What term is used for retailers that possess an internal or third-party financial provision to aid customer purchases?

The term that accurately describes retailers possessing an internal or third-party financial provision to aid customer purchases is point of sale financing. This financing method allows customers to borrow funds at the point of sale, often through a partnership between the retailer and a financial institution that provides loans or credit options at the time of the transaction.

Point of sale financing is advantageous because it simplifies the payment process for consumers, enabling them to make purchases they might otherwise defer due to budget constraints. This financing can come in various forms, such as loans or buy now, pay later options, which can increase the likelihood of conversion and potentially boost sales for the retailer.

While consumer credit generally refers to the borrowing capacity available to consumers for purchases, it does not specify that it is directly tied to a retail setting or point of sale transactions. Installment financing focuses specifically on structured payment plans over time rather than immediate point of sale solutions. Retail credit usually implies a store-specific credit card or line of credit, which is more limited in functionality compared to the broader applications of point of sale financing. Therefore, point of sale financing encompasses the most comprehensive and direct support for aiding customer purchases at the time of sale.