Amazon to offer Buy Now, Pay Later option through Affirm

Monday 30 August 2021 12:02 CET | News

Amazon has announced teaming with US-based payments company Affirm to offer online shoppers a Buy Now, Pay Later option that does not involve credit cards.

With the service, Amazon customers can split the total cost of purchases of USD 50 or more into monthly payments and are told the total cost of the transaction up front. Affirm said there are no late fees. Affirm said the two companies are testing the service with a group of customers and that it will be more broadly available in the coming months.

As USA Today explains, instalment plans are popular with retailers because they encourage customers to spend more money. And they enable customers with insufficient funds or credit at the time of purchase to walk out of a store – or check out online – with the item they want.

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Keywords: Amazon, Affirm, partnership, ecommerce, BNPL
Categories: Payments & Commerce | Ecommerce
Countries: United States
This article is part of category

Payments & Commerce