How much does it cost to have a credit operation in the store?

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In today's article, I want to talk to you about the cost of credit operations, focusing mainly on the Credit Granting part. But first, do you know how to do this calculation?

When working in retail, we know that there are a number of costs student database that need to be considered in order to fully understand the revenue at the end of the month. However, knowing how to check the credit limit and find the ideal installment plan for customers is indeed a challenging part of the job. Furthermore, I realize that understanding the cost of credit operations is one of the biggest challenges for business owners.

For this reason, today I want to invite you to study and understand how these calculations work. What do you think of this idea? Continue here and understand the topic completely.

Credit Granting and its Benefits
Firstly, Credit Granting is a type of procedure in which the release of credit to a person is analyzed. This release can happen through financing, a loan and is also used for credit. In order for a customer to obtain the desired credit, some factors are taken into account, such as the risk of default and the amount requested.

This is considered a fundamental part of the economy's development, as it increases the consumption capacity of a portion of the population that would otherwise have no other way of acquiring goods. However, it generates costs for the entrepreneur and these costs must be carefully assessed. And to do so, it is essential to understand the costs of granting credit in your store. To learn more about this, continue reading.

What is the cost of your credit transaction?
In fact, dealing with customer default is a major challenge for retailers. After all, this is an important issue that can make a difference in revenue at the end of the month. Therefore, calculating credit concession is essential and must take these costs into account:

NEW CUSTOMERS;
TRADITIONAL CUSTOMERS;
AVERAGE DEFAULT;
SPC COST OR MY CREDIT INVESTMENT;
CREDITOR SALARY.
What many people don't realize, however, is that when comparing the SPC COST and the INVESTMENT IN MY CREDIT CREDIT, it is possible to make huge savings at the end of the month.

To have all these values, it is important to organize and understand the expenses in each topic mentioned above. From this, it is possible to see the difference that Meu Crediário can make in helping to reduce default rates as much as possible.

To visualize this, let's use as an example a client with an average revenue of R$300,000.00 and an average ticket of R$220.00. Understand more about this in the table below: