Tekmetric Partners with Affirm to Bring Flexible Payment Options to Auto Repair Shops
Affirm (NASDAQ: AFRM) has expanded its partnership with Tekmetric, a leading automotive repair shop management solution. This collaboration enables thousands of auto repair shops using Tekmetric's platform to offer Affirm's flexible payment options to their customers. Approved customers can split their auto repair costs into monthly or biweekly payments, with APR as low as 0% and no hidden or late fees.
The integration, powered by Stripe Connect, allows auto repair shops to easily add Affirm as a payment option. This partnership aims to improve customer satisfaction, drive higher repair order values, and increase customer loyalty. Affirm's network now includes 292,000 retail partners, and offering their service at checkout can help businesses boost sales, increase average order value, and attract new customers.
Affirm (NASDAQ: AFRM) ha ampliato la sua partnership con Tekmetric, una soluzione di gestione per officine di riparazione automobilistica leader nel settore. Questa collaborazione consente a migliaia di officine di riparazione auto che utilizzano la piattaforma di Tekmetric di offrire opzioni di pagamento flessibili di Affirm ai propri clienti. I clienti approvati possono suddividere i costi delle riparazioni auto in pagamenti mensili o bisettimanali, con un TAEG a partire dallo 0% e senza spese nascoste o penali per ritardo.
L'integrazione, alimentata da Stripe Connect, consente alle officine di riparazione auto di aggiungere facilmente Affirm come opzione di pagamento. Questa partnership mira a migliorare la soddisfazione dei clienti, aumentare il valore degli ordini di riparazione e incrementare la fedeltà dei clienti. La rete di Affirm include ora 292.000 partner al dettaglio e offrire i loro servizi al momento del pagamento può aiutare le aziende ad aumentare le vendite, il valore medio degli ordini e attrarre nuovi clienti.
Affirm (NASDAQ: AFRM) ha ampliado su colaboración con Tekmetric, una solución de gestión de talleres de reparación de automóviles líder en el sector. Esta colaboración permite a miles de talleres de reparación de automóviles que utilizan la plataforma de Tekmetric ofrecer opciones de pago flexibles de Affirm a sus clientes. Los clientes aprobados pueden dividir sus costos de reparación de automóviles en pagos mensuales o quincenales, con un TAEG tan bajo como el 0% y sin cargos ocultos ni penalizaciones por demora.
La integración, potenciada por Stripe Connect, permite a los talleres de reparación de automóviles agregar fácilmente Affirm como opción de pago. Esta asociación tiene como objetivo mejorar la satisfacción del cliente, aumentar el valor de las órdenes de reparación y fomentar la lealtad del cliente. La red de Affirm ahora incluye 292,000 socios minoristas, y ofrecer su servicio al finalizar la compra puede ayudar a las empresas a aumentar ventas, incrementar el valor promedio de los pedidos y atraer nuevos clientes.
Affirm (NASDAQ: AFRM)은 선도적인 자동차 수리점 관리 솔루션인 Tekmetric와의 파트너십을 확대했습니다. 이 협업을 통해 Tekmetric 플랫폼을 사용하는 수천 개의 자동차 수리점이 고객에게 Affirm의 유연한 결제 옵션을 제공할 수 있게 되었습니다. 승인된 고객은 자동차 수리 비용을 월간 또는 격주로 나누어 결제할 수 있으며, 최저 0%의 연이율로 숨겨진 수수료나 연체료가 없습니다.
Stripe Connect로 지원되는 이 통합은 자동차 수리점이 Affirm을 결제 옵션으로 쉽게 추가할 수 있도록 합니다. 이 파트너십은 고객 만족도를 향상하고 수리 주문의 가치를 높이며 고객 충성도를 증가시키는 것을 목표로 하고 있습니다. Affirm의 네트워크는 현재 292,000개의 소매 파트너를 포함하고 있으며, 결제 시 이들의 서비스를 제공하는 것은 기업이 매출을 증가시키고, 평균 주문 가치를 올리며, 신규 고객을 유치하는 데 도움이 될 수 있습니다.
Affirm (NASDAQ: AFRM) a élargi son partenariat avec Tekmetric, une solution de gestion de garage automobile de premier plan. Cette collaboration permet à des milliers de garages de réparation automobile utilisant la plateforme de Tekmetric d'offrir les options de paiement flexibles d'Affirm à leurs clients. Les clients approuvés peuvent diviser leurs coûts de réparation automobile en paiements mensuels ou bimensuels, avec un TAEG aussi bas que 0% et sans frais cachés ni pénalités de retard.
L'intégration, alimentée par Stripe Connect, permet aux garages de réparation automobile d'ajouter facilement Affirm comme option de paiement. Ce partenariat vise à améliorer la satisfaction client, à augmenter la valeur des commandes de réparation et à renforcer la fidélité des clients. Le réseau d’Affirm comprend désormais 292 000 partenaires de détail, et proposer leur service lors du paiement peut aider les entreprises à augmenter les ventes, à accroître la valeur moyenne des commandes et à attirer de nouveaux clients.
