Amazon Business is partnering with Affirm to offer the latter’s Buy Now, Pay Later (BNPL) services to the company’s setup on its platform.
Firm’s will now be able to tap into BNPL payment methods at the point of checkout. The service will initially be rolled out to eligible proprietor businesses and will become available to all customers on Black Friday in late November.
Affirm will debut its B2B pay-over-time solution on Amazon through the partnership, allowing companies to receive instant credit decisions through instalment of three separate payments up to a 48 month period.
Todd Heimes, Director of Amazon Business Worldwide, commented: “We’re constantly striving to make Amazon Business the best place for small businesses to fulfil their buying needs.
“Integrating Affirm as a payment option helps us do just that, while providing more flexibility and convenience to our customers.
“The technology, ease of integration and ability to support a broad range of transactions — especially as Affirm is already used by millions of Amazon customers today — make this a natural extension of our larger partnership.”
The latest move into BNPL allows Amazon to offer more flexible payment options for small and medium sized enterprises (SMEs) during a time of economic strife.
Amazon and Affirm first began working together with the BNPL platform launching on the e-commerce giant’s website and mobile app in 2021, as well as a payment option on Amazon Pay later.
US merchants gained access to Affirm’s BNPL services via Amazon Pay in June through an extension of the partnership.
Omar Soudodi, Director of Amazon Pay, commented at the time: “We know customers want convenient and flexible payment options—whether they’re checking out on Amazon.com or using Amazon Pay.
“With Affirm on Amazon Pay, merchants can offer a pay-over-time option to their existing customers and have another way to reach new customers.
The latest move into BNPL allows Amazon to offer more flexible payment options for small and medium sized enterprises (SMEs) during a time of economic strife.
