Amazon will soon let you buy now, pay later

Date:
Mon, 30 Aug 2021 19:04:29 +0000

Description:
New partnership with Affirm will bring pay-over-time option to checkout on Amazon's ecommerce platform.

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Amazon customers will soon be able to buy now and pay for products later as the ecommerce giant has announced a new partnership with the payment network Affirm .

Buy now, pay later services have become increasingly popular among consumers due to the fact that they allow them to spread payments for products over a period of time via installments. In addition to Affirm, other key players in the growing space include Klarna and Afterpay . We've built a list of the
best ecommerce platforms available These are the best money transfer apps on the market Also check out our roundup of the best shopping cart software

As part of their new partnership, Amazon and Affirm are now in the process of making the payment network's service available to select customers though in the coming months, Amazon plans to to make it more broadly available. Buy
now, pay later without hidden fees

Although consumers have been able to buy products and pay for them later
using credit cards since the 1950s, late charges and other hidden fees often apply. Affirm on the other hand doesn't charge consumers any late or hidden fees.

Select Amazon customers will soon have the option to split the total cost of purchases of $50 or more into simple monthly payments using Affirm. Customers that are approved to use the service will see the total cost of their
purchase upfront and will never pay more than what they agree to at checkout.

SVP of Sales at Affirm, Eric Morse provided further insight on the company's new partnership with Amazon in a press release , saying:

By partnering with Amazon were bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop
on Amazon.com in the US. Offering Affirms alternative to credit cards also delivers more of the payment choice and flexibility consumers on Amazon want. We've also featured the best payment gateways



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Link to news story: https://www.techradar.com/news/amazon-will-soon-let-you-buy-now-pay-later/


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