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Bolt and Affirm Collaborate to Transform Payment Solutions

In an innovative move set to redefine online shopping experiences, Bolt, a leading provider in checkout solutions and identity management, has announced a strategic partnership with Affirm, the recognized payment network that focuses on providing consumers with helpful financial options. Under this agreement, Affirm will be integrated as the default Buy Now, Pay Later (BNPL) provider across Bolt's one-click checkout network in the U.S.

The collaboration aims at enabling Bolt's vast network of merchants to offer flexible payment options to eligible shoppers, effectively making it easier for customers to make purchases while allowing them to choose payment plans that best suit their financial situations. As Ryan Breslow, Founder and CEO of Bolt, states, "Checkout is where intent turns into revenue, and flexibility matters in that moment." This integration signifies a significant leap towards enhancing user experience by minimizing complications during the checkout process.

A Seamless Integration for Boosting Sales

Starting this month, the partnership will begin rolling out to a selection of merchants, with expectations for broader availability in the near future. The integration of Affirm's payment options will be displayed alongside traditional card payments, simplifying the process for both logged-in users and guest shoppers. This initiative allows merchants to adopt the BNPL service without the need for additional complex integrations, thus streamlining their operational workflow.

Shoppers using Bolt's checkout will now have the ability to split their purchases into manageable biweekly or monthly payments, with appeals for installment plans that can include options at 0% APR, dependent on eligibility. This approach aims to alleviate financial pressures on consumers while ensuring a steady revenue stream for merchants.

Benefits for Merchants and Shoppers Alike

Steve McPhee, Senior Director of Strategic Partnerships at Affirm, noted the alignment of their mission with Bolt's: to empower consumers and merchants through transparent and straightforward payment solutions. This partnership is poised to be a rewarding addition to Bolt's service offering, enhancing consumer confidence in completing purchases while simultaneously driving sales increases for merchants.

For businesses, integrating Affirm's payment options is expected to result in higher conversion rates and improved checkout completion. Additional effects may include boosts in overall sales, increased average order values, and the capacity to attract new customers who may have been hesitant due to financial constraints. Notably, Affirm does not impose late or hidden fees, a significant advantage over many traditional credit options.

The streamlined checkout experience with Affirm is part of Bolt's larger strategy to create an all-encompassing ecosystem where merchants can maximize their capabilities. With an array of products, including CheckoutOS, Bolt Ignite, and its recently introduced SuperApp for finance and cryptocurrency, Bolt is focused on delivering a frictionless, secure journey for online shoppers and growth for businesses of all sizes.

Conclusion

As both companies aim to create a fast, trusted, and beneficial shopping environment, it’s clear that this partnership will not only simplify the payment experience for consumers but will also provide merchants with powerful tools to enhance their business growth and customer satisfaction. To learn more about this updated payment solution and how it can benefit various merchants, visit Bolt.com.