BigCommerce have expanded on their partnership with Affirm to give merchants the ability to offer flexible payment solutions including pay-over-time.
Accessible within the BigCommerce Control Panel, merchants can enable and display Affirm’s pay-over-time solution at checkout. When they do, eligible customers will see bi-weekly and monthly payment options side-by-side thanks to Affirm’s smart proprietary technology which makes real-time underwriting decisions and surfaces customized payment schedules. True to Affirm’s long-standing commitment to never charge late or hidden fees, consumers will never owe more than they agree to upfront.
Key benefits of this extended partnership include:
- Offer smarter payment options. Merchants can now deliver custom payment options, offering bi-weekly and monthly payment options side by side for eligible customers, on purchases ranging from $50 to $17,500.
- Increase brand awareness and attract more customers. Merchants will have the opportunity to tap into Affirm’s shopper network of 12.7M+ while maximizing marketing efforts with promotions and messaging tools to attract new customers.
- Drive conversions and add higher order values. Merchants who offer Affirm at checkout have reported as much as 85% higher average order values, 26% increase in cart conversions and 20% repeat purchase rates when compared to other payment methods. Merchants can also create more purchasing opportunities for customers with merchandising features like prequalification and dynamic price messaging, helping drive conversion and average order value.
Innovative, digital payment options have become increasingly essential for merchants to offer their customers at checkout. Additionally, consumers, especially younger generations, are demanding transparency from their chosen providers, Affirm’s scale and reliability, combined with the unparalleled flexibility and transparency they offer consumers, make them an obvious choice and great pay-over-time solution for our merchant network.– Mark Rosales, vice president of payments at BigCommerce.