- Thinkific Payments is built to help Creators grow their
business by significantly increasing their sales, with
features including Performance Checkout and Order Bumps
VANCOUVER, BC, Nov. 8, 2021 /CNW/ - Thinkific Labs Inc.
("Thinkific" or the "Company") (TSX: THNC), a leading cloud-based
software platform that enables entrepreneurs and established
businesses of all sizes to create, market, and sell online learning
products, today announced that it has completed the first phase of
its rollout of its payments solution 'Thinkific Payments', making
it accessible to all Creators across the
United States and Canada.
The Company's new embedded payment processor is integrated into
each Creator's Thinkific Dashboard, where Creators can opt-in to
use the tool, enabling them to spend less time on administration
and to sell more courses. Creators can now accept payments, manage
payouts to bank accounts, process refunds, and update banking and
business information without the friction of integrating a
third-party payment provider.
The U.S. and Canadian deployment of Thinkific Payments comes
after a successful, calibrated rollout of the platform to select
groups of Creators which was first announced in July of this
year.
"Our early releases of Thinkific Payments were designed to meet
the needs of Creators with simpler businesses, and feedback from
them has been incredibly positive," said Thinkific CEO,
Greg Smith. "The new tools and more
efficient payment processes we've developed allow Creators to
deliver a seamless checkout experience to their customers as well
as maximize their sales. Looking forward, we plan to expand
Thinkific Payments to other major territories, roll out features
designed for larger customers with more complex needs, and
integrate payments deeply into marketing funnels and learning
products."
Beyond efficient payment processing, two additional key features
form part of the Thinkific Payments platform which help Creators
increase conversions and sales:
Performance Checkout increases checkout conversions and
reduces cart abandonment with a faster, frictionless, single-page
checkout experience that requires less information from the
customer before payment. The Performance Checkout is continually
tested and optimized to maximize conversions.
Order Bumps helps Creators earn more from each of their
customers by suggesting complementary products at check out.
Thinkific Payments is now available on all plans and for all new
and existing Thinkific customers in the
United States and Canada
with immediate access to the Performance Checkout and Order Bumps
tools.
About Thinkific
Thinkific (TSX:THNC) makes it simple
for entrepreneurs and established businesses of any size
to scale and generate revenue by teaching what they know. Our
platform gives businesses everything they need to build, market,
and sell online courses and other learning products, and to run
their business seamlessly under their own brand, on their own site.
In 2020 alone, Thinkific's 50,000 active creators earned hundreds
of millions of dollars in direct course sales while teaching tens
of millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed and
growing team.
For more information, please visit www.thinkific.com.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's plans related to Thinkific
Payments and its features and the anticipated benefits of Thinkific
Payments and its features for the Company's customers. Such
statements and information are based on the current expectations of
Thinkific's management, and are based on assumptions and subject to
risks and uncertainties. Although Thinkific's management believes
that the assumptions underlying these statements and information
are reasonable, they may prove to be incorrect. Except as required
by applicable securities laws, forward–looking statements and
information speak only as of the date on which they are made and
Thinkific undertakes no obligation to publicly update or revise any
forward–looking statement or information, whether as a result of
new information, future events or otherwise.
SOURCE Thinkific Labs Inc.