Amazon Taps Affirm to Offer BNPL Payment Option at Checkoutby Fintechnews Switzerland August 30, 2021
Affirm, a US-based Buy Now, Pay Later (BNPL) firm, announced that its flexible payment solution will soon be available to Amazon.com customers at checkout.
In a joint statement, Amazon and Affirm said that they are testing with select customers now, and in the coming months, Amazon plans to make Affirm more broadly available to its customers.
As a result of Amazon and Affirm’s partnership, select Amazon customers now have the option to split the total cost of purchases of US$50 or more into simple monthly payments by using Affirm.
Approved customers are shown the total cost of their purchase upfront and will not have to pay more than what they agree to at checkout.
According to Affirm, consumers will not be charged any late or hidden fees.
“By partnering with Amazon we’re bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop on Amazon.com in the US.
Offering Affirm’s alternative to credit cards also delivers more of the payment choice and flexibility consumers on Amazon want.”
said Eric Morse, Senior Vice President of Sales at Affirm.