Affirm

Affirm
M2

TOTAL:
$0.00
Compatible With: Community 2.0, 2.1

Tech Specifications

Seller:
Integrator:
Current Version:
1.0.3
Type:
Stable Build
Updated:
13 October, 2017
Categories:
Extensions, Payments & Security, Payment Integration
License Type:
Open Software License 3.0 (OSL-3.0)

Overview

Affirm enables customers to buy what they want today and pay over time—boosting conversion, average order value, and lifetime value.

Overview

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With Affirm, you can offer quick, simple, and transparent financing that allows shoppers to pay over time for their purchases. Founded by Max Levchin, co-founder of PayPal, our mission is to provide products and services that empower people to advance their financial well-being. With Affirm, there are no gimmicks like deferred interest, compounding interest, or late fees, so what your customers see at checkout is exactly what they’ll pay, on a budget-friendly schedule of their choosing. On average, our partners see an AOV increase of 75%. And in third-party A/B tests with a sample of our partners, conversion increased by up to 20%, while revenue per visitor increased by 10% or more.

A separate Affirm account is required to implement financing. Please reach out to us at https://www.affirm.com/business. Although Affirm's Magento extension is free, an Affirm financing partnership may not be. Affirm’s solution does not impact merchants’ PCI compliance. Information affecting a merchant’s PCI compliance is never passed by Affirm to the merchant.

 Integration Overview

The Affirm extension modifies your payments page to accept Affirm as a payment type, and also adds Affirm as a payment processor, allowing all authorizations, captures, and refunds to be processed through Magento. Additionally, the Affirm extension provides promotional marketing tools to calculate and display estimated monthly payment amounts based on a product or a shopping cart price. To set up Affirm as a payment method, you’ll need to contact Affirm for API keys and account setup.

Feature List 

  • 20% Conversion Lift. Affirm reduces sticker shock and puts your items within the reach of more consumers. In third-party A/B tests with a sample of our partners, conversion increased by up to 20%.

  • 75% Average Order Value Lift. Affirm gives your customers more spending power—by enabling them to buy what they want today and pay over time. Our partners see an AOV lift of 75% on average.

  • 10%+ Revenue per Visitor Lift. With Affirm on your site, more people buy—and they buy more. In A/B tests with a sample of our partners, revenue per visitor increased by 10% or more.

  • +82 Net Promoter Score. Affirm is transparent, easy to use, and optimized for mobile—and our customers love it. We boast a Net Promoter Score of +82.

  • No hidden fees, penalties, or compounding interest.

  • Supports payment authorization, capture/settlement, and refunds on purchases made with Affirm.

  • Offers marketing tools to calculate and display monthly payment pricing on product, category, and cart pages.

  • Affirm takes all risk of fraud and default upon shipment.

Release Notes

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1.0.3:

  • Compatible with CE: 2.0 2.1
  • Stability: Stable Build
  • Description:

    V1.0.3 May 3, 2017
    - New promotional messaging support
    - Monthly payment pricing for categories
    - Minimum threshold for monthly payment pricing
    - Promotional messaging and multiple financing program mapping
    - Time-based multiple financing program for products and categories

    V1.0.0 Nov 1, 2016
    - Major stable release
    - Affirm as a payment method
    - Affirm promotional messaging: Banners, Monthly payment pricing, and Multiple financing programs
    - Order Management

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Q & A

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Reviews

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