What is Affirm?
Affirm is a financial technology company that provides loans to consumers at the point of sale. It offers loans with transparent, fixed fees and rates, and allows consumers to pay off their purchases over time.
How does it work?
Customers can complete a loan application at the time of purchase. If the application is approved, the customer can use Affirm to finance their purchase, and then repay the loan according to the terms of the loan.
There are two different types of service:
- Pay in 4 up to $249.99. Pay every 2 weeks - 4 interest-free payments;
- Installments up to 36 months.
Who can use Affirm and what is the minimum transaction?
At the moment, Affirm is only available to customers with a U.S. billing address with a minimum transaction of $50 USD.
More questions?
You can always contact us here.