Buy Now, Pay Later (BNPL) platform Afterpay will be offering its payment services to Stripe merchants through a seamless integration.
The partnership enables both new and existing Stripe merchants to offer Afterpay services which allows their shoppers to pay in four installments, without the need to take out a traditional loan or pay upfront fees or interest.
Stripe claims that businesses can start accepting Afterpay in minutes as there is no application, onboarding, or underwriting process to get started.
Afterpay and Stripe are also extending the payment service to major e-commerce platforms with Squarespace, an all-in-one website building platform, being the first to leverage the partnership and offer Afterpay to its customers.
Afterpay Announces Buy Now, Pay Later Partnership With Stripe
Afterpay, a digital platform that offers interest-free installment plans for online purchases, announced on Wednesday it has joined forces with
Stripe to offer buy now, pay later payment services for merchants.
According to Afterpay, the partnership allows both new and existing Stripe merchants to offer Afterpay options. This gives the merchant’s shoppers the opportunity to receive their items immediately and pay in four installments, without the need to take out a traditional loan or pay upfront fees or interest.
“By offering Afterpay, Squarespace enables merchants to build a fully integrated checkout experience with ease, while maintaining the look and feel of their brand. Merchants will also experience the benefits of offering customers a flexible payment option, which is proven to attract new customers and deliver higher conversions and average order values.”