There are many things we want to buy, but we don’t always have the money to buy them. Positively, Amazon announced a collaboration with Affirm that would soon allow users to buy now and pay later option on their Amazon purchases. As more and more firms begin to embrace this approach. It should come as no surprise that Amazon has followed suit.
In a sense, Amazon is actually testing such a model at its Amazon Go grocery store. Where customers can take items off the shelves and out, and they refill them later.
With this new affirmation partnership, Amazon customers will be able to share their accounts in the future. This means that purchases of $50 or more can be divided into monthly affirm payments. When you leave you will have shown the final price of your purchase and this is the amount you have to pay so that there are no surprises later on. Amazon customers are appreciating this Amazon’s buy now and pay later option.
Of course, interest has charged because Affirm makes money with it. This number has expected to fluctuate between 0% and 30% April. Customers can also choose between 3 months and 48 months for the payment term.