Punchmark Adds Affirm
We could not be more excited to announce that Punchmark websites are now able to integrate with Affirm, a leader in e-commerce financing! Affirm is the de facto leader in online financing or "alternative payments" which are so popular with shoppers in 2020. Punchmark's clients have already seen a sharp rise in ecommerce and repeat shoppers since we implemented our first financing option earlier this year.
When you add affirm to your website, you are allowing customers to finance their purchases over a payment schedule, which can help soften the blow for average customers to afford higher ticket items. According to their website, businesses that integrate with Affirm see an average 85% increase in Average Order Value, as well as a 20% increase in Repeat Purchase Rate.
Affirm is super easy to use... the customer only needs to accept an SMS message, enter a code, and choose a payment option!
Affirm offers each shopper multiple payment options -- starting with an interest free financing then offering longer term options. Affirm is great for larger purchases where the customer might want to split up the payments over time, but it also works well for the "sweet-spot" ecommerce purchases that range in the few 100-dollar range. Financing the payment helps the buyer justify those luxury gifts that would otherwise seem frivolous.
To take advantage of our program with affirm, please reach out to Bryan@punchmark.com, and he will make the introduction!