Overview
Back to topWith 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
Technical Specifications
Back to topSeller profile
Seller contact
Integrator
Current Version
2.5.2
Adobe Commerce platform compatibility
Adobe Commerce (cloud): 2.4 (current), 2.3 (obsolete)
Adobe Commerce (on-prem): 2.4 (current), 2.3 (obsolete)
Magento Open Source: 2.4 (current), 2.3 (obsolete)
Type
Stable Build
Updated
09 December, 2024
Categories
Extensions, Payments & Security, Payment Integration
Supported Browsers
Chrome, Firefox, Opera, Safari, Edge, IE
Quality Report
Back to topAll 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
Back to top2.5.2:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
changes to support 2.4.7-p1
2.5.1:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
Fix depreciated issue for PHP 8.2 for dynamic creating variable
2.5.0:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
Compatibility changes to support Magento 2.4.6
Added Price Calculator
2.4.9:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
Update new assets
2.4.8:
- Compatible with Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
Enhancement in tax exempt functionality and removal of unwanted code from the package.
2.4.6:
- Compatible with Adobe Commerce (cloud) : 2.3 2.4
- Compatible with Adobe Commerce (on-prem) : 2.3 2.4
- Compatible with Magento Open Source : 2.3 2.4
- Stability: Stable Build
-
Description:
Security updates and enhancements to tax exemption functionality
2.4.4:
- Compatible with Adobe Commerce (cloud) : 2.3
- Compatible with Adobe Commerce (on-prem) : 2.3
- Compatible with Magento Open Source : 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 Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 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 Adobe Commerce (cloud) : 2.4
- Compatible with Adobe Commerce (on-prem) : 2.4
- Compatible with Magento Open Source : 2.4
- Stability: Stable Build
-
Description:
Magento 2.4 update
2.3.6:
- Compatible with Adobe Commerce (cloud) : 2.3
- Compatible with Adobe Commerce (on-prem) : 2.3
- Compatible with Magento Open Source : 2.3
- Stability: Stable Build
-
Description:
Updated release for 2.3.6 p-1
1.0.0:
- Compatible with Adobe Commerce (cloud) : 2.3
- Compatible with Adobe Commerce (on-prem) : 2.3
- Compatible with Magento Open Source : 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
Back to topThe 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