Amazon is partnering with Affirm to offer its customers the option to buy now, pay later.
Buy now, pay later is becoming an increasingly popular option, even in e-commerce. Square recently inked a deal to purchase Afterpay Limited in an effort to offer buy now, pay later.
Amazon is now getting in on the action, partnering with Affirm to offers its customers the convenience.
As a result of Amazon and Affirm’s partnership, select 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 customers are shown the total cost of their purchase upfront and will never pay more than what they agree to at checkout. As always, when choosing Affirm, consumers will not be charged any late or hidden fees.
The two companies are testing the service with select customers, but intend on bringing it to Amazon’s wider customer base as soon as possible.
“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.,” said Eric Morse, Senior Vice President of Sales at Affirm. “Offering Affirm’s alternative to credit cards also delivers more of the payment choice and flexibility consumers on Amazon want.”