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Sunbit

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Last updated on

Company health

Employee growth
10% increase in the last year
Web traffic
3% decrease in the last quarter
Financing
July 2024 - $1B

Ratings

G2
4.8/5
(12)
Glassdoor
4.1/5
(104)

Sunbit description

Sunbit is a financing technology company that lets customers pay for purchases in installments. It gives retailers in industries like auto repair, dental, and healthcare a simple way to offer financing options to their customers. This can lead to increased sales and customer satisfaction, as it makes larger purchases more manageable. Sunbit prides itself on high approval rates, transparent pricing, and a simple user experience.


Who is Sunbit best for

Sunbit is a buy now pay later solution for retail businesses. We find that it's most helpful for businesses who want to increase sales by offering point-of-sale financing. It is known for its high approval rates, transparent pricing, and a user-friendly experience for both the business and its customers.

  • Great for small and medium-sized businesses (1-1000 employees) looking to offer financing.

  • Specifically helpful for retail businesses, including auto repair, dental, and healthcare providers.


Sunbit features

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Pay-Over-Time for Essential Services: Sunbit offers pay-over-time solutions for various services, making it easier for consumers to afford necessary expenses like auto repair, dental care, eye care, vet care, and healthcare.

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High Approval Rates: Sunbit technology is designed to be accessible to a wide range of consumers, with a high approval rate, making it easier for people to access necessary services.

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30-Second Application: Sunbit's fast application process takes about 30 seconds, minimizing disruption to the customer's experience.

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No Hidden Fees: Sunbit provides financing options with no hidden fees, including no late fees, origination fees, penalty fees, or penalty APRs, promoting transparency and affordability.

Supported

Flexible Payment Options: Sunbit offers flexible payment options, allowing customers to select a plan that aligns with their budget and financial needs.

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Access to Essential Services: Sunbit helps consumers access necessary services by offering a convenient and transparent pay-over-time solution.

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Used by Millions: Sunbit is used by millions of people for various in-person services, demonstrating its wide adoption and relevance.


Sunbit pricing

The commentary is based on 6 reviews from Sunbit G2 reviews.

We find that Sunbit's financing fees are generally considered high. However, users appreciate the manageable payment options, finding them helpful for budgeting and affording necessary purchases, especially during emergencies. The required down payments are a recurring concern.

See the Sunbit pricing page.


Sunbit alternatives

  • Logo of Bread Financial
    Bread Financial
    Simple, transparent installment payments for higher sales.
    Read more
  • Logo of Wisetack
    Wisetack
    Pay-over-time options for services, so everyone wins.
    Read more
  • Logo of groundcover
    groundcover
    Effortless cloud monitoring. Secure, scalable, and simple.
    Read more
  • Logo of TABBY
    TABBY
    Shop now, pay later. Bigger sales, happier shoppers.
    Read more
  • Logo of Splitit
    Splitit
    Interest-free installment payments using your existing credit card.
    Read more
  • Logo of Sezzle
    Sezzle
    Shop now, pay later in four interest-free installments.
    Read more

Sunbit FAQ

  • What is Sunbit and what does Sunbit do?

    Sunbit is a financing technology company providing buy now, pay later services. We find that it offers a quick and easy application process with high approval rates, flexible payment options, and transparent pricing, making it a valuable tool for both businesses and consumers. It focuses on essential services like healthcare, auto repair, and dental.

  • How does Sunbit integrate with other tools?

    Sunbit integrates directly with point-of-sale systems in various industries, including auto repair, dental, and healthcare. This allows businesses to offer Sunbit financing seamlessly within their existing checkout process. There is no information available about integrations with other specific tools.

  • What the main competitors of Sunbit?

    We find that Sunbit's main competitors include Bread Financial, Wisetack, Tabby, Splitit, and Sezzle. These companies offer similar point-of-sale financing solutions for businesses and consumers.

  • Is Sunbit legit?

    We find Sunbit to be a legitimate financing option. They offer transparent pricing and flexible payment plans, and boast high approval rates. With generally positive customer reviews, Sunbit seems like a safe and reliable choice.

  • How much does Sunbit cost?

    Sunbit doesn't list specific pricing. We find that their financing options vary considerably, depending on loan amounts ($50-$20,000), terms (3-72 months), and APRs (0-35.99%). Contact Sunbit directly for personalized pricing details.

  • Is Sunbit customer service good?

    We find that customers consistently praise Sunbit's friendly and helpful customer service. Many users highlight the quick responses and willingness of the support team to address any questions or concerns. Overall, Sunbit's customer service receives positive feedback.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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