About this plugin
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.