Newegg Commerce, Inc., based in California, and Affirm expanded their partnership to launch flexible payment methods for shoppers on Newegg.ca. in Canada, according to a press release.
“Our Canadian customers now have the same benefits and shopping flexibility with Affirm that we have been offering our U.S. customers since 2021,” senior category manager for Newegg Canada, Danny Yip, said. “Unlike other financing options, Affirm’s platform doesn’t charge late fees and allows approved customers to choose their preferred payment plan at checkout. We expect our Canadian customers will appreciate Affirm’s flexible payment option for their tech purchases.”
Eligible customers can now use affirm to finance their payment over time on purchases of approximately $74 or more, a method that has existed to customers in the U.S. since 2021.
Each buyer must undergo a free credit check in order to qualify for the payment option. The credit review will not impact their credit score.
Upon becoming eligible for financing, customers will be notified of the amount of credit available for use. Affirm does not charge users a late or additional fees upon receiving late payments.
“Consumers are voting with their wallets by adopting transparent and flexible payment methods like Affirm,” said Vassil Chalashkanov, Affirm’s country manager, Canada. “Nearly three out of four Canadians have their budget top-of-mind when shopping. With the holiday season just around the corner, we are excited to be expanding our relationship with Newegg into Canada and enabling eligible consumers to purchase their favorite tech products over time so they can enjoy gifts without gotchas.”