Financing for pawn shops
Layaway holds your inventory and delays your money. Lease-to-own moves the item out today and pays you now.
In short
Layaway is the default in pawn retail and it is a poor deal for the shop: the item sits in the back, the cash arrives in instalments over weeks, and a meaningful share of layaways are abandoned. A point-of-sale lease-to-own program replaces it — the customer applies by QR code at the counter, you invoice the provider, and the inventory leaves today.
Your counter
Layaway versus lease-to-own, from behind the counter
The comparison that matters is not to the customer. It is to your cash position and your floor space.
| Layaway | Lease-to-own | |
|---|---|---|
| When you get paid | In instalments, over weeks | On invoice, from the provider |
| Where the item sits | Your storeroom | The customer’s home |
| Abandonment risk | Yours | The provider’s |
| Admin | Manual tracking per customer | Handled by the provider |
| Customer experience | Waits weeks for the item | Walks out with it |
| Second sale | Unlikely while they wait | Returns sooner |
How it works at the counter
Three minutes, on the customer’s phone
QR code at the register
The customer scans, applies on their own phone and gets a decision in most cases instantly. No terminal, no paperwork at your counter.
Every credit profile
The network spans established credit down to no credit file, which matters in a category where a large share of customers have thin files.
You invoice the provider
The lender or lessor funds the transaction. You are out of the credit business entirely.
Joining
How onboarding runs
Gather documents
Business and ownership details, banking information, and photographs of your store front and interior.
Submit the enquiry
Expect an email within 12 to 24 hours to schedule a discovery call with the onboarding team.
Discovery call
We work out which programs suit your category, your ticket sizes and your customers’ credit mix.
Agreement and go live
A merchant agreement follows for review and signature, then your link, QR code and staff training.
Questions
Merchant questions
Does this replace layaway entirely?
Most shops keep layaway for customers who prefer it and lead with lease-to-own. The majority who are offered both take the item home today.
What does it cost my shop?
No mandatory merchant fees on standard programs and no sales minimums.
Do I need a terminal or new hardware?
No. A QR code and an application link are enough. Customers apply on their own phones.
What about customers with no credit at all?
A no-credit-needed program decides on income and banking history rather than a score, which covers a large part of this customer base.
Keep reading
Related
Offer financing at your counter
No mandatory merchant fees on standard programs, no sales minimums, and one application link covering every customer who walks in.