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#1
08-07-2013, 05:02 PM
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Fragbox Financing
We are in the early stages of setting up the first available coral financing service : )
It will be available to anyone across Canada on our entire online store on minimum orders of $100 available on Halo by Lightbox can finance the shipping can finance for up to 6 months and make monthly payments it will be interest free small down payment required more details to come in the near future 
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#3
08-07-2013, 05:45 PM
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Hmmm. if you need to finance a coral, then maybe you shouldn't have the tank.
Very weird, but I guess some will take advantage of this.
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 Setup: 180G DT, 105G Refuge (approx. 300lbs LR, 150lbs Aragonite) Hardware: Super Reef Octopus SSS-3000, Tunze ATO, Mag 18 return, 2x MP40W, 2X Koralia 4's Wavemaker Lighting: 5ft Hamilton Belize Sun (2x250W MH, 2X80W T5HO) Type of Aquarium: mixed reef (SPS & LPS) with fish Dosing: Mg, Ca, Alk |
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#5
08-07-2013, 05:51 PM
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@hydrologist
"I don't think this thread is serious...." It absolutely is....
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#7
08-07-2013, 05:51 PM
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within 30 minutes of posting someone has already emailed us with an order and requesting more details on financing thats why : )
some people would prefer to pay it off month by month also its interest free and we try to be innovative and offer things our competitors dont
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#8
08-07-2013, 06:18 PM
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Obviously, you will be aligning with a collection agency as non payment on smaller orders plagued every online financing site. I can see financing on larger orders of hardware etc. but on a small order, it's more work for you book-wise, and should someone actually default on payment, it could take sometime before you see any money, meaning you will have to cover the costs while you wait. It then starts spiraling from there, one more, then one more.... It saddening to realize that some ppl will try to burn you, and some accts you may never recover. You just gave coral away.
I would say to do some deep research about interest free loans and think of every possible bad scenario resulting from non payment. It's been thought of before, with little to limited success...IMO. Your intentions sound great, but the intentions of thieves should be considered. Non the less, frag box has been my coral source of choice, and the drive to exceed customer service only solidifies my return business!!! |
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#10
08-07-2013, 06:32 PM
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We really appreciate the kind words JmeJreefer and appreciate your business !
We decided to offer financing from a customer service stand point and to offer a convenient/ different way to pay for frags and perhaps attract new customers. We know we are not the cheapest store out there ; ) We realize that not everyone is honest. With any kind of loan there is the risk of loss but it can have its advantages. We hope to experience an increase in sales, monthly inflow of $ and we hope to move a larger amount of frags rather than sit on them If it doesn't work and we end up losing more than we are making then it will shutdown but we wont know without trying! No risk no reward. We are always thinking of new ways to improve our service and offer things competition wouldn't dare try. We appreciate all the feedback and insight please feel free to message us any ideas to help out or improvements
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Last edited by fragbox.ca; 08-07-2013 at 06:41 PM. |
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