Tiptop Launches a New Way to Pay, With Instant Trade In at Checkout
28 June 2024 - 4:21AM
Business Wire
A simple integration allows users to pay with unused items at
checkout.
Lower costs result in better conversions and higher average
order size.
Tiptop today launches a trade-in program that allows you
to trade in something you own when you buy something new - right at
checkout. Tiptop makes everything more affordable by allowing trade
in of unused items to reduce the cost of purchase.
Tiptop gives customers instant credit for their items and offers
the largest trade in catalog available with over 50,000 items.
With Tiptop’s launch, you can now trade in almost anything
you own to buy something new.
Tiptop’s industry leading features make it the best way to
pay.
It appears right at checkout. Trade in your item when
you’re paying for something new. Right where you expect it.
You get instant credit for your trade in items. No more
waiting for your trade in credit. Get it when you check out.
It has buy now pay later built right in. Tiptop’s Pay in
4 with zero interest option means incredibly low initial costs.
Shipping your trade-in is easier than ever. Use a prepaid
QR code, or even have an on-demand courier come pick their item
up.
In addition to its benefits for consumers, Tiptop also improves
checkout conversion rates for merchants and enables companies to
accelerate their sales through an instant trade-in and payment flow
with no risk.
Tiptop leverages advanced machine learning for a modeling and
pricing engine that lets customers instantly pay with items they
currently own using trade-in at checkout.
Tiptop’s early launch partners include dozens of merchants with
Nothing Tech, Cradlewise, Backbone, Phonedaddy and King of
Christmas available now. Try Tiptop at these retailers today.
According to Tiptop’s internal data, the average US household
has $1,800 worth of consumer goods that match our catalog, enabling
any merchant to access $280B in untapped US consumer spending power
on every transaction.
One integration handles payments, trade ins, shipping, and
logistics. Tiptop supports Shopify and direct integrations with
most stores, with Bigcommerce, Adobe Magento, Salesforce and more
ecommerce platforms coming soon.
About Tiptop
Tiptop co-founder and CEO Bastian Lehmann previously founded
Postmates. Tiptop allows you to trade in something you own when you
buy something new - right at checkout. Backed by Andreessen
Horowitz (A16Z), Sam Altman, Naval Ravikant, Gokul Rajaram, Scott
Banister, Cyan Banister, Nabeel Hyatt, Dan Romero, Jude Gomila,
Sean Plaice, Andy McLoughlin, Jeff Clavier, Vivek Patel and others.
Tiptop is dedicated to innovating at the intersection of commerce
and technology.
To sign up for Tiptop, please visit www.tiptop.com.
Follow Tiptop on social media: X | Instagram | Youtube |
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version on businesswire.com: https://www.businesswire.com/news/home/20240627408625/en/
Matthew Panzarino Matthew@tiptop.com (909) 276-5246