Press release
Amazon Pay Adds Affirm, Providing Customers and Merchants with Another Flexible Payment Option
Amazon Pay merchants can now offer Affirm’s flexible and transparent pay-over-time options to their customers at checkout SAN FRANCISCO--(BUSINESS WIRE)--
About this update from Affirm Holdings, Inc.
[{"type":"text","content":"\nAmazon Pay merchants can now offer Affirm’s flexible and transparent pay-over-time options to their customers at checkout\n\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nAmazon and Affirm (NASDAQ: AFRM), announced today that eligible U.S. merchants offering Amazon Pay can now seamlessly add Affirm’s Adaptive Checkout™ as a payment option at checkout. This brings Affirm’s pay-over-time technology, used by millions of customers on Amazon.com and the Amazon mobile app, to Amazon Pay’s simple and secure payment solution.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005260/en/(Graphic: Business Wire)\n“We know customers want convenient and flexible payment options—whether they’re checking out on Amazon.com or using Amazon Pay,” said Omar Soudodi, director of Amazon Pay. “With Affirm on Amazon Pay, merchants can offer a pay-over-time option to their existing customers and have another way to reach new customers.”\n\n\nAmazon Pay merchants, including Casper, USA Berkey Filters, and UltraSabers, have already integrated Affirm’s Adaptive Checkout within Amazon Pay, and they anticipate increases in overall sales and conversion while reaching new customers. Offering Affirm at checkout can drive overall sales — merchants using Affirm have reported 60% higher average order values when compared to other payment methods. It can also increase customer loyalty, as approximately 88% of Affirm purchases are from repeat Affirm users.\n\n\n“Digital wallets are an increasingly critical part of the shopping experience and are expected to account for over half of e-commerce transactions worldwide by 2025,” said Libor Michalek, President of Affirm. “In addition, customers want more choice and flexibility when paying online. By integrating Affirm's Adaptive Checkout, thousands of merchants can offer their customers personalized payment options and increased spending power through Amazon Pay's convenient and secure checkout experience.”\n\n\nAffirm’s Adaptive Checkout offers bi-weekly and monthly pay-over-time options side-by-side at checkout. Customers who click the Amazon Pay button on a participating retailer’s site at checkout can select Affirm as their payment method, and go through a quick, real-time approval process with no added cost and no impact to their credit score. Once approv...