2023-06-07 11:00:13 ET
- Affirm Holdings ( NASDAQ: AFRM ) stock jumped 14% in Wednesday morning trading after announcing that U.S. merchants offering Amazon ( NASDAQ: AMZN ) Pay can now add its Adaptive Checkout feature as a payment option.
- Adaptive Checkout offers bi-weekly and monthly pay-over-time options side-by-side at checkout. Customers who click on the Amazon Pay button on a retailer's site at checkout can select Affirm as their payment method and go through the approval process with no added cost and no impact to their credit score, Affirm ( AFRM ) said.
- "With Affirm on Amazon Pay, merchants can offer a pay-over-time option to their existing customers and have another way to reach new customers," said Omar Soudodi, director of Amazon Pay.
- Amazon ( AMZN ) and Affirm ( AFRM ) first teamed up in 2021 , when the ecommerce giant added Affirm's pay-over-time financing as an option at checkout.
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Affirm Holdings stock surges after Amazon Pay adds its Adaptive Checkout