Affirm Expands Its Relationship with Stripe for Merchant Revenue Growth in Canada
The Executive Headlines
“Affirm, the BNPL company is extending its relationship with Stripe, the payments infrastructure. In the latest partnership, eligible Stripe users in Canada will access Adaptive Checkout of Affirm.”
Affirm, the BNPL company is extending its relationship with Stripe, the payments infrastructure. In the latest partnership, eligible Stripe users in Canada will access Adaptive Checkout of Affirm. BNPL stands for Buy Now Pay Later.
Also Read, Silicon Valley Bank Users Get New Payment Option with Tranch
Adaptive Checkout renders BNPL options to shoppers, including monthly payments, four interest-free biweekly installments, or both. The checkout tool enables merchants and platforms to add this pay-over-time option to their checkout experience in minutes.
Sophie Sakellariadis, Product Lead for Payment Methods at Stripe, said, “Stripe has been powering Canadian businesses since 2012 and our work with Affirm will help them continue to scale and adapt to changing consumer preferences. By adopting Affirm, we have seen Stripe users boost their average order value with flexible payment plans.”
Stripe users in Canada now can offer multiple payment options to their consumers that range from six weeks to 36 months for as low as 0% APR. As always Affirm does, consumers will not have to pay any hidden charges or late fees.
Customers who choose Affirm as a payment option during checkout go through a free, and quick soft credit check that does not affect their credit score.
Wayne Pommen, Chief Revenue Officer of Affirm, said, “Since launching in the U.S. with Stripe, we have helped many businesses better serve their customers and drive growth by providing transparent and flexible payment options. We are excited to expand our partnership and strengthen our position as one of the leading providers in Canada. By providing consumers with greater choice to select the custom payment plan that is right for them, Adaptive Checkout has been proven to increase sales and conversion and is now available to Stripe’s Canadian users.”