Puurk is a service and software platform designed to help businesses, especially med spas, offer their own installment payment plans to customers. Unlike traditional financing options provided by third-party lenders like Care Credit or Cherry Financing, Puurk allows business owners to become their own lender. This means that:

1. Businesses receive payments over time: Instead of requiring customers to pay the full amount upfront, Puurk enables them to spread out payments into manageable monthly installments.

2. Businesses keep the interest as premium: Since there is no third-party lender involved, businesses can charge a small premium for offering installment plans and keep the additional revenue themselves.

3. No loans, just installment management: Puurk does not provide loans or act as a lender. It provides the technology and process to help businesses manage installment payments efficiently, including automated collections.

4. Customer flexibility: By offering payment flexibility, businesses can attract more customers, including those who prefer spreading out payments or would otherwise delay treatment or services.

The goal is to help businesses increase sales, customer satisfaction, and long-term loyalty by making high-ticket services more accessible without relying on external lenders.

You should use Puurk because it offers several key advantages that can help you grow your med spa or service business while increasing customer satisfaction and revenue:

1. Attract More Clients

• Many potential customers hesitate to book high-ticket services due to the large upfront cost. By offering installment options, you open your services to a broader audience who prefer manageable monthly payments.

2. Increase Sales

• With Puurk, you can capture more business by providing a convenient way for clients to say “yes” to treatments they might otherwise postpone or skip altogether.

3. Keep All the Profits

• Unlike third-party financing companies (like Care Credit or Cherry Financing), Puurk lets you retain all of the interest or premium on installment plans, meaning you earn more from each transaction.

4. Stay in Control

• Since Puurk doesn’t act as a lender, you’re in complete control of the payment terms, interest rates, and approval process. You can tailor installment plans to fit your business model and customer needs.

5. Simplified Setup

• Puurk provides easy-to-use software that handles everything from payment tracking to automated collections, so you don’t have to worry about complex administrative tasks.

6. No Credit Risk to Customers

• Customers avoid dealing with traditional credit checks or third-party lenders, which can be intimidating or result in declined applications. Instead, you offer a simple, direct payment option that feels more personal and flexible.

7. Competitive Advantage

• Many med spas and service providers don’t offer installment plans, or they rely on third-party lenders who take a cut of the revenue. By using Puurk, you differentiate yourself as a business that provides flexible payment solutions while keeping 100% of the profit.

Example Impact

Imagine a client wants a $3,000 treatment but can’t afford it upfront. With Puurk, you could offer a 6-month installment plan with a small premium. The client can immediately book the service, and your business earns an extra margin from the premium without waiting for third-party payouts.

Why Puurk Works Better Than Financing Companies

• Financing companies often reject a significant portion of applicants and charge high fees to businesses. With Puurk, you set the rules, approve more clients, and generate consistent revenue without sharing your profit.

In short, Puurk helps you increase revenue, improve client satisfaction, and build long-term loyalty—all while keeping you in control of your business’s cash flow.

1. Offer a Pay-in-Full Price & an Installment Option

During a consultation, you show the customer two options:

• Pay-in-full price (a discounted price if they pay upfront).

• Installment option (a slightly higher price with flexible monthly payments).

This lets the client choose what works best for them.

2. Set Up the Installment Plan

If the client chooses the installment option:

• You decide on the down payment (if any), the number of months for repayment, and a small premium added to cover the cost of financing.

• Puurk’s software automatically calculates the monthly payment amount, including the premium.

3. Automate Payment Collection

Puurk’s platform handles the entire payment process:

• It automatically charges the client each month using their preferred payment method (credit/debit card, ACH).

• If a payment is missed, Puurk sends friendly reminders to the client and continues automated retries.

4. Keep the Revenue Flowing

Each month, as the client makes payments, you receive the money directly. Unlike third-party lenders:

• No waiting for payouts.

• No revenue sharing—you keep everything, including any premium from the installment plan.

5. Use the Built-In Reporting & Analytics

Puurk provides:

• Real-time tracking of payments.

• Performance reports to see how many clients are opting for installment plans.

• Automated notifications to help you manage the process with minimal effort.

Why It’s Easy for Your Staff

• Training staff to offer Puurk is simple. They only need to present the two options during consultations.

• Puurk’s software does the hard part—calculating payments, collecting installments, and managing any follow-ups—so your team can focus on delivering great service.

Key Features of Puurk

• No lender involvement: You’re not giving loans; you’re offering your own flexible payment plan.

• Automated collections: No manual chasing of payments.

• Customizable plans: Tailor the down payment, number of installments, and premium to fit your business and client base.

• Seamless client experience: Clients appreciate the convenience of spreading out costs without dealing with traditional lenders.

In essence, Puurk works like an in-house financing tool, empowering you to offer payment flexibility while staying in control of your cash flow.