Close more work by presenting payment plans upfront
With a few clicks, you and your customers see their personalized payment plan options upfront, making it easier to move services forward. Built into Shopmonkey Payments, powered by Sunbit.
The industry's most widely adopted service financing solution
Sunbit is endorsed by 17 OEMs, partnered with all 25 top auto groups, and used by over 60% of U.S. dealership service centers.
Unmatched 90% customer approval rate, so you can confidently offer it to everyone.
Immediate, risk-free payments with funds initiated right away with zero risk to you.
Enjoy fast, seamless integration within your Shopmonkey Payments workflow.
Drive revenue growth increase ROs and decrease declines with a solution your service advisors will love.
Auto shops love Sunbit
“Thanks to the accessibility of flexible financing through Sunbit, we see 4.5X higher revenue on Buy Now, Pay Later transactions. It's another tool in the belt to get a yes. At the end of the day, we just want yeses.”
Jon Lackey, OwnerBlvd Customs
“Sunbit delivers 4X more customer approvals than other BNPL options. With Sunbit integrated through Shopmonkey, it gives us the confidence to offer financing in a way no other solution does.”
Christian Villegas, Co-OwnerFull Blown Performance
Frequently asked questions
How can I start using Payment Path?
Start by letting customers know they don’t have to pay for everything today, they can pay over time. Then, look for the “explore payment plans” button in your Shopmonkey dashboard and follow the prompts. You’ll be able to review your customer’s approval amount and payment options together before they make a final decision.
When should I use Payment Path?
Payment Path works best as a sales tool during the estimate or work-order conversation - either in person or over the phone. This lets you show customers how little they need to pay today to get started, and how paying the rest over time can help them move forward confidently.
What sort of late fees or penalties are there?
Sunbit customers are not charged fees, no deferred interest, no penalties, and no surprises, ever. Customers pay only the amount agreed upon the day they sign up.
Does offering financing cost my business anything?
There are no additional Shopmonkey subscription fees for merchants to use Sunbit. Sunbit does have a flat rate fee of 6% that is deducted directly from any payment made to the business.
What is the minimum and maximum purchase amount allowed with Sunbit?
The minimum purchase with Sunbit is $60 and the max approval amount is $20,000.
What types of payment options can customers use with Sunbit?
Customers must use a bank issued debit card. No prepaid debit cards or credit cards can be used.
How will Sunbit benefit my customers?
Sunbit offers customers a flexible and transparent way to say “yes” to their repairs today and pay over time. The application is fast and friendly with no hard credit check, and every customer will see a 0% offer.
What is my role in the Sunbit application process?
Customers must complete the Sunbit application themselves. They should use their own device and email address, and have time to review their terms, including APR and down payment options.
Can I complete the application for the customer?
No. The application must be completed by the customer directly. This helps ensure accuracy and compliance.
Can I tell the customer what their approval odds or APR will be?
No. Approval results, APR, and down payment amounts are determined individually and in real time. Avoid making promises or assumptions about what a customer will qualify for.
Can I add fees or increase prices if a customer chooses Sunbit?
No. Sunbit merchant fees cannot be passed on to the customer. Do not add surcharges, increase prices, remove discounts, or change pricing based on how the customer pays.
How should I explain Sunbit to customers?
Keep it simple: “Sunbit offers flexible payment plans. You can apply in under a minute to see options with no hard credit check. You’ll know instantly if you’re approved and what your payments could look like.”
Loans are made by Transportation Alliance Bank, Inc., dba TAB Bank, which determines qualifications for and terms of credit.
