Sunbit has announced general availability on Stripe, enabling U.S. businesses to offer its consumer financing solutions directly within Stripe-powered payment workflows. Sunbit’s product is meant for face-to-face, personal transactions and it targets industries like car repair, health care, home services and animal care. The offer is a finance tool to grow sales and at the same time, help customers to have better access to the services. Whereas classic buy now, pay later solutions are mostly confined to the world of online shopping, Sunbit goes a step further to make financing available with approve rates of over 90%, no hard credit inquiries, no fees at all and payment plans where payments can be as low as $60 and as high as $20,000. Businesses receive full payment upfront while Sunbit handles billing and collections, eliminating repayment risk.
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“Stripe powers the infrastructure behind countless in-person service businesses and vertical SaaS platforms,” said Oded Vakrat, vice president, Platform Partnerships, Sunbit. “Achieving general availability with Stripe enables us to deliver financing that aligns with the way these businesses operate. Together, we’re empowering service businesses to grow revenue, increase access for their customers and offer more payment options with confidence.” Early results show strong performance, including higher service acceptance and transaction values, with notable gains in the automotive sector through integrations like Shopmonkey.
