Bolt – The Wave of the Future for Online Payments
Big business may not be on the radar screens of small-time ecommerce merchants, but there’s one that should grab your attention if growth and prosperity is a goal. Bolt, a simply-named checkout technology platform formed in 2014, just received a massive cash infusion of $50 million in venture funding.
What does that mean for you? Likely a more efficient, secure, and seamless way to process sales transactions. The recent spike in online sales attributed to the Covid-19 global pandemic has led to shifts in industry trends, and Bolt was solid enough to sway investors.
Bolt is offering a free trial, and if you’re so inclined, this is the time to get in. Their beefed-up resources mean even more attention to serving you as a customer, so you can serve your customers.
The San Francisco-based firm brags of an impressive annual growth rate for ecommerce merchants using its service. Uptime is also admirable, ensuring reliable access. Its checkout speed is estimated to be nearly 50 percent quicker than what competitors offer. And the best news of all? The costs are low. Very low.
True to trending consumer behavior, the company is focusing on mobile transactions, which account for a skyrocketing proportion of online sales these days. Its improved platform reduces the number of fields customers need to complete their purchases, which is a huge selling point that pares down cart abandonments. More important, it helps avoid drop-offs by offering post-checkout registration, instead of forcing buyers in mid-sale to commit to creating an account.
As Bolt is a cloud-based platform, it offers a combined service bundle of checkout, payments, and integrated fraud protection--guaranteed by the company to be zero— in a single product. All major payment providers are compatible. The upshot here is that retailers using Bolt are better equipped to compete with the giant Amazon.
Not enough to persuade you? Consider this. Customer analytics within the Bolt platform study behavioral patterns by tracking mouse movement on a given page, recording whether a potential customer is copying and pasting information into fields, customer typing speeds, and other relevant factors.
To summarize, here are the most tempting reasons to shift to Bolt, according to larger ecommerce vendors:
Lift conversion –Completed orders lead to a massive lift with Bolt’s conversion-optimized checkout.
Getting mobile – Bolt’s mobile checkout accommodates the growing trend of on-the-fly shopping by minimizing scrolling and user input.
Zero fraud guarantee – Say goodbye to chargebacks and other fraud-related headaches.
Anti-fraud engine focuses on consumers – False positives in payment approval are a thing of the past.
Improve customers’ ease of use – Single-click checkout for seamless repeat purchases.
Security matching bank-level safety – Bolt is PCI DSS Level I.
There are no excuses for resisting a peek at this hot new-ish payment platform, which may transform both your business model and your gross revenues. Take advantage of a demo here.