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What You Need To Know About Adding An Affirm Loan Option To Your Site

    Kate Hoots
  • UPDATED

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Kate Hoots

Kate Hoots

Expert Analyst & Reviewer at Merchant Maverick
An expert in business banking, consumer finance, and online payments, Kate Hoots has been writing about small business commerce since 2020. A former journalist for the West Linn Tidings and the Wilsonville Spokesman, Kate boasts wide experience in business leadership and communication. She has a degree in English Literature from Lewis & Clark College.
Kate Hoots
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Kate Hoots

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2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Chris Yenney

    Very insightful. What if small business customers use Affirm to buy the small business’s products but don’t complete the full payment terms? Who is stuck with that charge off? Does the small business have to pay the money back to Affirm or are they like a credit card company and perform their own collections and write-offs and it doesn’t come back to the small business since Affirm approved the customer for payment terms?

      Jessica Dinsmore

      Hi Chris,

      The lender (in this case Affirm but it can be any BNPL provider) takes the hit when customers default. Merchants that offer BNPL do not take on any additional financial risk. There’s really no downside to BNPL for the merchant. They get their money upfront and don’t really have to think about it again. Hope that helps!

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      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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