StockX, a global resale marketplace for current culture products, announced that it has partnered with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth.
Eligible StockX shoppers in the U.S. may now access Affirm’s flexible payment plans when purchasing “coveted items from top brands like adidas, Supreme, Gucci, and more.”
With this offering, eligible shoppers can choose Affirm’s “biweekly or monthly payment plans at checkout.”
The process is said to be simple: after selecting Affirm as the payments option, consumers enter a few pieces of information, and “go through a quick, real-time eligibility check.”
If approved, consumers can choose the “customized payment plan that best suits their needs. As always, Affirm never charges any late or hidden fees.”
Pat Suh, SVP of Revenue at Affirm said:
“This partnership comes as demand for ‘Affirming’ apparel and accessories is higher than ever, with approximately 25% growth in these categories from October to December 2024. By partnering with StockX, we’re giving shoppers more of what they’re looking for at checkout – clear, flexible payment options with no late or hidden fees. This empowers them to shop responsibly and stay in control of their budget.”
To mark this launch, StockX and Affirm are offering “eligible customers an exclusive, limited-time offer.”
From March 10 to 17, shoppers can select Affirm at checkout “on the StockX website or app and see if they qualify for the Affirm 0% APR Drop, paying over three or six months interest-free.”
StockX joins Affirm’s global network of “over 337,000 merchant partners, including leading fashion brands like Canada Goose, Net-a-Porter, adidas, and many more.”
As noted in the update, StockX is Detroit-based technology leader focused on the large and “growing online market for sneakers, apparel, accessories, electronics, collectibles, trading cards.”
StockX’s platform connects buyers and sellers of “high-demand consumer goods from around the world using dynamic pricing mechanics.”
This approach affords access and market visibility powered “by real-time data that empowers buyers and sellers to determine and transact based on market value.”
The StockX platform features various brands “across verticals including Jordan Brand, adidas, Nike, Supreme, BAPE, Off-White, Louis Vuitton, Gucci; collectibles from brands including LEGO, KAWS, Bearbrick, and Pop Mart; and electronics from manufacturers Sony, Microsoft, Meta, and Apple.”
Launched in 2016, StockX says that it “employs 1,000 people across offices and verification centers around the world.”
Affirm’s mission is to “deliver honest financial products that improve lives.”
By building a new kind of payment network — one that is said to be based on trust, transparency, and putting people first — they aim to “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, they claim “to never charge any late or hidden fees.”