Affirm will exclusively power Shopify’s Shop Pay Installments in the United States
Eligible merchants will be able to seamlessly offer pay-over-time option to customers at check out.
avatar
Staff or Guest writer for The Dog of Wall Street.
2020-07-22 18:50

Affirm, a more transparent, flexible alternative to credit cards, announced it will exclusively power Shopify’s Shop Pay Installments in the United States. Starting later this year, Affirm’s buy now, pay later financing solution will be made available to eligible Shopify merchants in the U.S. who want to offer this flexible payment option to their customers. At checkout, approved Shop Pay customers will be able to split their total purchase amount into four equal, bi-weekly, interest-free payments. True to Affirm’s long-standing commitment to never charge late or hidden fees, customers will not be charged any additional fees.

“It’s critical for businesses to make it easy for their customers to buy from them. Shop Pay Installments helps our merchants offer their customers more payment choice and flexibility, while delivering a seamless checkout experience to boost conversion and overall sales,” said Kaz Nejatian, VP and GM of Shopify’s Financial Solutions Team. “We’re looking forward to partnering with Affirm to bring this powerful pay-over-time payment option to our merchants and their customers in the U.S., unlocking their ability to succeed and grow their businesses.”

Affirm and Shopify will begin testing in the coming months, with Shop Pay Installments expected to be made available to eligible U.S. merchants starting later this year. 

Shopify has been an amazing investing during the pandemic. The stock is up 140% year to date!


Disclaimer: Writer has no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Published On
2020-07-22 18:50

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.

Analyst Ratings
Target Price $1134.26
# of Analysts 28
Last updated 2020-11-28


3 Stocks That Need to Split
In commemoration of NVIDIA’s (NASDAQ:NVDA) recent 4 for 1 stock split, it’s time to scan the markets for some other candidates.
By Mike Sakuraba | 4 days ago

3 Stocks to Watch on the Way Down
These corrections provide investors with incredible opportunities to buy stocks at discounted prices.
By Mike Sakuraba | 4 months ago

Analyzing Shopify's Q2 earnings
The company reported a revenue of $714.3 million which was 97% up from last year's Q2 report.
By Calistus David | 11 months ago

Revisiting China: the recent government crackdowns
Back in April, I wondered if China stocks were untouchable given the current climate where AliBaba (NYSE:BABA) founder Jack Ma went missing from the public eye.
By Mike Sakuraba | 1 day ago

2 FinTwit Stocks I'm Bearish On
If you have ready my past articles, you know I generally like to write about companies I am bullish on.
By Mike Sakuraba | 2 days ago

2 Stocks that could 10X in 10 years
If you are a growth investor, there is nothing more tantalizing than finding a company that could potentially grow by ten times or more in the future.
By Mike Sakuraba | 3 days ago