Amazon partners with Affirm on UK instalment payments
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Amazon has partnered with Affirm to offer UK customers instalment payment options at checkout on Amazon.co.uk. According to the official press release, the service will be rolled out progressively to eligible customers on Amazon.co.uk over the coming weeks and will cover millions of products across most categories. Customers who select Affirm at checkout apply for financing and receive an instant eligibility decision. Approved customers can choose between two plans. The first, '0% Pay-in-3', divides the purchase amount into three interest-free monthly payments. The second is a longer-term, interest-bearing plan with a fixed representative APR of 22%, available for terms of up to 48 months. Both options require a minimum basket value of GBP 50. According to the companies, neither plan carries late or hidden fees, and there are no penalties for early repayment. Monthly instalments can be paid manually or through automatic debits from a bank account or debit card. Customers manage their plans through the Affirm app or website, where they can make additional payments or settle the outstanding balance at any time. Affirm financing applies across most product categories on Amazon.co.uk. Excluded items include gift cards, grocery products, out-of-stock items, and certain digital content, such as music, videos, Kindle books, apps, and game downloads. Amazon has stated that its...
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