Affirm and Stripe Expand Partnership with In-Store BNPL Integration

Affirm, a payment network, has partnered with Stripe to offer buy-now-pay-later options to in-store shoppers through Stripe Terminal. This integration enables merchants to offer flexible payment options to customers directly at checkout. Affirm's transparent payment options can help merchants drive growth, increase sales, and reach new customers.

Affirm, a leading payment network, has recently partnered with Stripe to offer buy-now-pay-later (BNPL) options to in-store shoppers through Stripe Terminal. This integration enables U.S. and Canadian merchants to provide flexible payment solutions directly at checkout, significantly enhancing the shopping experience for consumers [1].

With over one million Stripe Terminal devices in operation, this partnership expands the reach of BNPL options to physical retail environments. The integration allows merchants to offer Affirm's transparent and flexible payment plans, which can range from 30 days to 60 months, supporting cart sizes from $35 to $30,000. Consumers can now choose to 'Pay with Affirm' by scanning a QR code and completing a quick eligibility check [1].

Wayne Pommen, Chief Revenue Officer at Affirm, expressed excitement about the deepened multi-year partnership with Stripe, emphasizing the potential for merchants to drive growth and meet customer demands for choice, transparency, and control at checkout [1]. John Affaki, Business Lead for Payments at Stripe, highlighted the benefits of adding BNPL options like Affirm to in-person sales, noting the potential for increased revenue that these options offer [1].

Affirm's mission is to provide honest financial products with no late or hidden fees, empowering consumers to spend and save responsibly. This integration with Stripe Terminal represents a substantial step in making BNPL options more accessible to shoppers, potentially boosting overall sales and average order values for merchants [1].

References:
[1] https://www.gurufocus.com/news/3058648/affirm-launches-on-stripe-terminal-unlocking-payovertime-for-instore-shoppers-afrm-stock-news