Global retail giant Amazon has partnered with buy now, pay later (BNPL) company Affirm to provide its US customers with a BNPL option at the checkout.
Following the agreement, Affirm’s flexible payment solution will soon be available to Amazon customers at the checkout stage. The two firms are testing the idea with select customers now before it is launched commercially.
According to Affirm, the partnership will enable Amazon customers to split the total cost of purchases of $50 or more into monthly payments through the Affirm service. Customers who are approved will be shown the total cost of their purchase upfront and will not be required to pay more than what they agree to at the checkout.
Customers will also not be charged any late or hidden fees through the Affirm service.
Affirm SVP of sales Eric Morse said, “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 US.”
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