Worldpay & Affirm partner to expand Pay-Over-Time solutions for Merchants
By Delisha Fernandes
Affirm, a payment network that empowers consumers and helps merchants drive growth, announced a multi-year partnership with Worldpay from FIS to make Affirm’s Adaptive Checkout available to all eligible Worldpay merchants.
“Consumers are demanding more flexible and transparent options that enable them to pay over time without any junk fees or hidden charges,” said Becca Stone, Vice President of Strategic Partnerships at Affirm. “By partnering with Worldpay, we are excited to expand the reach of our honest financial products. We look forward to supporting Worldpay’s merchants to drive growth and better serve their customers by providing customisable payment plans to help consumers make their money further.”
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. Eligible customers can split their purchases into bi-weekly or monthly payments if approved. Even if they’re late or miss a payment, a customer’s total payment amount will not increase as Affirm does not charge late or hidden fees.
“It’s becoming increasingly important for merchants to provide pay-over-time payment solutions with consumer demand continuing to grow,” said Jim Johnson, Head of Merchant Solutions at FIS.
“We are thrilled to partner with an industry leader like Affirm, whose innovative solutions will help us to provide our merchants’ shoppers with the best payment experience possible. By integrating Affirm’s products at Checkout our merchants will be best placed to capture new sales opportunities and revenue streams, helping them continue to grow into the future.”
Worldpay enables merchants of all sizes to take, make and manage payments across channels, geographies and industries. Over one million merchants globally trust Worldpay solutions to power their in-store, online and mobile transactions, fight fraud, optimise authentication and tap into value-added services that boost commerce.