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

June 1, 2022 | FinTech, News
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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

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