Tekmetric and Affirm Revolutionize Auto Repairs with Flexible Payment Solutions
Tekmetric, a prominent provider of automotive repair shop management solutions, has expanded its partnership with Affirm, a leading payment network known for empowering consumers and merchants with innovative payment options, as outlined in Fintech Global News. This collaboration aims to provide more flexible payment solutions for auto repair shops across the United States.
By integrating Affirm’s payment solutions into Tekmetric’s platform, powered by Stripe Connect, thousands of auto repair shops can now offer their customers the option to pay for services over time. This feature is available both online and in person, enhancing convenience for customers and potentially boosting business for repair shops.
Tekmetric provides auto repair businesses with advanced management tools to enhance efficiency and profitability. Affirm focuses on transforming the payment landscape by offering transparent and flexible payment plans with no hidden fees. Customers can choose monthly or biweekly payment plans, with rates as low as 0% APR, ensuring transparency as the total cost is displayed upfront.
Sunil Patel, founder and CEO of Tekmetric, stated, “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.»
Pat Suh, SVP of Revenue at Affirm, highlighted the increasing consumer demand for flexible payment options: “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.”
This partnership not only enhances customer satisfaction with flexible payment plans but also drives higher repair order values and customer loyalty for Tekmetric’s partner shops.