Affirm (NASDAQ: AFRM) hat seine Partnerschaft mit Tekmetric, einer führenden Lösung für das Management von Autoreparaturwerkstätten, erweitert. Diese Zusammenarbeit ermöglicht es Tausenden von Autoreparaturwerkstätten, die die Tekmetric-Plattform nutzen, Affirms flexible Zahlungsoptionen ihren Kunden anzubieten. Genehmigte Kunden können ihre Autoreparaturkosten in monatliche oder zweiwöchentliche Zahlungen aufteilen, mit einem effektiven Jahreszins von nur 0% und ohne versteckte Gebühren oder Verzugszinsen.
Die Integration, die von Stripe Connect unterstützt wird, ermöglicht es Autoreparaturwerkstätten, Affirm einfach als Zahlungsoption hinzuzufügen. Diese Partnerschaft zielt darauf ab, die Kundenzufriedenheit zu verbessern, den Wert von Reparaturaufträgen zu steigern und die Kundenbindung zu erhöhen. Das Netzwerk von Affirm umfasst jetzt 292.000 Einzelhandelspartner, und die Bereitstellung ihrer Dienste an der Kasse kann Unternehmen helfen, den Umsatz zu steigern, den durchschnittlichen Bestellwert zu erhöhen und neue Kunden zu gewinnen.
- Partnership expands Affirm's presence in the auto repair industry
- Integration with Tekmetric platform allows easy adoption by thousands of auto repair shops
- Potential to increase sales and average order value for participating auto repair shops
- Affirm's network grows to 292,000 retail partners
- None.
Insights
Affirm's partnership with Tekmetric represents a strategic move to penetrate the auto repair market, potentially expanding Affirm's merchant base and transaction volume. This aligns with Affirm's growth strategy, as evidenced by their network of 292,000 retail partners. The partnership could drive revenue growth for Affirm, especially if it leads to higher repair order values and increased customer loyalty for auto shops. However, the impact on Affirm's financials may be in the short term, given the gradual adoption process typical in B2B partnerships. Investors should monitor key metrics like Gross Merchandise Volume (GMV) and active consumers in future earnings reports to gauge the partnership's success.
This partnership taps into a growing consumer trend towards flexible payment options. With over 50% of surveyed consumers expressing interest in or experience with 'buy now, pay later' services, Affirm is positioning itself to capture market share in the auto repair sector. This move could be particularly impactful given the often unexpected and costly nature of auto repairs. The 0% APR option could be especially attractive to consumers facing large repair bills. However, the success of this venture will depend on factors such as consumer adoption rates, average transaction sizes and the ability of auto repair shops to effectively market these payment options. Investors should watch for changes in Affirm's user demographics and sector-specific transaction data in future reports.
The integration of Affirm into Tekmetric's platform, powered by Stripe Connect, showcases a seamless technological solution for auto repair shops. This low-friction implementation - described as requiring "just a few simple clicks" - is important for adoption in the traditionally tech-conservative auto repair industry. The ease of integration could lead to rapid uptake among Tekmetric's partner shops, potentially creating a competitive advantage. However, the success of this tech integration will depend on factors such as system reliability, user experience and the ability to handle varying transaction complexities typical in auto repairs. Investors should monitor adoption rates among Tekmetric's partner shops and any reported issues with the integration to assess its long-term viability and impact on Affirm's growth in this sector.
Tekmetric’s partner shops can now seamlessly offer Affirm’s pay-over-time options, with no hidden or late fees
These auto repair shops can add Affirm as a payment option with just a few simple clicks. By selecting Affirm at checkout, approved customers can split the total cost of their purchase into monthly or biweekly payments, for as low as
“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,” said Sunil Patel, Founder and CEO of Tekmetric. “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.”
“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,” said Pat Suh, SVP of Revenue at Affirm. “By partnering with Tekmetric, we can help the auto repair shops leveraging their platform meet this consumer demand and accelerate revenue growth.”
Tekmetric joins Affirm’s network of 292,000 retail partners, including Amazon, Casper, Newegg, SeatGeek, Royal Caribbean, Priceline, American Airlines and more. Offering Affirm at checkout can help drive overall sales, increase average order value, and reach new customers.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
About Tekmetric
Tekmetric, a leading auto repair technology company, improves auto repair shops through the relentless pursuit of innovation. Tekmetric’s cloud-based shop management solution, including a shop management system, integrated payments, technology integrations, and real-time data, empowers auto repair shops nationwide. With Tekmetric, shop owners can create transparency, enhance productivity, increase profitability, and deliver a superior customer experience for vehicle owners. For more information, visit www.tekmetric.com
Payment options through Affirm are subject to eligibility, and are provided by these lending partners: affirm.com/lenders. CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Law license 60DBO-111681.
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Press
Tekmetric
Jimena Ramirez
jramirez@sunwestpr.com
972-955-5014
Affirm
Alex Rafter
press@affirm.com
(650)398-2715
Source: Affirm
FAQ
What are the terms of Affirm's payment options for auto repairs through Tekmetric?
How can auto repair shops using Tekmetric add Affirm as a payment option?
What benefits does the Affirm-Tekmetric partnership offer to auto repair shops?
How many retail partners does Affirm (AFRM) have in its network after this partnership?
