Payment network Affirm (NASDAQ:AFRM) today announced an expanded partnership with Worldpay, a global payment services provider. The new deal will integrate Affirm into the company’s integrated payments offering for software platforms.
Worldpay for Platforms provides integrated payments for more than 1,000 SaaS companies and in the last 12 months has processed more than $400 billion in payment volume and $4.6 billion in transactions. With this integration, platforms will now be able to offer Affirm as a payment method to their merchants, providing eligible end customers with more flexible and transparent payment methods.
“Together with Worldpay, we’re making it easier than ever for businesses to offer flexible, transparent payment options at checkout,” said Wayne Pommen, Affirm’s Chief Revenue Officer. “Through this expanded partnership, we can deliver Affirm to more platforms, more merchants and, ultimately, more consumers — while eliminating friction every step of the way.”
“By making it easier to offer Affirm at checkout, we’re helping our software partners become the go-to platform for their users while enhancing the customer experience,” said Matt Downs, President of Worldpay for Platforms. “We are focused on giving software platforms and their merchants the best tools to grow. Affirm’s proven ability to deliver results for businesses and great experiences for consumers makes them an ideal BNPL partner for Worldpay for Platforms.”
With Affirm, approved consumers can split their purchases into bi-weekly or monthly financial payments, with rates starting at 0% APR. Plans range from 30 days to 60 months and support basket sizes from $35 to $30,000. Confirm that he only approves clients he believes can and will repay and has never charged a dime in late or hidden fees.