Affirm Installments
Offer customers flexible payment plans with transparent terms and no late fees.
Executive Summary
Affirm Installments allows merchants to offer their customers flexible payment options for purchases, enabling them to pay over several months rather than upfront. This solution helps businesses increase sales, average order value, and customer conversion by making larger purchases more accessible. Affirm emphasizes transparency with upfront interest disclosure and a strict no late fees policy, promoting responsible credit access. Merchants can integrate Affirm through various methods, including direct API integrations for full customization or platform integrations with popular e-commerce platforms. The system supports dynamic promotional messaging, prequalification, and a seamless checkout experience, both online and in-store. This flexibility makes Affirm a powerful tool for businesses looking to enhance their payment offerings and attract a broader customer base.
Use Cases
- Allowing customers to finance large purchases (e.g., furniture, electronics)
- Increasing average order value for merchants
- Improving customer conversion rates by offering flexible payment options
- Providing transparent, no-late-fee payment solutions for consumers
- Integrating flexible payment options into e-commerce checkouts
Features
Visibility
- Dynamic Promotional Messaging: Add customized promotional messages and educational modals to your site using the Promos API.
- Prequalification Integration: Integrate prequalification options to allow customers to see their spending power upfront without impacting their credit score.
Intelligence
- Instant Credit Decisioning: Provides instant credit decisions for customers applying for installment plans at the point of sale.
Technical Specifications
- Architecture
- Affirm offers a Direct API integration model, allowing merchants to embed its checkout flow directly into their web, mobile, or in-store platforms. It also provides easy-to-install platform integrations for popular e-commerce systems.
- Deployment
- SaaS
- API Available
- Yes
Pricing
- Starting Price
- Contact sales
- Target Customer
- SMB,Mid-Market
About Affirm
Affirm is a financial technology company that provides buy now, pay later (BNPL) services to consumers, enabling them to make purchases with flexible payment options. It also offers solutions to businesses to help them increase average order value, maximize conversion, and build customer loyalty.