Affirm Expands Merchant Network Ahead of Final Holiday Shopping Push
03 December 2024 - 11:00PM
Business Wire
New partnerships with merchants including Agape
Diamonds, Ever/body, Garmin, and Living Spaces help shoppers use
flexible pay-over-time options, including 0% APR financing
Affirm (NASDAQ: AFRM), the payment network that empowers
consumers and helps merchants drive growth, today announced the
launch of new merchant partners just in time for the peak of
holiday shopping season. Eligible consumers in the US can now find
Affirm at checkout and pay over time at:
- Agape Diamonds for fine jewelry
- Discount Tires for auto repairs
- Ever/body for cosmetic dermatology treatments
- FullBeauty for size-inclusive fashion
- Garmin for electronics
- Hotels.com for travel
- Living Spaces for home upgrades
- Sweetwater for musical instruments and audio
equipment
These retailers are some of the latest to join Affirm's global
network of over 320,000 merchant partners, which has seen a more
than 20% increase year-over-year. In the US, Affirm is integrated
with over 60% of e-commerce, giving consumers a seamless checkout
experience across a broad range of merchants. Additionally,
consumers can access Affirm’s flexible payment options through the
Affirm Card, the Affirm App, and top digital wallets, offering them
access to Affirm anywhere they shop.
“Credit cards are being left behind like unwanted lumps of coal
as more consumers choose Affirm for its clear terms, lack of hidden
fees, and lack of late charges," said Vishal Kapoor, Affirm's SVP
of Product. "With the growing demand for smarter, more transparent
payment options, these new merchant partnerships are a direct
response – arriving just in time for the holiday shopping
season."
Kapoor continued, “During this past Black Friday Cyber Monday
weekend, we saw a 40% to 50% year-over-year increase in the
electronics and travel categories. While I'm no Santa, I do expect
these items to stay at the top of shoppers' gift lists as the
season comes to a close.”
This shift toward more flexible and transparent payment options
is echoed in market data. According to Forrester Research, a
leading research and advisory firm, the demand for buy now, pay
later (BNPL) services is growing rapidly. As noted in their US
Online Holiday Sales Forecast, they “expect this trend to boost
holiday sales as more shoppers use BNPL for both big-ticket and
everyday purchases.”
Affirm’s users are also embracing the benefits of paying over
time: “I love to Affirm my purchases and have been hoping to see
their payment option available at checkout in more of my
go-to-stores,” said Olivia Martinez, an Affirm consumer. “It helps
me better budget, especially when I need to buy a lot of things at
once. Plus, I go through their approval process each time, so when
I pay with Affirm, I know that I’m not overextending myself.”
When choosing Affirm at checkout, consumers will go through a
quick eligibility check. If approved, they can select from
customized biweekly or monthly payment plans, with 0% APR available
on eligible purchases. Affirm ensures complete
transparency—consumers are never charged late or hidden fees.
Consumers interested in shopping with Affirm today can visit
www.affirm.com or download the Affirm app from the Apple App Store
or Google Play Store.
About Affirm
Affirm’s mission is to deliver honest financial products that
improve lives. By building a new kind 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 fuel growth. Unlike most
credit cards and other pay-over-time options, we never charge any
late or hidden fees. Follow Affirm on social media: LinkedIn |
Instagram | Facebook | X.
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders. CA
residents: Loans by Affirm Loan Services, LLC are made or arranged
pursuant to California Finance Lender license 60DBO-111681.
AFRM-F
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