You may not refer to Affirm or insert Affirm`s personalized marketing resources in SMS messages or similar text messages (“Text Messages”) unless Affirm has agreed otherwise. If you and Affirm agree to include Affirm`s personalized marketing assets or a reference to Affirm in a text message, you will comply with the Telephone Consumer Protection Act and the Telemarketing Sales Rule, their analogues of state law, and any other applicable rules relating to telemarketing. Connected Accounts: If you enable Connected Stripe accounts that sell products or services that constitute health services to activate Affirm (or enable Affirm for connected accounts), you set the Affirm Terms of Service for the health services located under www.affirm.com/terms/merchant-policies-stripe-healthcare to your connected account (for example, in your technical documentation, your dealer contract, dealer dashboard or email), immediately after Affirm activation. Health services. When you sell products or services that (i) constitute the practice of medicine or the practice of dentistry; or (ii) are part of the practice of a licensed healthcare professional for which a person is required to obtain a professional license to be performed or supervised by a licensed professional (“Health Care Services”), you will comply with the Terms of the Health Care Services located under www.affirm.com/terms/merchant-policies-stripe-healthcare. Affirm was founded in 2012 by CEO Max Levchin, who co-founded the company that was eventually PayPal, trades on the Nasdaq – it went public in January 2021 – and has a market capitalization of $13.9 billion. Affirm claims to offer a new variant of consumer credit: helping people afford to buy the things they want without going into unmanageable debt. Here`s a more in-depth look at how Affirm works and the pros and cons of its short-term installment loan agreements. Even if you pay 0% interest, you still borrow money that you have to repay.

Take out too many Affirm loans and you run the risk of default. Therefore, it is important to consider how much you can afford if you buy for financing now, pay later. If you want to use Affirm in the store, you can do so with a virtual Affirm card. If you are allowed to purchase now and later with Affirm, you can load the amount onto a virtual Visa card that works as a credit or debit card for purchases. To use your card in the store, you can access it through the Affirm app or link it to Apple Pay or Google Pay. Neither you nor your customer can use Affirm to pay for return-related costs (such as restocking fees). In addition to the categories of companies that are not allowed to use Stripe, it is forbidden to use Affirm the following categories. Confirm the Help Center. “Introduction to Affirm: Reporting to Credit Reference Agencies”.

Retrieved 7 May 2021. You don`t necessarily need a credit card to use Affirm. If you don`t have a credit card and Affirm hasn`t approved your loan application, it`s not necessarily because of the card. A thin credit record, bad credit, or failure to meet the individual requirements of the merchant from whom you want to finance a purchase could have contributed to this. Stripe also works with you and Affirm to prevent fraudulent transactions and minimize losses. In the event of a fraudulent transaction, you must comply with any request from Stripe to stop shipping or cancel a transaction. Click here to view Affirm logos, buttons and banners for branding and marketing purposes. We recommend that you use resources hosted by Affirm whenever possible to harness the power of our CDN and ensure that the images used are always up to date. To ensure compliance and quality, send all marketing materials, including website banners, messages, landing pages, and email communications, to the customer`s success team for review before rolling them live to your website. Please allow 5-10 business days for this approval process. In terms of security, Affirm takes a number of measures to protect personal data.

This includes using encryption to secure data and background checks on all employees. Please read our list of prohibited companies that are not allowed to use Affirm. Unauthorized attempts to upload information and/or modify information on any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030). Buy Now, Pay Later (BNPL) is a financing method that more and more Americans are using to make discretionary purchases, especially online purchases. In fact, at least 39% of consumers have tried this option, also known as point-of-sale installment loans, at least once, according to a 2021 survey by the Strawhecker Group. One of the biggest players in this growing field of financing is Affirm (AFRM). For some purchases, you can make down payments or instalments with a credit card, but that depends on the merchant.

Yes, Affirm`s website mentions a maximum purchase of $17,500. But again, the actual amount you can finance with an Install loan at Affirm`s point of sale can vary depending on the merchant. Affirm checks your credit, but it`s more of a gentle move than a difficult one. This means that you can be prequalified for Affirm financing without compromising your credit, and there is no obligation to use “Buy Now” financing, pay later until you actually make a purchase. Your data may be shared with Affirm. For more information, visit the Stripe Privacy Center. For more information, see the SEC`s Privacy and Security Policy. Thank you for your interest in the U.S.

Securities and Exchange Commission. Before you start your marketing, we recommend that you read our marketing compliance guides, depending on the Affirm financing option you offer. Then you can work on increasing your overall credit score. Things like paying bills on time, reducing debt balances, and limiting how often you apply for a new loan could work in your favor to get a higher credit limit with Affirm or another lender. Board of Governors of the Federal Reserve. “Consumer Credit – February 2021.” Retrieved 7 May 2021. By offering Affirm, you also grant Affirm a limited, non-exclusive, non-transferable license to use your legal or business name in the Affirm customer feed. However, Affirm has no other right to use your name. Marketing Compliance Guide for Adaptive Checkout™ Affirm encourages merchants to promote Affirm through email marketing campaigns that must comply with the CAN-SPAM Act. The law covers all commercial messages that the law defines as “any electronic message whose primary purpose is the commercial promotion of a commercial product or service”. Here are the main requirements (see the CAN-SPAM Act for more details): Note that this policy may change if the SEC manages SEC.gov to ensure that the site operates efficiently and remains available to all users.

By activating Affirm, you acknowledge that Affirm, including Affirm Loan Services LLC, are third party beneficiaries of the Stripe Services Agreement and may enforce Stripe`s rights under the Stripe Services Agreement directly against you. CONSIDERING that Affirm (itself or through its affiliates or banking partners) offers certain payment options to consumers through Affirm`s proprietary financial platform and associated application programming interfaces (“APIs”), virtual card networks and other technological and access solutions (collectively, the “Services”); and your application rate exceeded the maximum allowable SEC requirements per second. Your access to SEC.gov is limited to 10 minutes. However, the result may be different if the merchant only issues a partial refund or issues a credit instead of a refund. In this case, you are still responsible for paying the balance due on your Affirm loan, even if you returned the item you purchased. Affirm is designed to finance purchases when shopping at partner retailers. While some platforms that offer short-term installment loans also offer bill payment or money transfer services, Affirm is not one of them. Please note the following when using our assets and brand: In addition, some of your messages may require the addition of disclosure information. These guides describe when certain disclosures are required, where they should go, and what they should say.