My bell pepper plants are blooming; however, they are not producing and peppers.
Bell Pepper Plants Not Producing
Certified GKH Gardening Expert
It sounds like a pollination issue, likely due to the high heat. If the peppers are not properly pollinated, they will get soft and drop off the plant at about that size. Peppers and tomatoes pollinate in the same way, so this article will help you:
I am having the same problem this year. Tomatoes are the same. Too much heat is the culprit. Night shade plants do not set fruit well above 90 degrees.