Affirm Now Integrated with Stripe Terminal, Enabling In-Store Installment Payments
The payments network that empowers consumers to buy what they want and helps fuel merchant growth, and Stripe, the programmable financial services company, have expanded their partnership by launching the first buy now, pay later (BNPL) integration on Stripe Terminal. With this integration, merchants in the U.S. and Canada can now offer Affirm’s flexible and seamless payment options to consumers in-store, directly through Stripe Terminal, which has more than one million devices in operation.
We’re excited to expand our multi-year partnership with Stripe and bring Affirm to more shoppers through Stripe’s in-person checkout solution,” said Wayne Pommen, chief revenue officer at Affirm. “More than 80% of retail spending still occurs in-store, so offering Affirm through Stripe Terminal is a powerful way to help merchants drive growth and meet consumer expectations by providing more choice, transparency, and control at checkout.
We know that offering a BNPL solution like Affirm can increase online revenue. There’s no reason this impact should be limited to the internet,” said John Affaki, Head of Payments at Stripe. “We’re excited that our customers can now accept Affirm in-store using Stripe Terminal devices.
When checking out on Stripe Terminal at participating retail locations, consumers can select the “Pay with Affirm” option. They then simply scan a QR code and complete a quick eligibility check. If approved, they can choose from a range of customized payment options, from 30 days to 60 months, for basket amounts ranging from $35 to $30,000. Affirm only approves amounts it deems reasonable for each consumer to repay, and never charges late fees or hidden charges.
Offering Affirm at checkout helps merchants increase overall sales, raise average order value, and reach new customers. To learn more about enabling Affirm on Stripe Terminal, merchants can visit Stripe’s documentation.
About Affirm
Affirm’s mission is to provide honest financial products that improve lives. By building a new kind of payments network—one based on trust and transparency and putting people first—we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools they need to grow. Unlike most credit card companies and other installment payment options, we never charge late fees or hidden charges.
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Rates ranging from 0% to 36% APR. For example, a $625 purchase could result in monthly payments of $56.41 over 12 months at a 15% APR. Payment options offered by Affirm are subject to eligibility verification and are offered by these lenders: affirm.com/lenders . Terms depend on the purchase amount, and a down payment may be required. For California residents: Loans are made by Affirm Loan Services, LLC pursuant to a California finance lender license. Visit affirm.com/licenses to see all licenses and disclosures.
