How does affirm works ?

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By chance I came across a site that offers to pay what you buy in installments. In these corona times, I believe that many have become unemployed and therefore will take advantage of the offer to pay an expensive thing over several installments.

See the image below from their site
https://www.affirm.com/how-it-works
How does affirm works and to pay in small installments.



I have seen something local here in this country I live in but was not aware that it was also widespread abroad.

Has anyone tried to implement it in their e-commerce website? and if, is it something that gives an additional sale or is it not something you notice?

Immediately, if I think about it, it seems to me like a really good idea if you sell expensive goods at your online shop, ie goods that cost over 1000 euros per unit. But, then again, in these times it may well be that even 100 euros is a lot of money for some people and that they would buy if they could just pay maybe 5 or 10 euros per month.
 
It would harm your website to simply add this as an additional payment method for your customers to pay on your website.

Soon it is Xmas and people are going crazy online shopping so adding a way for them to split the payment would work wonders I believe.
 
cyprusbanker said:
It would harm your website to simply add this as an additional payment method for your customers to pay on your website.
Click to expand...
how that?

For me it looks like a great way to offer alternative payment options for your customers. as you say christmas season is knocking on the door in a few weeks, people will be short on cash soon.
 
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