Amazon launches BNPL service with Affirm

E-commerce giant Amazon has launched a new Buy Now, Pay Later (BNPL) service with Affirm.

The flexible payment option will soon be available to Amazon.com customers at checkout.

Amazon and Affirm are currently testing with select customers in the US and expect to roll out the service to more customers in the coming months.

Customers in the trial will have the option to split the total cost of purchases of $50 or more into monthly payments.

Approved customers are shown the total cost of their purchase upfront.

Affirm said that users will never pay more than what they agree to at checkout.

“By partnering with Amazon we’re bringing the transparency, predictability and affordability that Affirm provides today to the millions of people who shop on Amazon.com in the US,” said Eric Morse, senior vice president of sales at Affirm. “Offering Affirm’s alternative to credit cards also delivers more of the payment choice and flexibility consumers on Amazon want.”

Earlier this month a new study found that UK-based sellers on Amazon are making over £2.5 billion a month.

UK-based sellers are making over £2.5 billion a month selling goods on Amazon, according to a new study.

An analysis revealed that 13,483 sellers operate in the UK, making almost £2.5 billion a month in sales - equivalent to 5.5 per cent of the entire UK retail (including fuel sales) sector’s turnover in June.

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