Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced a partnership with Zenni Optical, the online eyewear retailer.
Now, eligible shoppers can pay over time for their favorite items “from Zenni’s extensive selection of fashionable and high-quality prescription and protective eyewear.”
Zenni Optical and Affirm have joined forces “to deliver a more flexible way to pay for eyewear.”
After choosing eyewear from Zenni’s vast collection and selecting Affirm at checkout, approved Zenni customers “can split the total cost of any purchase over $75 into monthly payments.”
They are shown the total cost of their purchase and “will never pay more than they agree to upfront.”
Affirm claims that it “never charges customers any late or hidden fees.”
David Ting, Global CTO and General Manager at Zenni Optical, said:
“We’re thrilled to partner with Affirm to provide Zenni customers another option to pay. We’re constantly improving our customer experience to make purchasing on Zenni.com as simple as possible. Affirm was the next step in that process. We believe that everyone should have access to high-quality, affordable eyewear, and Affirm can give customers a more seamless pay-over-time shopping experience without the burden of paying in full at checkout.”
Pat Suh, Affirm‘s SVP of Revenue, said:
“On average, consumers paying with Affirm on Black Friday spent nearly $260 per checkout on eyewear, an increase of more than 30% year-over-year. This illustrates the significant consumer demand for more flexible payment options. By partnering with Zenni, we’re helping eligible consumers increase their purchasing power responsibly so they can pay over time for high-quality and stylish eyewear and avoid hidden fees or compounding interest.”
Zenni joins 266,000 Affirm retail partners, “including Casper, DICK’S Sporting Goods, Newegg, SeatGeek, Priceline, American Airlines, and more. Offering Affirm at checkout can drive overall sales, increase average order value, and increase customer repurchase rates.”
Affirm’s mission is “to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees.”