FuturePay offers point of sale financing for consumers without a credit card

FuturePay is the alternative to credit cards for the millennial generation. From rare collectibles to weekly groceries, everything is available online. The world of ecommerce has given consumers complete control over when and how they want to shop. Not simply online but in the palm of their hands. It only makes sense that as consumers…

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FuturePay is the alternative to credit cards for the millennial generation.

From rare collectibles to weekly groceries, everything is available online. The world of ecommerce has given consumers complete control over when and how they want to shop. Not simply online but in the palm of their hands. It only makes sense that as consumers take control of the way they shop, they also look for newer, easier and safer ways to pay for their online purchases. Enter FuturePay.

“We wanted to provide a payment method, an alternative payment method, that was safe, secure, and [that allows] people to finance at the point of purchase. That’s exactly what FuturePay is,” said Denise Purtzer, FuturePay Vice President of Business Development.

FuturePay is an alternative to using a credit card for online purchases. Using basic bits of information such as date of birth and the last four numbers of their social security number, a consumer can get a nearly instant response and make their purchase. At the end of every billing period (1 month), a consumer can pay off their balance in full, or make a minimum payment and carry the rest of the balance for only $5/month per $500.

“We want to be able to be an option at the point of sale no matter the device,” said Purtzer.

FuturePay announced on February 4th a new partnership with Shopify, a leading commerce platform, to allow Shopify’s more than 200,000 merchants the ability to add FuturePay to their payment options.

“Shopify is one of the most well-known and reputable commerce brands in the world; this is a fantastic partnership for us,” said Bobbi Leach, CEO of FuturePay, in a press release.FuturePay-checkout_screens

Focusing on millennials

FuturePay is competing with companies like PayPal in a space of financial technology that is growing and evolving every day. Their focus is to appeal to millennials, and those who do not have credit cards, or don’t want to use their cards online.

“Millennials are definitely a group that wants to be able to have flexibility and [wants to] be able to check out and make purchases without having a lot of security hoops to jump through,” Purtzer said. “With FuturePay they can do it very quickly and efficiently and be able to make purchases and not have to use credit cards, which they might not have access to or want to use.”

Part of the Lincoln startup community

Although FuturePay has offices in multiple locations, they are extremely happy to be a part of what’s happening in Lincoln and the Lincoln Startup Community, spending their first three years as a tenant in the FUSE Coworking space in the Haymarket. FuturePay is currently building out new space that they hope to move into soon.

“We’re really lucky to be in Lincoln. There are a lot of roots in the FinTech industry here in Lincoln and in Omaha. We are able to take advantage of having the University of Nebraska and the Raikes College right in our backyard which is fantastic because we can draw from a wonderful pool of talent and allow those students that are from the this area to stay in this area and not have to move to New York or San Francisco,” said Purtzer.

Jake Hull is the Lincoln Editor for Silicon Prairie News and a Community Builder for AIM in Lincoln, Nebraska.

This story is part of the AIM Archive

This story is part of the AIM Institute Archive on Silicon Prairie News. AIM gifted SPN to the Nebraska Journalism Trust in January 2023. Learn more about SPN’s origin »

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3 responses to “FuturePay offers point of sale financing for consumers without a credit card”

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