HomeAdvisor, a digital home services marketplace operating business of ANGI Homeservices (NASDAQ: ANGI) announced on Thursday it has formed a partnership with Affirm, a flexible and transparent alternative to credit cards, to offer easy to understand flexible payment options for HomeAdvisor customers. HomeAdvisor is claimed to be the first home services marketplace to offer Affirm’s transparent pay-over-time options with no hidden fees to customers for hundreds of home projects.
HomeAdvisor reported that when homeowners pay for a project through HomeAdvisor Pay via the HomeAdvisor app, they will be able to select Affirm at checkout.
“With Affirm, consumers can check eligibility in seconds, and if approved, select from term lengths ranging from three to 36 months. For example, a $5,000 project would cost $452 per month over twelve months with 15% APR. Consumers will see the Affirm “buy now, pay later” option when paying for hundreds of projects using HomeAdvisor Pay.”
HomeAdvisor further revealed that its customers will also be able to use Affirm at checkout for our instant pre-priced projects as well as any managed project. Speaking about the partnership, Brandon Ridenour, CEO of ANGI Homeservices, stated:
“Payment is a particularly stressful part of the home services experience, be it due to unexpected expenses or the lack of transparency around the cost of many home improvement projects. With the launch of our digital payment system and now the partnership with Affirm, we are making it fast and easy to book, finance and pay for any home improvement job, no matter the project type or size. Our homes are one of the largest investments we will make in our lives and require constant maintenance and work. With HomeAdvisor, every customer now has an opportunity to either maintain or upgrade their homes on their budget and their terms.”
Silvija Martincevic, Chief Commercial Officer of Affirm, added:
“We’re thrilled to partner with HomeAdvisor to bring flexibility and transparency to the way people pay for home service projects. Now, homeowners can pay for these projects over time in simple, easy-to-understand payments without any concern of hidden or late fees.”