Tekmetric, a leading provider of automotive repair shop management solutions, and Affirm, the payment network revolutionising consumer and merchant empowerment, have announced an expansion of their partnership.
This collaboration aims to enhance the payment options available to auto repair shops across the United States.
The essence of this partnership is to integrate Affirm’s flexible payment solutions into Tekmetric’s platform, which is powered by Stripe Connect. This integration enables thousands of auto repair shops using Tekmetric’s services to offer their customers the option to pay for services over time, both online and in person.
Tekmetric specialises in equipping auto repair businesses with comprehensive management tools, facilitating efficiency and profitability through innovative technology. Affirm, on the other hand, is committed to transforming the payment landscape by providing transparent, flexible payment options that encourage responsible spending without hidden fees.
The partnership allows auto repair shops to easily add Affirm as a payment option. Customers choosing Affirm at checkout can opt for monthly or biweekly payment plans at rates as low as 0% APR. Importantly, they are presented with the total cost upfront, ensuring transparency as Affirm guarantees no late or hidden fees.
In addition to enhancing customer satisfaction with flexible payment plans, this partnership drives higher repair order values and customer loyalty for Tekmetric’s partner shops.
Sunil Patel, founder and CEO of Tekmetric, said, “Our partnership with Affirm allows our partner shops to improve customer satisfaction by offering flexible payment plans, and to drive higher repair order values and loyalty through versatile payment choices.
“Together, we are pioneering a new era in the auto repair industry, delivering innovative solutions that can drive efficiency, increase profitability, and provide extraordinary customer experiences.”
Pat Suh, SVP of Revenue at Affirm, also noted the growing consumer demand for payment flexibility, “Consumers increasingly expect payment flexibility at checkout, with a recent Affirm survey revealing that more than half of respondents have used or would use ‘buy now, pay later’ options.
“By partnering with Tekmetric, we can help the auto repair shops leveraging their platform meet this consumer demand and accelerate revenue growth.”
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