Verifone and Affirm team up to provide more flexibility
ATLANTA and SAN FRANCISCO, Jan. 18, 2022 (GLOBE NEWSWIRE) — Verifone, a global leader in fintech and payment solutions provider for the world’s best-known retail brands, and Affirm, the payment network which empowers consumers and helps merchants drive growth, today announced a new partnership that will make Affirm’s seamless and flexible payment options widely available on Verifone’s e-commerce and card payment solutions. The partnership will allow merchants to offer their customers the ability to pay at their own pace using Affirm online and in-store, reinforcing Verifone’s commitment to staying ahead of market trends and meeting merchants’ needs. and consumers in an ever-changing payment space. Merchants will be able to offer Affirm’s full range of payment options, including bi-weekly and monthly payments with an annual interest rate as low as 0%.
“We anticipate that the buy-it-now, pay-later (BNPL) market will continue to experience rapid growth as more consumers use and gain confidence in their preferred wallets, and merchants expand their acceptance of payment to meet consumer demand,” said Jeremy Belostock, manager. advanced payment methods at Verifone. “Verifone is thrilled to partner with one of the undisputed leaders in payment over time. Adding Affirm to our existing portfolio of peer-to-peer offerings, cryptocurrency, international payment apps and BNPL advanced payment methods offerings gives Verifone merchants another tool to drive growth and attract new consumers, and the offer complements our wide range of end-to-end offerings. final solutions that revolutionize and streamline the purchasing process.
“Partnering with Verifone advances Affirm’s goal of becoming ubiquitous by providing the opportunity to significantly expand our reach,” said Geoff Kott, chief revenue officer of Affirm. “Consumers are demanding more flexible and transparent payment options wherever they choose to shop, both online and in-store. In fact, the last Affirm Consumer Spending Report revealed that nearly 50% of consumers will only complete a transaction if a retailer offers an installment payment option at checkout. We look forward to supporting Verifone’s wide range of merchants, from large omnichannel enterprises to SMBs, and enabling superior experiences at checkout. »
The solution is easy to use for consumers. When paying online, the consumer simply selects Affirm and chooses the desired payment plan. Approved customers see the full cost of their purchase up front and will never pay more than what they agreed to at checkout because Affirm never charges late or hidden fees. In-store, the seller or consumer chooses to pay with Affirm at the point of sale or payment terminal. The Verifone terminal displays a unique QR code for the transaction, which the customer scans with their phone’s camera and completes the transaction in the Affirm app.
In the coming months, merchants will be able to implement the solution with one simple integration of their e-commerce or in-store solutions to Verifone’s Cloud Services platform. Verifone’s APM platform provides quick settlement and insightful, secure reporting to merchants.
Current Verifone merchants who wish to begin accepting Affirm payments online and/or in-store should contact their Verifone sales representative. The in-store solution requires one of the Verifone Engage devices or the new line of Verifone Cloud-connected Android™ devices. New traders, big or small, can Learn more here and fill in this Contact form to buy the solution.
Verifone is a FinTech leader that provides valuable end-to-end payment and commerce solutions to the world’s best-known retail brands, major financial institutions and directly to more than 600,000 merchants. The company’s global services platform builds on a four-decade history of innovation and uncompromising security and handles more than 10.4 billion online and in-store transactions annually, for a total of more of $440 billion. Trusted and recognized by consumers for its growing footprint of 35 million devices in more than 150 countries, companies choose Verifone for its global scale, local capabilities, omnichannel prowess and solution flexibility. Learn more at Verifone.com.
Affirm’s mission is to provide honest financial products that improve lives. By creating a new kind of payment network, built on trust, transparency and putting people first, we’re empowering millions of consumers to spend and save responsibly, and empowering thousands of businesses the tools they need to fuel their growth. Unlike credit cards and other payment options over time, we show consumers exactly what they will pay upfront, never increase that amount, and never charge late or hidden fees. Follow Affirm on social media: LinkedIn | instagram | Facebook | Twitter.
Payment options through Affirm are subject to eligibility and are provided by these lending partners: affirm.com/lenders. California Residents: Affirm Loan Services, LLC loans are made or arranged pursuant to California Finance Lender License 60DBO-111681.
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