Affirm partners with Stripe to expand offering of buy now, pay later services

31/5/2022 4:21:00 PM

Affirm partners with Stripe to expand offering of buy now, pay later services

Affirm partners with Stripe to expand offering of buy now, pay later services

Affirm Holdings Inc is partnering with digital payments processor Stripe Inc to offer buy now, pay later services to Stripe users in the United States. Through the venture, Stripe merchants will be able to use Affirm’s adaptive checkout service, which allows customers to split purchases of up to $30,000

Affirm Holdings Inc is partnering with digital payments processor Stripe Inc to offer buy now, pay later services to Stripe users in the United States.Through the venture, Stripe merchants will be able to use Affirm’s adaptive checkout service, which allows customers to split purchases of up to $30,000 into installments, with a maximum credit limit of $17,500.

San Francisco-based Affirm has previously leveraged similar partnerships with Amazon.com Inc and Shopify ."Stripe is just one of many fresh partnerships that we have signed, although probably one of the more exciting ones just because of how great the product is and just how large their reach really is," said Max Levchin, Affirm co-founder and chief executive officer, in an interview.

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Through the venture, Stripe merchants will be able to use Affirm’s adaptive checkout service, which allows customers to split purchases of up to $30,000 into installments, with a maximum credit limit of $17,500. San Francisco-based Affirm has previously leveraged similar partnerships with Amazon. Koshy was present in court and was represented by Mr Johannes Hadi.com Inc and Shopify . Apple . "Stripe is just one of many fresh partnerships that we have signed, although probably one of the more exciting ones just because of how great the product is and just how large their reach really is," said Max Levchin, Affirm co-founder and chief executive officer, in an interview. Accusations against him first made the headlines in 2020. Sophie Sakellariadis, payments product lead at Stripe, said in a press release that Stripe merchants can set up payments with Affirm in"mere minutes. At Futu SG, we champion people-centricity and have been actively interacting with different market segments to understand their pain points to create products that will facilitate their trading journeys,” Mr Chia said.

" BNPL firms like Affirm earn from charging merchants a fee to offer their customers small, point-of-sale loans which are paid back in interest-free installments. He currently has 359,000 followers.S. Affirm says that businesses that use their adaptive checkout service experience increased sales and cart conversions. Earlier in May, Affirm reported that its third-quarter revenue surged 54 per cent, surpassing the company's estimates, as it benefited from higher interest income and loan sale volumes as well as a surge in users. Several other firms Koshy had previously worked with, including Huawei, foodpanda and Lenovo, had saidtheir engagements with him had ended. Affirm said active merchants on its platform grew to 207,000 from 12,000 last year, while active consumers increased 137 per cent to 12. 3.7 million. For each count of offering cash to a youngster below 18 in exchange for sexual services, he could have been jailed for up to two years and fined. “The data gleaned by our business insights team reflects an emerging trend among Singaporean investors over the past year.

Source: Reuters .