FinTech: Stripe To Offer Its Users Affirm’s Adaptive Checkout For BNPL

June 1, 2022 | FinTech, News

The two companies announced their strategic partnership on Tuesday.

Stripe and Affirm (NASDAQ: AFRM) have agreed that Affirm’s Adaptive Checkout™ would be made available to businesses using Stripe’s payments platform. These entities can now add the Adaptive Checkout technology to their own checkouts easily and quickly. (BusinessWire)

The Affirm Adaptive Checkout for BNPL

Affirm’s Adaptive Checkout relies on the company’s smart decision engine to make a credit decision in real time. Customers considered eligible would be offered an option to split the cost of purchases ranging from $50 to $30,000, with a maximum credit limit of $17,500.

Stripe businesses who build this tecnology into their checkout mechanism can expect to see increased cart conversion, approvals, and sales compared to those who offer monthly payments through Affirm alone.

“Businesses who offer Affirm at checkout have reported as much as 85% higher average order values compared to other payment methods, and our new partnership delivers a powerful growth engine to the millions of businesses and platforms that use Stripe,” said Geoff Kott, Chief Revenue Officer at Affirm, in a statement. “Stripe’s infrastructure, combined with Affirm’s customizable payment options and unrivaled flexibility and transparency, provides immense value for businesses looking to reach new customers, increase sales, and drive growth.”

“Businesses need to move quickly to keep up with changing consumer preferences,” said Sophie Sakellariadis, Payments Product Lead at Stripe. “For ten years, Affirm has been a powerful tool for businesses to reach new customers and drive growth. Stripe users can now get started accepting payments with Affirm in mere minutes.”

Related Story: Shipping And Logistics Giant Maersk Turns To Stripe For International Payments

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Digital Assets: Grayscale Protests SEC Rejection Of Spot Bitcoin ETF, Files Suit Against Regulator
June 30, 2022     Digital Assets, Latest News, News, Regulations

Grayscale Investments, the largest digital asset manager globally, has filed a suit against the SEC for rejecting its application to convert the Grayscale Bitcoin Trust into a spot bitcoin ETF….
Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology…
FinTech: Sam Bankman-Fried Of FTX Rejects Rumors He Is Acquiring Robinhood
June 30, 2022     Digital Assets, FinTech, News

FTX, the crypto platform owned by billionaire Sam Bankman-Fried, has scotched media reports that it was pursuing a deal to acquire commission-free trading app Robinhood (NASDAQ: HOOD). Bloomberg said Monday…
Alternative Investments/Digital: Amidst A Crypto Winter, 21Shares Launches The World’s Cheapest Physically Backed Bitcoin ETP

21Shares AG has launched a bitcoin ETP tailor-made for today’s crypto market, one that has been mauled by rampaging bears and gripped by a “crypto winter.” The 21Shares Bitcoin Core…