All Collections
Finance+ Add On
How to control the cost of financing?
How to control the cost of financing?

Different ways to account for merchant fees in OnCall Air

Christian Sierra avatar
Written by Christian Sierra
Updated over a week ago

Showing Financing options on your proposals is easy and effective. Sometimes, financing might be critical for closing your sales. That's why it's important to give customers more choice and flexibility that they need.

Check out this article exploring how the cost of not offering financing may be higher than the 'scary' merchant fees.
​
With OnCall Air you will have a few ways to manage your financing costs:

A. As Part of the Equipment Bundle

B. As a Financing Option Markup
​C. As a Mixed Model


A. As Part of the Equipment Bundle

This will allow you to set financing cost as a buffer on all jobs that are closed with or without financing. The buffer does NOT apply it to the total investment of the job, so it's important to calculate it accordingly.


B. As a Financing Option Markup

Another way is to control your dealer's fee on the Financing Option level. Inside your every financing option created in Office >> Settings >> Finance Options set your Financing Markup to the value of the dealer's/contractor fee that you have with your bank:


C. As a Mixed Model

You can also have some portion of the fee set up as a buffer in the equipment bundle cost and some on each financing option. Or setting up all your Financing Markups at an average amount and assigning it to all financing options.
​

Read next:

Did this answer your question?