SAN FRANCISCO – (BUSINESS CHP) – Affirm (NASDAQ: AFRM), a payment network that enables consumers and helps retailers grow, and Stripe, a platform for financial infrastructure for businesses, has announced a strategic partnership that makes Affirm’s Adaptive Checkout accessible to consumers. Stripe in the US today. Adaptive Checkout uses Affirm’s intelligent decision-making mechanism to make real-time decisions and offer users optimized options for bi-weekly and monthly payments.
Now companies using Stripe can add this technology to their pay-per-minute experience. Eligible customers will then be able to use the Affirm to split purchase costs ranging from $ 50 to $ 30,000, with a maximum credit limit of $ 17,500. True to Affirm’s long-standing commitment to never charge late or hidden fees, customers will never owe more than they agreed in advance.
“Businesses that offer Affirm for payment have reported up to 85% higher average orders than other payment methods, and our new partnership provides a powerful engine for the growth of millions of businesses and platforms that use Stripe,” he said. Jeff Cote, ch. Revenue Officer at Affirm. “Stripe’s infrastructure, combined with Affirm’s personalized payment options and unsurpassed flexibility and transparency, provides tremendous value for companies looking to reach new customers, increase sales and drive growth.”
Companies that offer Affirm Adaptive Checkout see increased cart conversions, approvals, and sales compared to those that offer monthly payments through Affirm alone.
“We were able to integrate Affirm, test it and then put it into production in one day,” said Ignacio Flores, technical chief engineer at Orchard Mile. “More than 25% of purchases are paid for with Buy Now, pay later, and our conversion rate continues to improve as customers have more flexibility to buy the products they want.”
“Businesses need to move fast to keep up with changing consumer preferences,” said Sophie Sakelariadis, Stripe’s payment product manager. “For ten years, Affirm has been a powerful tool for businesses to reach new customers and stimulate growth. Stripe users can now start accepting Affirm payments in just minutes. ”
Interested Stripe users can learn more about offering Affirm to their customers here.
Affirm’s mission is to provide honest financial products that improve lives. By building a new type of payment network – based on trust, transparency and putting people first – we enable millions of consumers to spend and save responsibly and give thousands of businesses the tools to boost growth. Unlike most credit cards and other payment options over time, we show consumers exactly what they will pay in advance, never increase that amount, and never charge late or hidden fees. Follow Affirm on Social Media: LinkedIn | Instagram | Facebook | Twitter | TikTok.
Stripe is a financial infrastructure platform for business. Millions of companies – from the world’s largest companies to the world’s most ambitious startups – use Stripe to accept payments, increase revenue and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase online GDP.
Affirm payment options are eligible and provided by these credit partners: affirm.com/lenders. Residents of California: Loans from Affirm Loan Services, LLC are granted or settled under the California Finance Lender 60DBO-111681 license.