Please note the Wisetack Integration is only available to companies located in the United States 🇺🇸

Have you ever considered offering payment plans to your clients? It's a great way to make your services more accessible and it can even lead to winning more (and larger!) jobs.

Here is a guide that outlines the process of connecting, submitting pre-qualification, and initiating financing applications using the Wisetack integration.

How to set up the Wisetack Integration

Log in to your Paintscout account, click the person icon in the top right of your page, and go to your Account Settings > Integrations section.
Look for Wisetack and click on the Setup button. You will be redirected to the Wisetack application. This process usually takes around 5 minutes.
Complete and submit the Wisetack application. You can track the progress of your application in PaintScout.
Wisetack will carefully review your application within 3-5 business days.
Once your application is approved, the status will change to Application Approved.

✅ Congratulations, You're all connected! The next step is to set up an onboarding call with Wisetack. Learn more about the integration here!

Send a financing application

💡You can send customers a link to apply for financing, and they can also do so themselves directly from the estimate or invoice!

Financing can only be applied if the job is between $500 and $25,000.

Once you create an estimate or invoice, a Wisetack banner will be displayed for you to send a financing application via text.

1. Click Send Application.

2. Confirm the phone number is correct, adjust the amount, and add an estimated service (project) completion date. Click Send.

Financing Applications from the customer's POV

Once your customer receives their estimate or invoice, they can click to apply for financing themselves. They'll be prompted to fill out the application form after they click See Options.

A dialog will appear for your customer to complete the application. Wisetack will send your customer regular email and text updates to keep them informed on the status of their application.

We will keep you updated on the status of the application in the Reports > Financing > Financing Applications section. +Learn More about Financing Reports

Your Client's Experience - How They Apply

Customers start by entering some basic information about themselves and carefully reviewing the available options.
They will be presented with up to six different options, featuring flexible term lengths of up to 60 months. The APR (Annual Percentage Rate) will vary between 0% and 35.9%*, based on their qualifications.
For certain customers, additional information may be requested such as adding a debit card or providing a driver's license after they have viewed their options.
As the business owner, you will receive a notification when your customer successfully prequalifies (from an estimate) or locks in their offer (from an invoice). This ensures you stay informed about their progress.
Once the customer confirms that the work has been completed the funds will be released.

Want to get an idea of what your customer might pay?

Explore different scenarios with The Payment Calculator!

Staged Payouts

Staged payouts allow you to collect a deposit or progress payment for customers who are approved for financing!

Start by defining your deposit percentage or dollar value in the Integrations section.
This will apply to all new estimates and of course, can be adjusted on a per-estimate basis.
Once a customer is approved for financing they will have two buttons in their Wisetack portal to release payment. One for the deposit, and the other for the remaining balance.

How to adjust the deposit for an individual estimate

In an estimate, open the sidebar menu on the right.
Select the Payments & Financing section.
Edit the deposit required in the Wisetack Deposit Amount box.

📝 This will only impact the current estimate. If you would like to adjust the deposit for all new estimates, please make that change in your integrations section.

Market Financing to Your Customers

There's a static prequalification link in your integration settings that you can use as a marketing tool.

1. Click the person icon and go to Your Profile.

2. Navigate to your Integration settings and find Wisetack.

3. You can copy the link and send it to your customer to see how much they qualify for.

Sales Tips

Transparency is Key: When discussing financing options with your customers, be upfront and honest. Assure them that applying is a quick and hassle-free process that won't negatively impact their credit score.
Share the Pre-qualification Link: Help your customers determine what they can afford by sharing a pre-qualification link. This sets the stage for a smooth financing experience.
Highlight Monthly Payment Options: When discussing the overall cost of a job, emphasize the "as low as" monthly payment price. This approach allows customers to envision manageable payments and makes your offerings more appealing.
Leverage Your Online Presence: Make sure to promote your financing options on your website and social media channels. These platforms are excellent opportunities to attract potential customers who may be seeking convenient financing solutions.

Resources

Payment Calculator: Utilize the convenient payment calculator tool to determine potential payment options for your clients. It's an invaluable resource that helps both you and your clients find the best financing solutions. +Check out the Payment Calculator
Marketing Toolkit: Access Wisetack's comprehensive marketing toolkit, packed with a variety of resources and guides. This toolkit is designed to assist you in seamlessly integrating consumer financing into your marketing, sales, and service strategies. Unlock the power of these resources and watch your business thrive. +Access the Marketing Toolkit
Personalized Training with a Wisetack Expert: Take advantage of personalized training calls hosted by Wisetack experts. These one-on-one sessions are tailored to help you gain a deeper understanding of the industry and maximize the benefits of our financing options. It's an opportunity to ask questions and receive expert guidance. +Book your call with a Wisetack Expert

Commonly Asked Questions

Who is ineligible?

If your contacts are registered as a company in your PaintScout contacts, they will be deemed ineligible to apply for financing.

Which estimates qualify for financing?

Financing is available for estimates ranging from $500 to $25,000.

How much does it cost me?

Once approved, you will only be charged 3.9% per transaction. There are no set-up fees, flat fees per transaction, credit card processing fees in addition to Wisetack’s fees, or any other hidden charges.

Can my customer apply for financing after the estimate has been accepted?

Absolutely! Even after reviewing the approved quote, they can still opt for financing.

How do I get paid?

After the job is complete and your customer confirms work was completed, you are paid within 1-2 business days via ACH bank transfer from Wisetack.

Can I turn off the integration?

Once you are connected to Wisetack, financing will be made available to all customers and cannot be turned off for individual estimates. If you wish to disable the integration altogether, please contact the Wisetack Support Team.

Questions about financing? Reach out to our support team!

*All financing is subject to credit approval. Your terms may vary. Payment options through Wisetack are provided by our lending partners. For example, a $1,200 purchase could cost $104.89 a month for 12 months, based on an 8.9% APR, or $400 a month for 3 months, based on a 0% APR. Offers range from 0-35.9% APR based on creditworthiness. No other financing charges or participation fees. See additional terms at http://wisetack.com/faqs.