Quick holiday check: do you know what happens to your processing fees when you refund an order? Here’s a 3-step way to find out: 1. Pull your refunded order volume from the last year. 2. Check your processor agreement or statements for how fees are handled on refunds. If it isn’t clear, ask your provider directly. 3. Multiply your refunded volume by your fee rate. That’s roughly what you paid to process sales that didn’t happen. Terms vary by provider, so it’s worth knowing before volume spikes. With Bolt, we credit back all fees on refunded orders. Link in comments 👇
Bolt
Software Development
San Francisco, California 80,214 followers
One-click to reimagine money, crypto, and the way people buy and sell.
About us
Bolt provides businesses with best-in-class customer conversion through seamless and secure one-click checkout. Leading brands like Revolve, Kendra Scott tap into The Bolt Network of 80M+ US consumers—to unlock rich, actionable insights that drive smarter, more personalized checkout experiences. Now, that same network is expanding its reach with Bolt’s new Finance & Crypto SuperApp, giving consumers a powerful way to manage money and shop seamlessly across the internet. The app will grant users greater access and visibility into their financial health, allowing them to leverage their full spending power from a single interface…and a single click. Download the SuperApp here: boltapp.com/app Our lightning-fast and easily-accessible Checkout here: bolt.com/get-started And apply to join our growing team here: https://www.boltapp.com/careers
- Website
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https://boltapp.com
External link for Bolt
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- San Francisco, California
- Type
- Privately Held
- Founded
- 2014
- Specialties
- payments, blockchain, fraud, machine learning, data science, innovation, financial services, checkout, ecommerce, design, and infrastructure
Employees at Bolt
Locations
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Primary
Get directions
588 Sutter St
San Francisco, California 94102, US
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Get directions
2401 S Foothill Dr
Salt Lake City, Utah 84109, US
Updates
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Refunds are part of holiday retail. Paying fees on them shouldn’t be. Returns spike after peak season, and with some providers, the fees on those refunded orders never come back. It’s a silent tax that grows right when your volume does. With Bolt, we credit back all fees on refunded orders. For example: on $1M in refunded orders, a 3% fee would cost $30,000 (actual fees vary). And because Bolt is platform- and payment-agnostic, you don’t have to rebuild your stack to get it. Link in comments 👇
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Your customers are yours. Full stop. At Bolt, we believe that once a shopper checks out with you, you should keep ownership of that relationship regardless of what platform or processor you use next. Bolt is platform- and payment-agnostic by design, because switching tools shouldn't mean losing the customer data and loyalty you've spent years building.
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Bolt reposted this
2.9% + $0.30 sounds reasonable, right? But your actual number all-in: 7%. 7% seems to be the going-rate for allowing startups to operate. It’s the rate to get access to investors via an accelerator. It’s also become the rate to simply transact. Here’s the math taken from a real-world example: Real company example doing $250,000 / month with $25 average ticket size. Card processing fees - 2.9% = $7,250 - 30¢ × 10K charges = $3,000 - Intl/FX surcharges = $1,500 $11,750 all-in, 4.7% effective rate Disputes: $3,000 200 a month (2% dispute rate) at $15 14% win rate so $4,300 more in revenue claws back Billing/Subscriptions Platform Fee: $1,750 (0.7% of every recurring charge) Other: $250 Total: $16,750/month. That’s OVER $200,000 PER YEAR IN FEES. Interchange is what every processor needs to pay their underlying bank and card networks. This is typically 2%. So… the processor's profit margin: 71% (or 5% on an absolute basis) Bolt's profit margin is only about 1% on an absolute basis. That’s an 80% reduction. 100% off of billing fees (it’s free) 100% of fees returned on refunds 66.6% off of chargeback fees ~60% off of the payment margin. Ready to switch? Message me now: ryan@boltapp(dot)com
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We're honored to be featured in WooCommerce's Staff Picks newsletter. Bolt has partnered with WooCommerce for 7 years to bring merchants a best-in-class checkout experience. WooCommerce gives merchants deep customization and full ownership of their stores. Bolt Checkout turns that flexibility into higher-converting revenue. https://lnkd.in/enEi2isp
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Bolt's MCP connector is live. Full documentation, implementation support, and test plans are available today. Point your coding agent at help.boltapp.com (see the AI tab) and it can get you extremely far on integration, on its own. Many exciting features are still to come over the next few weeks. This is just the start. https://lnkd.in/eZf4RVz2
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Bolt reposted this
I am thrilled to share that we've promoted Hayden McTernan to Bolt's VP of Sales. Many Bolters will recognize his name as Hayden was one of our pivotal early AEs who took us from ~$1m to ~$40m ARR. Hayden left upon my departure and subsequently rejoined upon my return. Hayden is perhaps the best sales leader I've worked with. He is a warrior. He is hyper-intelligent. And he is able to find the win-win in every deal. Bolt will be a powerhouse once again under his leadership. Congrats on the well-deserved promotion, Hayden ⚡️💪 Anyone ready for a lower-cost, higher-converting, and founder-first payments partner, shoot him a note right now!
I’m happy to share that I’m starting a new position as VP of Sales at Bolt
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Bolt reposted this
Bolt is ready. - Self-serve onboarding - Subscriptions - Connect for marketplaces - 100m+ Bolt IDs - 100% fraud coverage - Every popular developer SDK - Fully managed checkout or embeddable components - Industry's lowest pricing Make the switch ⚡️ Get started now: https://lnkd.in/eiftGYVu
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That's right. Hours to integrate. Enterprise pricing for all. See you in the Bolt Dashboard ⚡️ bolt.com/get-started
MAJOR UPDATE: Bolt is now 100% self-serve. Integrate with any agentic coding tool in < 3 hours. Out of the gate we offer the lowest prices in market (2.5% + $0.30, discounts w volume). Our Checkout OS and 1-Click Network are best-in-class. Shoutout to our engineers who worked nights and weekends for months on end to make this happen. Are you ready to make the switch? Go to bolt(.)com → click "get started" ⚡️⚡️⚡️