Affirm How It Works | Buy Now Pay Later App

How does the buy now pay later app Affirm work? Buy now pay later (BNPL) provider Affirm allows eligible shoppers to buy now and pay later with no interest on short term loans, no credit checks, and no fees when they pay on time. The service is available at thousands of retailers around the world through the affirm app. Shoppers who make purchases with affirm can choose to have their payments split into four instalments with an initial down payment against the purchase, then you have a six-week period to make your remaining payments or choose to pay monthly over 12 months. Affirm doesn’t specify a minimum required purchase amount. However, you may be subject to purchase requirements set by the retailer you’re buying from. To use the service online, you choose Affirm as your payment method at checkout. You can create an Affirm account instantly to make your first payment and complete the checkout process. After you check out, the items that you ordered will be shipped to you by the retailer. To use Affirm in physical stores, you need to download the Affirm app and create an account, then tap the “Card” tab in the app. This allows you to create a digital Affirm card that you can add to Apple Pay or Google Pay. You can then use mobile wallet app to make your purchase. After you make a purchase, you can log into the Affirm app to see when your next payment is due and in what amount. You can pay Affirm using a debit or credit card, either manually through the Affirm app or by setting up automatic payments. Affirm generally offers 0% interest financing, but there is a chance that you may have to pay a higher rate. Depending on your credit and eligibility, your annual percentage rate (APR) can end up being 0%, or 10% to 30%. A down payment may also be required for some purchases. You can use Affirm in-store with the Affirm virtual card. When you’re approved for BNPL with Affirm, you can choose to have the amount loaded onto a virtual Visa card that works just like a credit or debit card for making purchases. To use your card in-store, you can access it from the Affirm app or link it to Apple Pay or Google Pay. #Affirm #AffirmCard #buynowpaylater #bnpl #creditcard #debt #bussiness *None of this material is meant to be construed as finance or investment advice, it's for education purposes only. The video is accurate as of the posting date but may not be accurate in the future. *