Progressive Leasing Releases Expanded E-Commerce Plug-Ins for Magento 2, WooCommerce
July 20, 2021 at 08:30 am EDT
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Progressive Leasing announced an expansion of its e-commerce platform offerings with Magento 2 and WooCommerce plug-ins that simplify the retailer integration and customer application processes, while shortening the time between lease application and checkout completion. The enhanced plug-ins offer e-commerce and omni-channel retailers a plug-and-play, lease-to-own payment solution optimized for easy integration with shopping sites that utilize Magento 2 for the Adobe Commerce platform and WooCommerce for the WordPress platform. The new version of each plug-in also offers end-to-end management on lease-to-own retail orders, including managing order delivery dates, returns, and cancellations. Customers can shop, originate a lease, and complete the checkout process on the retailer’s own website while receiving faster decisioning on their lease-to-own applications. They can also use the same approval to finalize their transaction across any of the retailer’s shopping channels, including the retailer’s website, or at any brick-and-mortar location.
PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.
PROG HOLDINGS, INC. 
