Open-to-Buy (OTB) is an innovative online and in-store software application for retailers that enables consumers to apply for retail financing through multiple lenders in one easy streamlined process that is both private and secure. The results achieved with OTB have been an increase in overall number of applicants applying for financing and a much higher approval rate of these applicants.
LendPro has partnered with many industry-leading consumer finance companies that cover the entire spectrum of consumer credit profiles - prime, near-prime, and sub-prime, including no-credit-check. The OTB system is integrated with these lender partners so data exchange and application decisioning is automated and fast. This makes applying across multiple lenders easy for both consumer and merchant and gives the consumer more financing options. When participating merchants leverage LendPro’s OTB system and its lender partners, they have more approved consumers shopping their stores. Having more shoppers approved for financing results in higher tickets and higher sales!
OTB works very effectively on any self-service touchscreen platforms, such as tablets, a consumer's own smartphone, or touchcomputer kiosks. It can also run on any computer a retailer has setup in the store. The interface is intuitive and easy-to-use. The system is private, fast, and secure!
Apply to become a participating member in the OTB program in order to have more approved consumers shopping your store.