News | January 12, 2021

Sunbit And LensQuote Announce A Market First - An Automated Contact Lens Pricing Tool Featuring Monthly Payments

New “Pay As Low As” Monthly Pricing Calculation Gives Optical Retailers More Selling Power

Los Angeles, CA (PRWEB) - Sunbit, the preferred buy now, pay later (BNPL) technology of service providers and retailers, announced today a full integration with LensQuote, the leading solution for driving in-office contact lens sales in an increasingly competitive market. LensQuote, now with Sunbit's added benefits, will help to convert more annual contact lens supplies and customers into daily lens wearers -- in a matter of seconds -- all the while increasing revenues per fitting.

The integration between LensQuote, the preferred in-office SaaS tool that makes selling contact lenses easy and transparent, and Sunbit, the BNPL technology of choice for eyewear retailers serving local communities across the country, eliminates the need for manual calculations -- allowing optical staff to present pricing as soon as the patient is ready to checkout.

Optical retailers will be able to offer a "Pay As Low As" price, which shows consumers the average monthly payment for the cost of their annual supply of contact lenses if they choose to split their payment using Sunbit technology.

"Sunbit has made it easy for SaaS and e-commerce companies to integrate our 'Pay As Low As' pricing tool into their retail or software business applications," said Ornit Maizel, Sunbit Co-founder and Chief Technology Officer. "LensQuote's integration of Sunbit's API will allow optical retailers to show what a customer's flexible, monthly payment would be if they choose Sunbit to buy their contact lenses now and pay for them over time. We're thrilled we can offer API solutions -- enabling retailers to sell more while increasing customer loyalty."

"Patients want to be flexible with their hard-earned money and they're eager to find the best possible payment choices," said Robert Nunziato who leads partnerships & integrations for Sunbit, Inc. "With Sunbit, LensQuote merchants can quickly offer contact lens shoppers the lowest price -- including flexible payment options -- in a matter of seconds. Patients can take advantage of the rebates that come with the annual supply of contact lenses without paying the entire amount upfront. Rather, they split their purchase into monthly payments to stretch their budget and take advantage of the manufacturer promotions. That's a big win for the patient and practice."

By using machine learning technology, Sunbit is able to provide more transparent and fair rates for nearly all optical patients. Sunbit's application process takes less than 30 seconds to complete and results in a typical approval rate above 90% for everyone across the credit spectrum. Applying with Sunbit doesn't require a hard credit check.

"When it comes to pricing, patients want to see all of the numbers upfront," said Dr. Ryan Gustus, Founder of LensQuote. "With LensQuote, we are helping optical businesses show their customers a clear breakdown of pricing, including discounts, insurance, and rebates. Now, with the Sunbit integration, consumers can see an even more important number -- the 'Pay As Low As' price -- which gives contact lens wearers more buying power and also gives retailers a leading edge to selling more annual supplies -- without the worry of losing sales to online retailers or other competitors."

Customers who choose to leverage Sunbit's "Pay As Low As" pricing option will simply scan their driver's license, enter their email address and see their payment options over 3, 6, or 12-months. Sunbit offers a 3-month, no interest plan to all approved patients at participating optical practices, giving eye care professionals an incentive to sell more annual contact lens supplies.

About Sunbit:
Sunbit is the preferred buy now, pay later technology of service providers and retailers fulfilling the needs of thousands of local communities. Sunbit eases the stress of buying everyday things by offering fast, fair and transparent payment options to people across the credit spectrum. We are offered in-store and online through more than 6,000 locations, including 1 in 5 auto dealership service centers, optical practices, dentist offices and specialty health care services.

About LensQuote:
The LensQuote app is the leading platform that drives in-office contacts lens sales. LensQuote helps practices increase their annual supply sales, convert more patients into daily lens wearers, and comply with the latest FTC Contact Lens Rule changes. The LensQuote app clearly shows patients a breakdown of pricing and rebates before they leave your office, revealing the superior value of an annual supply, leading them to make the switch.

Source: PRWeb

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