SAN FRANCISCO-(BUSINESS VIRE) - Affirm (NASDAQ: AFRM), a payment network that empowers consumers and helps retailers drive growth, and Stripe, a financial infrastructure platform for businesses, has announced a strategic partnership that makes Affirm’s Adaptive Checkout ™ available to Stripe users in the US today. Adaptive Checkout uses Affirm’s smart decision-making mechanism to make a real-time warranty takeover decision and offer consumers optimized two-week and monthly payment options in parallel.
Now, businesses using Stripe can add this technology to their payment experience in minutes. Eligible customers will then have the option to use the Affirm to share 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.
“Companies that offer Affirm when paying reported as much as 85% higher average order values compared to other payment methods, and our new partnership provides a powerful engine of growth to millions of companies and platforms that use Stripe,” said Jeff Kot, Chief Revenue Officer. Affirm. “Stripe’s infrastructure, combined with Affirm’s flexible payment options and unparalleled flexibility and transparency, provides tremendous value for businesses looking to reach new customers, increase sales and drive growth.”
Companies that offer Affirm’s Adaptive Checkout see increased cart conversion, approvals and sales compared to those that offer monthly payments only through Affirm.
“We were able to integrate Afirm, test and then start production within a day,” said Ignacio Flores, technically leading 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 Sakellariadis, Stripe’s product manager. “For ten years, Affirm has been a powerful tool for businesses to reach new customers and drive growth. Stripe users can now start accepting Affirm payments in minutes. ”
Interested Stripe users can find out more about the Affirm offer to their customers here.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new type of payment network - one based on trust, transparency and putting people first - we empower 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 Networks: LinkedIn | Instagram | Facebook | Twitter | TikTok.
AFRM-F
About Stripe
Stripe is a financial infrastructure platform for businesses. Millions of companies - from the world’s largest companies to the most ambitious startups - use Strip to accept payments, increase their revenue and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase Internet GDP.
Affirm payment options are eligible and are provided by these lending partners: affirm.com/lenders. CA Residents: Loans by Affirm Loan Services, LLC are granted or negotiated under the California Financial Lender License 60DBO-111681.