Affirm (NASDAQ: AFRM), the payment network that empowers consumers and assists merchants with driving growth reveals that its “flexible” payment service will soon be available to Amazon.com clients at checkout.
As mentioned in the announcement, Amazon and Affirm are currently testing with select customers, and in the coming months, Amazon intends to make Affirm more widely available to its clients.
Through the Amazon and Affirm partnership, certain Amazon customers now have the option to “split the total cost of purchases of $50 or more into simple monthly payments by using Affirm.”
Approved or qualified clients are “shown the total cost of their purchase upfront and will never pay more than what they agree to at checkout,” the announcement noted while adding that “as always, when choosing 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 U.S.,” according to Eric Morse, SVP at Sales at Affirm. Eric also mentioned that offering Affirm’s alternative to credit cards also “delivers more of the payment choice and flexibility consumers on Amazon want.”
As previously reported, Affirm’s goal is to offer “honest” financial products that improve peoples’ lives. By creating a new type of of payment network — one based “on trust, transparency and putting people first” — Affirm aims to “empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth.”
Unlike traditional credit cards and other pay later services, Affirm shows consumers “exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees,” the company claims.
As covered recently, Paybright, part of Affirm, is now live and in the wild on the Apple Store for Canadian purchasers. As was previously reported, Apple (NASDAQ:AAPL) is incorporating Paybright, a Canadian BNPL (buy now, pay later), to facilitate purchases.