Affirm vs Afterpay
Side-by-side comparison
| Affirm | Afterpay | |
|---|---|---|
| Product | Affirm | Afterpay (Buy Now, Pay Later Service) |
| Category | Payment Processing | Payment Processing |
| What it does | Offer flexible payments to customers, boost sales, and get paid upfront. | Offer customers interest-free installments, while you get paid upfront. |
| Pricing model | Usage-Based | Merchant fees (typically a percentage per transaction) |
| Starting price | ~6% + $0.30/transaction | — |
| Free trial | No | No |
| Target company size | SMB, Mid-Market, Enterprise | SMB, Mid-Market, Enterprise |
| Deployment | Cloud/SaaS | SaaS |
| Integrations | Shopify, WooCommerce, BigCommerce, Salesforce Commerce Cloud | Shopify, Magento, WooCommerce, e-commerce platforms, POS systems, payment gateways, terminal APIs |
| API available | Yes | Yes |
| Certifications | PCI DSS | — |
About Affirm
Affirm is a leading Buy Now, Pay Later (BNPL) platform that empowers consumers to pay for purchases over time with transparent, flexible payment options, including interest-free installments. It serves merchants of all sizes, enabling them to increase average order value, conversion rates, and customer loyalty by removing price as a barrier. Affirm differentiates itself through its advanced AI/ML-
Use cases: Increasing average order value and conversion rates for online and in-store merchants., Providing flexible, transparent payment options for consumers for high-ticket purchases., Improving customer loyalty and repeat purchases through a positive payment experience., Managing merchant cash flow by receiving full payment upfront while Affirm handles consumer installments., Mitigating credit and fraud risk for merchants by Affirm assuming the risk.
About Afterpay (Buy Now, Pay Later Service)
Afterpay provides a 'Buy Now, Pay Later' (BNPL) service that allows customers to pay for purchases in four interest-free installments over time. For merchants, Afterpay ensures they receive the full payment upfront, mitigating risk and improving cash flow. This solution is designed to help retailers increase sales, boost average order value, and acquire new customers by making purchases more acces
Use cases: Increase sales and conversion rates by offering flexible, interest-free payment options to customers., Boost average order value (AOV) as customers are more likely to make larger purchases when they can pay in installments., Acquire new customers who prefer or require flexible payment solutions, expanding the merchant's customer base., Improve customer loyalty and repeat purchases by providing a convenient and positive payment experience., Streamline payment processing for merchants by handling installment collection and associated financial risks.
Full Afterpay (Buy Now, Pay Later Service) blueprint · Afterpay company profile