Stripe
September 25, 2024
Stripe Unicorn News - September 25, 2024
Stripe has teamed up with Sunbit to enhance Buy Now, Pay Later options for in-person transactions, focusing on sectors like auto repairs and dental services. This partnership aims to integrate Sunbit's payment solutions into Stripe's merchant network, offering more flexible payment options.
() Introduction
() Stripe and Sunbit Collaborate to Enhance In-Person BNPL Services
Stripe has announced a new partnership with Sunbit to enhance buy now, pay later (BNPL) services for in-person transactions, particularly in sectors such as auto repairs and dental work. This collaboration, revealed on September 24, will integrate Sunbit's payment solutions into Stripe's extensive merchant network. The integration aims to provide businesses with more flexible payment options directly from the Stripe Dashboard, addressing high decline rates that occur when customers hesitate to accept recommended services due to cost concerns. This initiative is expected to benefit both merchants and customers by offering more manageable payment solutions.
Sources
1 https://www.pymnts.com/bnpl/2024/stripe-and-sunbit-team-to-expand-in-person-bnpl-offerings/
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