Amazon is allowing small businesses to purchase now and pay later

Indianapolis, Indiana – Just a few days remain until the commencement of the holiday shopping season, which is traditionally observed. Buy now, pay later is a time-honored retail strategy that is making its way into the realm of internet buying in a more significant way this year.

At the beginning of this month, Amazon announced that it is expanding its relationship with Affirm in order to offer the option to pay over time available at checkout for the millions of small companies who use its online store.

Since the year 2021, frequent users of Amazon.com and the Amazon mobile app have had the opportunity to make advantage of the “Pay over time with Affirm” option provided by Affirm.

Before Black Friday, the business-to-business buy now, pay later option will be made available to all clients who are eligible for Amazon Business.

Yesterday, Gloria Dawson, who is the deputy editor for retail coverage at Business Insider, made a visit to Daybreak in order to provide an explanation regarding the operation of the service.

“Amazon Business works with small proprietor businesses and they are allowing this option so that business owners can buy things now, get them now, and pay for them in installments,” Dawson said. “You’ll see exactly how much you’re going to pay out and what kind of interest you’re going to pay.”

When choosing a payment method at Amazon Business checkout, users can pick “Pay over time with Affirm” if they would like to spread out their payment.

According to a news release from Affirm, small business owners will receive a quick credit decision after providing a few details like their business name and address. If accepted, they can choose from a variety of tailored pay-over-time terms, ranging from three to 48 months.

“It’s one of the ways that Amazon is trying to build a better relationship with its small businesses,” Dawson said.