Amazon unveils buy now, pay later option from Affirm for small business owners
Publishing timestamp: 2023-11-02 12:01:35
Summary
Amazon is partnering with Affirm to offer a buy now, pay later checkout option for small business owners on its platform. This move is seen as a boost for Affirm, which has been searching for revenue growth. The service will be available to eligible customers by Black Friday and is specifically targeted towards sole proprietors. The option is touted as being more transparent than credit cards, and there are no late or hidden fees. Affirm plans to assess the performance of the product and potentially expand it to a wider range of businesses.
Sentiment: POSITIVE
Keywords: breaking news: investing, retail industry, technology, banks, business news, breakingnewsglobal, breaking news: technology, small business, breaking news: markets, investment strategy, amazon.com inc, breaking news: business, affirm holdings inc, peloton interactive inc,
Source: https://www.cnbc.com/2023/11/02/amazon-affirm-buy-now-pay-later-small-business.html