The company’s expanded partnership with Amazon comes as small- to medium-sized businesses (SMBs) are seeking new avenues of funding as traditional sources of financing dry up. “For example, a $200 purchase at 15% APR would cost a customer $34.81 for six months, totaling $208.84,” the release said.Īffirm first launched on Amazon’s website and mobile app in 2021, and became a payment option on Amazon Pay earlier this year. The partnership marks the debut of Affirm’s B2B pay-over-time solution for sole proprietors, per the release.Īfter picking Affirm at checkout on Amazon Business and entering some information, small business owners will receive an instant credit decision and can choose from pay-over-time installments of three to 48 months if approved, according to the release. The technology, ease of integration and ability to support a broad range of transactions - especially as Affirm is already used by millions of Amazon customers today - make this a natural extension of our larger partnership.” “Integrating Affirm as a payment option helps us do just that, while providing more flexibility and convenience to our customers. “We’re constantly striving to make Amazon Business the best place for small businesses to fulfill their buying needs,” Todd Heimes, director of Amazon Business Worldwide, said in the release. It will be available at checkout to all eligible Amazon Business sole proprietor customers by Black Friday, according to a Thursday news release. 2) to eligible sole proprietor businesses. Amazon Business is offering buy now, pay later (BNPL) services in collaboration with Affirm.Īmazon Business started rolling out Affirm Thursday (Nov.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |