Snap Finance
Snap Finance empowers shoppers to get what they need now with flexible ownership options. The Snap Finance Checkout is ideal to capture customers at the tail end of their shopping journey when they are ready to check out. Your customers can easily apply, and if approved, directly check out on your website using Snap to pay. Reduce cart abandonment and increase your AOV by offering Snap to your customers. Flexible ownership options, including 100-Day and early buyout options.* Snap approves amounts from $150 up to $5,000.** An easy application process. Know in seconds of you’ve been approved! Account & Pricing To offer Snap Finance Checkout on your website, you will have to first fill out our inquiry form. You will go through a vetting process to get approved as a Snap Finance partner and have a merchant account created. The Snap Finance Checkout is free to download and install, but transaction fees on customer orders may apply and will vary from merchant to merchant based on merchant type and level of partnership. Features Snap Finance continues to drive merchant business. In 2019, Snap helped drive over $890M in sales for our merchants. Merchants who use Snap see an approval rate of up to 80%. Snap approves up to $5,000. Snap merchants rated their experience with an average NPS of 84. Snap offers a 100-Day Cash Payoff option that allows a shopper to pay off their lease in 100 days, paying a small processing fee in addition to their cost of goods. Snap takes on the full responsibility of servicing the customer’s lease and mitigating fraud. Security No PCI data will be transmitted between WooCommerce Merchants and Snap Finance. The Snap Finance Checkout extension will be added as a payment type on your checkout page, allowing authorization and capture to be processed through WooCommerce. When shoppers select Snap Finance as their financing source, they will be guided through a separate web experience hosted by Snap Finance using a popup modal, where they will go through an application process to get approved for a lease by Snap Finance to finance their purchase. Once lease application is approved and signed, shoppers will be taken back to the merchant checkout page to complete their purchase.
Snap Marketing
Snap Finance is a lease-to-own financing provider that empowers shoppers to get what they need now, pay later. Our Snap Marketing plugin can help drive conversions throughout a customer’s shopping journey. Show how much they could be approved for on your site and what their payments could look like using contextual top of funnel marketing placements. Reduce cart abandonment and increase average order value by giving your customers greater shopping power. Out-of-the-box merchandising assets to drive top of funnel conversions. Snap approves amounts from $150 up to $5,000. Multiple ownership options, including 100-Day and early buyout options. The Snap Marketing plugin enables preapproval functionality where your credit-challenged shoppers can get potentially approved during key moments of their shopping journey on your webstore; thereby, giving you greater ability to close more sales. There are multiple ways to drive e-commerce preapproval customers, with our “Get Approved” and “Get Approved – As low as” treatments. We encourage you to use both on key places on your site to drive visibility for customers who may need financing to transact on your store. Enable the “Get Approved” promotional treatment on any pages of your webstore. Let customers know they have a financing option, from the start, to turn browsers into actual customers. With the preapproval application flow, if approved, customers will know exactly how much they have been approved for, giving them the motivation to transact for a higher shopping cart value on your store. As research shows, when customers know they have an approval and the amount, not only are they likely to purchase but purchase more items or a higher price point item. Assets for Banners and logo Plugin uses Snapfinance server resources to load banners and logos used in treatment. Get Approved – As low as Offer contextual financing experience with “Get Approved – As low as” treatment and banners Enable the “Get Approved – As low as” promotional treatment and get enhanced benefits of the “Get Approved” but customized for your product pages. Place the treatment in your product pages to give customers a glimpse of what their payments may look like with Snap. Our research has shown that customers are more likely to apply and transact if they have an idea of how much their payments will look like with Snap.
