Punchmark has completely reimagined the checkout flow, from the Cart page through to the Thank You page. The new checkout system has a modern feel and greatly improves everything from entering payment data to In-Store Pickup.
Many of our stores who switched immediately saw customers using more convenient payment types like Apple Pay, Link, Klarna, and Affirm.
Stripe will replace your current payment gateway (usually authorize.net, Braintree, or Paypal), and will act as your payment processor for web sales.
Switching to Stripe will require onboarding from your SiteManager Payment Settings page.
+.5% for tax calculation
6% for Klarna/Affirm (same as before Stripe)
Many of our stores who switched immediately saw customers using more convenient payment types like Apple Pay, Link, Klarna, and Affirm.
What's Changing
Punchmark's Checkout V2 streamlines the checkout flow from 3 pages to 1, and reduces the entire checkout experience to just a few clicks. Checkout V2 is built on top of Stripe, the same checkout system behind the scenes of the world's most powerful ecommerce platforms.Stripe will replace your current payment gateway (usually authorize.net, Braintree, or Paypal), and will act as your payment processor for web sales.
Switching to Stripe will require onboarding from your SiteManager Payment Settings page.
Rates
In exchange for providing an extremely convenient payment platform, Stripe may have slightly higher rates than what you're paying your current processor and gateway. However, with Punchmark, there is no monthly fee for Stripe like there is with Authorize.net, so most clients will still save money overall. Our goal with Stripe is driving you more sales and easier one-time customer payments, because of the streamlined nature of your new checkout. Our hope is that this will more than make up for the difference in percentage.The Numbers
2.9% + $.30+.5% for tax calculation
6% for Klarna/Affirm (same as before Stripe)
Future Rates
Stripe saw value in our platform, and has worked closely with us on the integration. Once we have a meaningful amount of retailers on Stripe, our plan is to negotiate these rates down.Available Payment Methods
- Credit Cards
- Apple Pay
- Android Pay
- Link
- ACH
- Amazon Pay
- Klarna
- Affirm
- Crypto
- International cards and payment methods
- Many others
Goals
- Increase conversion rate
- Reduce friction: 3 pages to 1
- Offer super convenient payment types
- Link: one-click checkout
- Easier collection of deposits, balances, and financing payments
- Long-term, negotiate rates down
- More reliable tax calculation
- Greatly increased security - PCI-DSS
- Turning off authorize.net later this year
Features
- Greatly improved store pickup flow
- New slide out cart highly optimized for conversion
- Better flow for choosing shipping methods, entering coupons, etc
- Access to Stripe directly from SiteManager Orders and Payments pages
What You Need To Do
- Log in to SiteManager
- Navigate to Settings -> Payment Settings
- Begin the Stripe onboarding process