Benzinga | Dec 21, 2021 08:02AM EST

Newegg Reports Partnership With Affirm To Give Customers Greater Payment Flexibility On Newegg.com

Newegg Commerce, Inc. (NASDAQ:NEGG), a leading tech-focused e-retailer in North America, today announced a partnership with Affirm (NASDAQ:AFRM), a payment network that empowers consumers and helps merchants drive growth, to bring flexible pay-over-time options to customers shopping Newegg.com. Paying with Affirm allows customers the flexibility to split purchases into simple payments over time, with no hidden or late fees.

"Consumers are demanding flexible payment options this holiday season and beyond," said Silvija Martincevic, Chief Commercial Officer of Affirm. "According to Affirm's Consumer Spend Report, more than half of Americans are interested in using a pay-over-time solution for their holiday shopping this year. By teaming up with Newegg, we are delivering flexibility, control and transparency at checkout to give consumers the confidence to purchase their favorite electronics."

Customers processing orders $100 and above now have the option to pay over time with Affirm. Selecting this payment method enables them to split purchases into monthly payments. Affirm charges simple interest that never compounds. Customers never pay a penny more than the amount they agree to up front, with no hidden or late fees even if they miss a payment, giving customers the simplest and most transparent way to finance their purchases on Newegg.com.

"We're committed to giving our customers payment flexibility, whether that means offering the latest cryptocurrencies as a payment option, or giving them the ability to finance larger purchases over time," said Anthony Chow, CEO of Newegg. "Our collaboration with Affirm delivers on that commitment, giving our customers what we believe is one of the best pay-over-time options currently available."

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