MyKaarma, a provider of service lane technology and payment solutions for automotive service centers announced an integration with Sunbit, which creates financial technology for everyday expenses. The partnership brings a buy-now-pay-later option enabling approved customers to finance service and parts department orders and providing dealerships with additional growth opportunities.
MyKaarma said Sunbit is already available in more than half of authorized dealerships and that the partnership brings the payment technology to more customers.
Flexible Financing
By embedding Sunbit's financial technology into myKaarma's Online payment gateway, customers can prequalify without a hard credit check, view their estimated monthly payments, and complete transactions through a payment link sent to their devices. Customers are informed about the flexible payment options from the start through an automated email. The offering is designed to alleviate the immediate financial burden on customers and help dealerships convert repair orders by removing upfront cost barriers.
Key Features and Benefits
ServiceCart Video MPI Integration: Integrates with myKaarma's ServiceCart, providing easy financing options
Customer-Friendly Financing: Approves 90% of applicants, with transparent rates and no hidden fees
Dealership Benefits: Sunbit handles payment and collection, and the dealership is paid immediately.
Split Payments - Customers have the flexibility to split payments between different methods, such as using a combination of credit/debit cards, cash, checks and also financing through Sunbit technology
"At myKaarma, we are committed to making the service experience better for all. The integration with Sunbit allows us to offer access to a valuable financing solution that helps customers manage their expenses more effectively, ensuring they receive the necessary vehicle repairs while minimizing financial stress," said myKaarma CEO Ujj Nath.
Michael Schwartz, vice president of dealer operations at Galpin Motors, said, "Sunbit's financial technology solution Buy Now, Pay Later financing option via myKaarma provides payment options for our guests while simplifying the process for our advisors. Our customers can now address their vehicle's needs without delay, knowing they have a convenient and manageable payment plan. This integration has truly enhanced the overall service experience at Galpin Motors."
The integration is now available to all retail automotive dealerships using the myKaarma and Sunbit platforms. The dealerships will now show Sunbit as one of the payment options within the customer checkout page.
