use this application form directly. 

Step 2: Integration and Setup 

Once approved to be a retailer with Acima Leasing, you’ll receive guidance on integrating our lease-to-own solution into your business operations. For eCommerce retailers, this also includes exploring our options to help create a frictionless online shopping experience for your customers. 

Step 3: Training and Ongoing Support 

Acima Leasing provides training for your team to ensure they understand how the lease-to-own process works and how they can assist customers best in how to understand their lease. You will also gain access to our merchant portal, which includes various materials to help promote lease-to-own in-store and online to your customers. Your merchant portal access will also allow you to track lease activity so your team can stay informed of the benefits due to using lease-to-own.  

Enhance Your Business with Acima Leasing 

Boost your business offerings and meet your customers’ needs by working as a retailer with Acima Leasing to provide an easy lease renewal payment solution! Lease-to-own provides the adaptability your customers seek, making shopping more manageable and supporting overall customer satisfaction. Start today by exploring how working with Acima Leasing can expand your business offerings and support your business growth. Visit our website for more information and to begin your application.