Amazon announced Nov. 1 that it has expanded its partnership with payment network Affirm, it has added a pay-over-time option at checkout on its B2B supplies marketplace, Amazon Business.
The new offering enables Amazon Business customers to split the total cost of eligible purchases and pay over time with Affirm without late or hidden fees.
A news release stated that Amazon Business began rolling out Affirm on Nov. 1 to eligible sole proprietor businesses and that the new payment option will be available at checkout to all eligible Amazon Business sole proprietor customers by Nov. 24
“We’re constantly striving to make Amazon Business the best place for small businesses to fulfill their buying needs. Integrating Affirm as a payment option helps us do just that, while providing more flexibility and convenience to our customers,” said Todd Heimes, director of Amazon Business Worldwide. “The technology, ease of integration, and ability to support a broad range of transactions—especially as Affirm is already used by millions of Amazon customers today—make this a natural extension of our larger partnership.”
The release detailed that by selecting Affirm at checkout on Amazon Business and entering some basic information, small business owners will receive an instant credit decision. If approved, they can select from customized pay-over-time options of three to 48 months and with the knowledge that they will never pay more than the upfront, agreed-to price.
Affirm first launched on Amazon.com and the Amazon mobile app in 2021.
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