Affirm Extends Exclusive Partnership With Shopify, Plans to Expand Pay-over-time Services to Canada and U.K.

Arthur Zaczkiewicz
·2 min read

Affirm and Shopify have renewed a multiyear agreement thereby cementing Affirm’s position “as the exclusive pay-over-time provider for Shop Pay Installments in the U.S.,” the payments company said, adding that the partnership also “extends this exclusivity into Shopify’s home market of Canada and enables the partnership to continue growing into new markets worldwide, with plans to enter the U.K. on the horizon.”

Terms of the deal were not disclosed. The companies said extending the services was a natural next step for the five-year-old marriage.

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“Given the success of our longstanding partnership with Affirm in the U.S., bringing them to our merchants internationally is a no brainer,” said Kaz Nejatian, chief operating officer of Shopify. “Affirm’s premier technology, world-class team and commitment to transparency make them a natural fit to continue supporting merchants in the Shopify ecosystem, and we look forward to bringing this same value to our merchants in Canada, the U.K. and beyond.”

Over the coming months, the companies said eligible Shopify merchants in Canada “will be able to seamlessly offer Shop Pay Installments powered by Affirm at checkout,” and noted that approved shoppers will be able to choose “from customized biweekly and monthly payment plans, with rates as low as 0 percent APR, term lengths up to 24 months, and no late or hidden fees.”

“Five years ago, Shopify and Affirm teamed up to create a bespoke payment solution that helps all kinds of businesses thrive by giving their customers more choice and flexibility,” said Max Levchin, founder and chief executive officer of Affirm. “Since then, millions of consumers in the U.S. have relied on the value Shop Pay Installments offers, and we’ve heard from merchants all over the world who are clamoring for the growth potential it provides. We’re excited to deliver on that promise and continue our international expansion.”

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