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Registering New Users During Guest Checkout

Registering New Users During Guest Checkout

Does anyone know if it's possible to add a password field to the one page guest checkout and automatically register guests during the checkout process?

 

I'd like to avoid having separate registration and checkout pages to make the checkout process as streamlined as possible.

 

I've found this tutorial from Magento, but I'm not sure if this is the right approach for what I'm trying to accomplish.

 

Thanks in advance for any help you can give.