Affirm and Stripe partner for merchant revenue growth in Canada

By Gloria Methri

Buy now, pay later (BNPL) company Affirm is expanding its relationship with payments infrastructure company Stripe this week. Under the agreement, Affirm will make its Adaptive Checkout available to all eligible Stripe users in Canada.

The checkout tool offers shoppers BNPL options, including four interest-free biweekly installments, monthly payments, or both. It allows merchants and platforms to add this pay-over-time option to their checkout experience in minutes.

“Stripe has been powering Canadian businesses since 2012 and our work with Affirm will help them continue to scale and adapt to changing consumer preferences,” said Sophie Sakellariadis, Product Lead for Payment Methods at Stripe. “By adopting Affirm, we have seen Stripe users boost their average order value with flexible payment plans.”

“Since launching in the U.S. with Stripe, we have helped many businesses better serve their customers and drive growth by providing transparent and flexible payment options,” said Wayne Pommen, Chief Revenue Officer of Affirm.

“We are excited to expand our partnership and strengthen our position as one of the leading providers in Canada. By providing consumers with greater choice to select the custom payment plan that is right for them, Adaptive Checkout has been proven to increase sales and conversion and is now available to Stripe’s Canadian users.”

Canadian Stripe users now can offer a variety of payment options to their customers that range from six weeks to 36 months for as low as 0% APR. As always with Affirm, consumers will not be subject to any late fees or hidden charges. Consumers who select Affirm as a payment option during checkout go through a quick, free soft credit check that does not impact their credit score.

Stripe joins over 240,000 merchants and platforms offering Affirm’s flexible and transparent payment options, including integrated partnerships in Canada with Apple, Hudson’s Bay, Browns Shoes, and Samsung.