The Internet enables anyone to effortlessly communicate with anyone else across the world. Yet, buying and selling goods online is far from effortless. Introducing Bolt, Amazon-like payments with zero fraud for online merchants.The Internet enables anyone to effortlessly communicate with anyone else across the world. Yet, buying and selling goods online is far from effortless. Introducing Bolt, Amazon-like payments with zero fraud for online merchants.
Customers need to re-enter personal information, billing addresses, credit card numbers, shipping information – dozens of separate forms – into a clunky interface every time they make a purchase. About 70% of customers abandon ship during checkout (1). Worse, 15% of legitimate cardholders are falsely declined for fraud suspicions (2).
Online merchants need to select between hundreds of different payment processors, checkout tools, and fraud detection providers, wire them together, optimize their checkout flows, and manually review transactions.
In the end, online merchants spend significant resources managing their payments systems, only to see billions of dollars lost due to poor checkout experiences and inaccurate fraud detection.
This led us to a crazy idea: effortless payments – both for consumers and merchants. For consumers, making a purchase should require no more than 3 steps:
For merchants, enabling payments should be as easy as a single install or a few lines of code. It was a vision we couldn’t unsee: payments that just work, without the pain and complexity. So we built what we hope will be the last payments company you’ll ever need to know about.
Introducing Bolt, a company dedicated to making it possible for everyone, everywhere to transact effortlessly. Bolt is – believe it or not – the world’s first end-to-end product for accepting payments online. By integrating the entire stack, we allow any retailer to provide fast checkout to their customers with dramatically less cost and effort.
We eliminate unnecessary steps like entering a billing address. And for merchants, we make order review and fraud go away with the payment industry’s first 100% zero fraud guarantee.
Accepting payments requires assembling and maintaining your own payments infrastructure, plus a whole lot of manual work.
For the maintenance and management costs – which can be in the millions – the result is poor checkout experiences and inaccurate fraud decisioning.
Bolt is a single product that handles every aspect of payments for merchants.
Bolt merchant Invicta Watches replaced 3 separate tools — payment processing, fraud detection, and checkout — with Bolt and saw a 150% increase in sales. And they made the switch during Black Friday, the busiest time of year — a testament to Bolt’s ease of integration. See the full case study here.
See the case studies section of our website for more.
There’s no magic involved – here’s how we did it.
Bolt wasn’t easy to build, in fact it took many years and many great minds, but the principle is simple: the whole is much greater than the sum of its parts.
We envision a world where everyone, everywhere, is able to transact with everyone else, effortlessly. Bolt is standardizing and simplifying payments across the web. We’re eliminating fraud and allowing thousands of businesses to operate in the global market.
But, this is just the beginning.
Online payments today are interfaces to card networks and legacy payments infrastructure. Bitcoin and the ongoing cryptocurrency revolution, however, is creating a future where global payments become a global public utility, unencumbered by regulations and fees that limit the potential of current payment infrastructure.
If the revolution goes according to plan, the future won’t need another payments company.
If building the end of payments excites you, we’re hiring across all roles – see our jobs page.
Find additional information about our launch: