PayPal has partnered with Bold to help all Magento merchants get the best of PayPal, including access to Fastlane

How to get the extension:

Requirements:

• An Adobe Commerce/Magento store
• A PayPal business account
• Must not be using 3D Secure.

Note: Fastlane by PayPal is currently only available for shoppers located in the United States, using USD as their transactional currency.

Installation:

1. Install the Bold checkout extension: installation guide
2. Configure the checkout extension to enable Fastlane and other Payment options from PayPal.

Note: For Fastlane, if you do not currently have PayPal’s Advanced Credit and Debit Card Payments for your business account, you will need to request it.

Key features of the Bold extension include:

• Compatibility: It works with any Magento version for Magento 2, and support for Magento 1 is coming soon.
• Quick Installation: The installation process is incredibly fast, taking less than half an hour to complete.
• No additional cost: There are no additional costs for using the Bold extension. You only pay your regular transaction rates and fees for using PayPal as your payment provider.

For additional support in launching the Bold Checkout Magento extension to enable Fastlane, we’re offering free white-glove support through our technical support team.

What is Fastlane by PayPal?

Consumers expect a quick and convenient checkout experience. In fact, 66% of shoppers expect to complete their checkout in less than four minutes. However, guest shoppers, or those who have never shopped with a brand before, face more friction in their checkout, needing to create a new account and manually enter their checkout details, such as shipping address and payment method.

With 82% of shoppers abandoning purchases due to complicated account registration, brands have a significant opportunity to boost conversions by streamlining the guest checkout with passwordless authentication.

Fastlane by PayPal eliminates friction from the checkout process by leveraging PayPal’s customer network to recognize customers and make checkout more seamless than ever. Guest shoppers with Fastlane profiles can autofill their details, get authenticated, and pay in seconds. No passwords or lengthy signup flows.

According to PayPal's internal data, Fastlane users convert at nearly 80%, which is almost double the industry average of 47%. There are no trade-offs for brands using Fastlane. If a shopper is not part of the PayPal network, they can still pay by credit card or their preferred payment method. This flexibility makes Fastlane a win-win solution for both shoppers and brands.

How it works for existing PayPal customers

• When the customer enters a PayPal associated email in the checkout, they receive a verification code by text which they can then enter into the checkout.
• Once validated, the checkout is automatically populated with their saved shipping, billing, and payment information.
• From here, they can either complete the order, or they can adjust their checkout information.

How it works for customer's without a PayPal profile

• When the customer proceeds to the checkout, they enter their email address, shipping information, and payment information as usual.
• If the customer consents to save their payment profile with Fastlane (enabled by default) on the payment information page, a Fastlane profile is automatically created once they complete their order.
• Customers can also manually disable Fastlane account consent if they do not wish to save a Fastlane profile.

Learn more about how Fastlane by PayPal is designed to create a speedy guest checkout experience and enhance conversion rates.