Clearpay and Stripe partner for BNPL

Buy Now Pay Later (BNPL) firm Clearpay is partnering with Stripe, the payments infrastructure giant, to offer Stripe merchants flexible payments options.

The partnership intends to allow both new and existing Stripe merchants to easily offer Clearpay - giving their shoppers the opportunity to receive their items immediately and pay in four instalments, without the need to take out a traditional loan or pay upfront fees or interest.

Clearpay and Stripe are also extending the payment service to e-commerce platforms, with Squarespace— the website building platform—being the first platform to leverage the partnership and offer Clearpay to its customers.

By offering Clearpay, Squarespace enables merchants to build a fully integrated checkout experience, while maintaining the look and feel of their brand, the companies said.

Commenting on the tie up, Noah Pepper, Stripe's Business Lead for APAC said: “Stripe is delighted to partner with Clearpay to make it easy and fast for online businesses to offer their customers Buy Now, Pay Later. We've seen strong demand from users around the world for flexible payment options, and this partnership gives businesses on Stripe an effective tool for capturing more sales and reaching new customers.”

Millennial and Gen Z consumers are demonstrating a clear preference for flexible payment options that allow them to budget and spend responsibly,” said Ben Pressley, Clearpay’s SVP of Global Sales Strategy and Operations.

“By partnering with Stripe and Squarespace, we’re equipping retailers with the tools to meet this consumer demand - offering the younger generation a way to use their own money and pay over time, always free of interest.”

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