Shopify Partners With Affirm to Offer Buy Now, Pay Later Options

Shopify (NYSE: SHOP) announced on Wednesday it would partner with fintech start-up Affirm to bring its buy now, pay later financing options to participating merchants in the U.S. Beginning later this year, the companies will provide the service for Shopify merchants "who want to offer this flexible payment option to their customers."

When checking out, Shop Pay customers will be given the option to make four equal, bi-weekly, interest-free payments. Affirm will administer the program, meaning merchants will be paid in full, less fees, at the time of the purchase, while Affirm will take care of collecting the payments. At the same time, customers won't be charged any late fees or other service charges.

Image source: Getty Images.

Source Fool.com