Financing
Is there any other financing option available in ScanPay besides Sunbit?
Yes, ScanPay also offers financing through Klarna, providing additional flexibility for your customers.
What are the approval rates and limits for financing?
Sunbit offers instant financing decisions with a 90% approval rate for amounts up to $10,000, providing your customers with more flexibility while boosting your sales.
What happens if a customer misses a payment?
Sunbit handles all repayment processes directly with your customer, meaning you are not liable for missed payments or chargebacks. Once the payment is approved, you receive confirmation and payment upfront.
Do I need to sign up separately for Sunbit to offer financing?
No! Sunbit is built into the ScanPay app, so there's no need for additional signups, integrations, or extra steps. It's ready to use as soon as you create an invoice.
What is Sunbit, and how does it work with ScanPay?
Sunbit is a consumer financing solution integrated into the ScanPay app, allowing your customers to break down big-ticket expenses into manageable monthly payments. Simply create an invoice in ScanPay, select Sunbit as the payment option, and your customer can apply for financing directly through the shared link.
