Introduction
Retailers face a lot of issues while selling mobile phones in installments. They have to suffer a huge loss due to these issues. However, AG Digital Agency has launched PATRON EMI LOCKER, a tool that can completely block EMIs on mobile phones within seconds. This app offers various solutions like completely locking the phone, allowing only incoming calls/SMS, and making the phone as good as a dummy. In addition, the retailer’s mobile number is available for other customers to contact. In this article, we will discuss in detail the problems faced by retailers while selling mobile phones in installments and how PATRON EMI LOCKER can help solve these problems.
The Problems Faced by Retailers while Selling Mobile Phones in Installments
Selling mobile phones in installments is a common practice these days. It allows customers to purchase expensive mobile phones without having to pay the full price upfront. However, retailers face a lot of issues while selling mobile phones in installments. Some of the major problems faced by retailers are:
- Non-payment of EMIs: One of the biggest problems faced by retailers is non-payment of EMIs by the customers. Customers often default on their payments, and retailers have to bear the brunt of it. Retailers have to pay the full price of the mobile phone to the distributor, and they are left with no choice but to absorb the loss.
- Frequent changes in the SIM card: Another problem faced by retailers is frequent changes in the SIM card. Customers often change their SIM card to avoid paying EMIs, and retailers are left with a phone that is no longer usable.
- Lack of security: Retailers also face security issues while selling mobile phones in installments. The customer can take the phone and disappear without paying the full amount, leaving the retailer with no option but to bear the loss.
- Low-profit margins: Retailers make very low-profit margins while selling mobile phones in installments. The distributor charges a higher price for the phone, and the retailer has to sell it at a lower price to attract customers. This results in low-profit margins for the retailer.
How PATRON EMI LOCKER can help
PATRON EMI LOCKER is a tool that can completely block EMIs on mobile phones within seconds. This app offers various solutions to the problems faced by retailers while selling mobile phones in installments. Some of the solutions offered by this app are:
PATRON EMI LOCKER completely locks the phone
PATRON EMI LOCKER can completely lock the phone, making it unusable for the customer. This will prevent customers from defaulting on their payments, and retailers will not have to bear the loss.
The user will be able to receive only incoming calls/SMS
The app allows only incoming calls and SMS, which means customers cannot make outgoing calls or send SMS. This ensures that the phone remains in the possession of the retailer until the payment is made in full.
It completely locks the phone, so changing in sim card doesn’t matter
The app completely locks the phone, so changing the SIM card will not help customers avoid paying EMIs. This ensures that retailers do not have to deal with the problem of frequent changes in the SIM card
What Are the Issues Retailers Face When Selling Mobile Phones in Installments?
Retailers face a lot of issues when selling mobile phones in installments. These issues are often related to the risk of default and fraud, as well as the high cost of financing these purchases. Here are some of the most common issues that retailers face:
- Risk of default: When retailers sell mobile phones in installments, they take on the risk of default if the customer stops making payments. This can be especially problematic if the phone is expensive, as retailers may be left with a large unpaid balance.
- Fraud: Retailers may also face the risk of fraud when selling mobile phones in installments. This can occur when customers use fake identification or financial information to obtain financing for a phone they have no intention of paying for.
- High financing costs: Financing purchases can be expensive, and retailers may have to pay a high interest rate to finance mobile phone purchases. This can eat into their profits and make it difficult to sell phones at a competitive price.
How Can PATRON EMI LOCKER Help?
PATRON EMI LOCKER is an app that can help retailers overcome some of the issues they face when selling mobile phones in installments. Here are some of the solutions that PATRON EMI LOCKER offers:
- Completely lock the phone: PATRON EMI LOCKER can completely lock the phone, making it unusable until the customer makes their payments. This can help prevent default and reduce the risk of fraud.
- Receive only incoming calls and SMS: While the phone is locked, the user will still be able to receive incoming calls and SMS messages. This can be useful if the customer needs to be reminded to make their payments.
- Ignore SIM card changes: PATRON EMI LOCKER ignores SIM card changes, so the phone will remain locked even if the customer tries to switch out the SIM card.
- Make the phone a dummy: When the phone is locked, it will be as good as a dummy phone. This means that it will not be able to make calls or access the internet, which can help prevent unauthorized use.
- Provide retailer contact information: The mobile number of the retailer will be available in case other customers need to contact them. This can help retailers attract new customers and build their business.
FAQs About PATRON EMI LOCKER
Here are some frequently asked questions about PATRON EMI LOCKER:
Q: Is PATRON EMI LOCKER easy to use?
A: Yes, PATRON EMI LOCKER is very easy to use. Retailers simply need to install the app on the phone and set up a payment plan for the customer. Once the payment plan is set up, the app will take care of the rest.
Q: What happens if the customer misses a payment?
A: If the customer misses a payment, the phone will remain locked until the payment is made. The customer will still be able to receive incoming calls and SMS messages, but they will not be able to use the phone until the payment is made.
Q: Can PATRON EMI LOCKER prevent fraud?
A: While PATRON EMI LOCKER cannot prevent all types of fraud, it can help reduce the risk of fraud by making it more difficult for customers to obtain financing for phones they have no intention of paying for.
Q: Can the user unlock the phone at any time?
A: No, the phone can only be unlocked by the retailer with a unique code.
Q: Does PATRON EMI LOCKER work on all mobile phones?
A: Yes, PATRON EMI LOCKER is compatible with all types of mobile phones.
Q: What happens if the user defaults on their installment payments?
A: If the user defaults on their payments, the retailer can unlock the phone and repossess it.
Q: Is PATRON EMI LOCKER easy to install?
A: Yes, PATRON EMI LOCKER is easy to install and use. Retailers can install the app on the phone before selling it to the customer and activate it with
Conclusion
Retailers face a lot of issues when selling mobile phones in installments. However, with the help of PATRON EMI LOCKER, they can overcome many of these issues and sell phones with greater confidence. By completely locking the phone, ignoring SIM card changes, and making the phone a dummy, retailers can reduce the risk of default and fraud, while also providing a way for customers to contact them if needed