Mobile Electronics Specialty Retailers Subscribing to MEA Can Offer Snap’s Flexible, Pay-Over-Time Financing to Customers
May 5, 2022—Salt Lake City— Snap Finance (Snap), provider of fast, flexible pay-over-time digital financing options, today announced that the Mobile Electronics Association (MEA) has named Snap as a Preferred Financing Partner. Through this partnership, mobile electronics specialty retailers nationwide can confidently offer Snap’s pay-over-time financing to customers who are rebuilding their credit.
The Mobile Electronics Association consists of manufacturers, retailers, and service providers of automotive aftermarket technology products. Through trade shows and conferences, the MEA provides top-notch education, networking opportunities, and business services designed to advance the professionalism and profitability for all of the industry's stakeholders. Its trade-only publication, Mobile Electronics magazine, strives to serve as the industry's most-read and trusted resource for news.By naming Snap a preferred partner, the MEA advises their subscribers to process Snap’s financing first to ensure a higher approval rate for customers.
“Snap Finance provides transparent financing that our member retailers can offer to help their customers gain access to great new audio technology for their vehicles,” said Chris Cook, president of the MEA. “We’re pleased to name Snap as a Preferred Financing Partner. Their pay-over-time solution will help our members increase sales and grow their businesses.”
Snap’s financing solution takes a more holistic view of consumers with credit challenges, resulting in more sales for the retailer and a better way for customers to purchase the high-ticket items they want and need. Snap offers online and in-store financing solutions that empower retailers to get customers approved in minutes with the lowest rates around. With Snap as a Preferred Financing Partner, retailers can close more sales with no additional cost or financing risk. Customers receive a transparent, flexible solution that allows them to pay for car audio equipment and services on a schedule tailored to their pay cycle.
“Snap believes that modern payment solutions should look at each consumer as an individual deserving of an opportunity to purchase the things they want and need, despite past credit challenges,” said Rex Northern, senior vice president and general manager of Business Solutions and Enterprise Group for Snap Finance. “We’re proud to be named a preferred financing partner for members of the MEA to help them close even more sales and help their customers rebuild their credit scores in the process.”
For more information about the partnership and its benefits for car audio retailers, visit http://mobile-electronics.com/snap.
About the Mobile Electronics Association
The Mobile Electronics Association (MEA) has a mission to educate, inform and empower the industry. It is an organization of professionals who market products and services that enhance the driving experience. Membership includes retailers, manufacturers, distributors, manufacturer’s representatives and others related to the mobile electronics industry who realize professionalism and continuing education are cornerstones for successful business. The MEA serves as the safe and neutral field where all parts of the industry can gather to learn from and share with one another. For more information, visit http://mobile-electronics.com/.
About Snap Finance
Since 2012, Snap has been on a mission to bring flexible, pay-over-time financing options to all consumers. Snap’s world-class team of enthusiastic, friendly problem-solvers has harnessed the power of data to empower customers of all credit types and to help retailers close more sales. Its proprietary technology brings together machine learning, non-traditional risk variables, and years of data to create an industry-leading decisioning platform. Snap enables retailers to bring modern payment options to consumers who are still growing or rebuilding their credit profiles. Snap’s payment solutions are accepted at more than 300,000 merchants. For more information, visit snapfinance.com.
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Media contact:
Michelle Barry
Chameleon Collective for Snap Finance
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