Amazon customers will soon have another payment option at checkout.
Affirm, a payment provider that says buy now, pay later that allows customers to pay for purchases in installments, said on Friday it had struck a deal with the online retail giant.
Affirm said Amazon customers could use its service for purchases of $ 50 or more – including items such as furniture, housewares, electronics and fashion – and pay in monthly installments. Once approved, customers will be able to see the total purchase price up front – and they won’t be charged any late or hidden fees, the company said.
The service is currently being tested with selected customers, Affirm said, and will be more widely available to buyers in the coming months. Certain purchases, including those from Whole Foods Market, Amazon Fresh, and some digital purchases like movies and books, will not be eligible, according to Affirm.
“Amazon is always looking to add flexible payment options,” an Amazon spokesperson said, “and Affirm is doing it by offering seamless payment over time solutions that customers can choose based on their needs. ”