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This extension is in our Payment category. Please remember that it is the merchant’s responsibility to ensure the proper PCI compliance level of their store, as applicable by PCI regulations. The PCI Self-Assessment is one tool you can use when evaluating Payment extensions and how they may affect your PCI compliance level. For more information on Marketplace policies, please review the Marketplace Terms & Conditions.
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Katapult No Credit Required

This is an Integration with a Third Party Service. Other charges and fees may be required to use this extension on your Store
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Overview

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With Katapult, you can offer a lease-purchase financing solution for the underserved subprime & no credit consumer market, allowing consumers who do not qualify for traditional financing to find a path to ownership for the products they need. Katapult focuses on the omni-channel experience, partnering with both online and brick & mortar retailers nationwide. At Katapult, we pride ourselves on the transparency of our agreements and provide award winning customer service and 24/7 chat support. 

The Katapult extension modifies your payments page to accept Katapult as a payment option and is seamlessly embedded into your checkout flow, then handles all application approvals, payment processing, and lease servicing. Our extension also provides the functionality to manage post origination functions from the Magento admin portal, including cancel order/cancel item and order management. 

The Katapult extension utilizes APIs to modify your payments page to accept Katapult as a payment option and is seamlessly embedded into your checkout flow via an iframe. Katapult handles all application approvals, payment processing, and lease servicing. Our extension also provides the functionality to manage post origination functions from the Magento admin portal, including cancel order/cancel item and order management through our APIs. Customer data is not entered or stored on your Magento server, our extension only updates the order ID.  

Account & Pricing

Although Katapult's Magento extension is free to download, a Katapult partnership may not be. A separate Katapult account is required to implement our lease-purchase solution. In order to offer Katapult as a checkout option, you will need to complete our application at https://go.katapult.com/magento to receive API keys and to complete account setup. Once the application is completed, Katapult will review it and contact you before setting up the account.

Features

  • 47% of US consumers need financing for a purchase of $400 or more
  • 47% of FICO scores are under 700, average FICO score for Katapult customers is 550-580
  • Katapult is a no credit required option and does not rely on FICO score
  • Access to the subprime consumer market, a $23B market opportunity
  • 3 easy steps only and only 14 required fields at checkout
  • Katapult approvals are up to $3,500
  • Low initial payments 
  • Approvals in less than 5 seconds
  • Over 60% average approval rate
  • 90 Day Early Buyout Option
  • Katapult takes responsibility for servicing the customer’s lease
  • 24/7 Chat Support
  • 47 Net promoter score
  • Katapult offers a full library of marketing assets, like pre-approval buttons and banners, separately as these are not natively built into the extension.

Security

Katapult’s solution does not impact merchants’ PCI compliance. Information affecting a merchant’s PCI compliance is never passed by Katapult to the merchant.

Compatibility

Magento Platform Supported Versions:

Open Source (CE): 2.2, 2.3, 2.4

Commerce On Prem (EE): 2.2, 2.3, 2.4

Commerce on Cloud (ECE): 2.2, 2.3, 2.4

Tech Specifications

Seller: Katapult

Integrator: Katapult

Current Version: Magento 2.4

Type: Stable Build

Updated: 02/16/2021

Categories: Extensions, Payments & Security, Payment Integration

Documentation: https://docs.katapult.com/docs/magento

Policy: https://katapult.com/app/legal#privacy-policy

Technical Specifications

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Seller profile

Katpault

Seller contact

E-mail

Integrator

Katapult

Current Version

2.4.8

Adobe Commerce platform compatibility

Open Source (CE): 2.3 (current), 2.4 (current)

Commerce on prem (EE): 2.3 (current), 2.4 (current)

Commerce on Cloud (ECE): 2.3 (current), 2.4 (current)

Type

Stable Build

Updated

22 April, 2022

Categories

Extensions, Payments & Security, Payment Integration

Documentation

Installation Guides

License Type

BSD 2-Clause License

Policy

Privacy Policy

Quality Report

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Installation & Varnish Tests

Passed

Coding Standard

Passed

Plagiarism Check

Passed

Malware Check

Passed

Marketing Review

Passed

Manual Testing

Passed

All tests were conducted on the latest versions of Adobe Commerce that existed for the compatible release lines at the moment of the extension submission. Latest versions of all other software were used, as applicable.

Release Notes

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2.4.8:

  • Compatible with Open Source (CE) : 2.4
  • Compatible with Commerce on prem (EE) : 2.4
  • Compatible with Commerce on Cloud (ECE) : 2.4
  • Stability: Stable Build
  • Description:

    Enhancement in tax exempt functionality and removal of unwanted code from the package.

2.4.6:

  • Compatible with Open Source (CE) : 2.3 2.4
  • Compatible with Commerce on prem (EE) : 2.3 2.4
  • Compatible with Commerce on Cloud (ECE) : 2.3 2.4
  • Stability: Stable Build
  • Description:

    Security updates and enhancements to tax exemption functionality

2.4.4:

  • Compatible with Open Source (CE) : 2.3
  • Compatible with Commerce on prem (EE) : 2.3
  • Compatible with Commerce on Cloud (ECE) : 2.3
  • Stability: Stable Build
  • Description:

    Minor changes for Magento 2.3.7p1
    Resolved issues with Katapult display at checkout
    Resolved issues with handling coupon codes

2.4.3:

  • Compatible with Open Source (CE) : 2.4
  • Compatible with Commerce on prem (EE) : 2.4
  • Compatible with Commerce on Cloud (ECE) : 2.4
  • Stability: Stable Build
  • Description:

    Added changes to three controllers:
    - removeKatapultTax
    - applyKatapultTax
    - cancel
    Fixed issue with "Invalid return type".

2.4.1:

  • Compatible with Open Source (CE) : 2.4
  • Compatible with Commerce on prem (EE) : 2.4
  • Compatible with Commerce on Cloud (ECE) : 2.4
  • Stability: Stable Build
  • Description:

    Magento 2.4 update

2.3.6:

  • Compatible with Open Source (CE) : 2.3
  • Compatible with Commerce on prem (EE) : 2.3
  • Compatible with Commerce on Cloud (ECE) : 2.3
  • Stability: Stable Build
  • Description:

    Updated release for 2.3.6 p-1

1.0.0:

  • Compatible with Open Source (CE) : 2.3
  • Compatible with Commerce on prem (EE) : 2.3
  • Compatible with Commerce on Cloud (ECE) : 2.3
  • Stability: Stable Build
  • Description:

    Katapult Version 2.3 is an alternative payment method you can offer a lease-to-own financing solution for the underserved subprime & no credit consumer market, allowing consumers who do not qualify for traditional financing to find a path to ownership for the products they need. Katapult focuses on the omni-channel experience, partnering with both online and brick & mortar retailers nationwide.

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Adobe Commerce developers have both a contact email and a support email listed.

Contact Vendor

Q & A

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Reviews

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