Contents
Overview
Affirm lets eligible customers pay over time on eligible QuickBooks invoices. Your business receives payment upfront, minus transaction fees, while Affirm manages repayment.
Affirm and QuickBooks at a glance
Benefits of Affirm on QuickBooks
Benefits to your business
At its core, buy now, pay later is about getting paid more consistently and with less effort.
-
Get paid upfront
You receive the full payment upfront, minus transaction fees, even if your customer pays over time.
-
Zero repayment risk
Affirm takes on full responsibility for handling payments from your customer. If a customer misses a payment or defaults, Affirm takes on the full repayment risk.
-
Support larger jobs
Customers can move forward with bigger projects when they don’t have to pay for everything upfront.
-
No workflow changes
Everything stays in QuickBooks. Payments reconcile like they always do.
-
Standard credit card processing rates apply
There are no additional setup costs for offering this option.
Benefits to your customers
For your customers, buy now, pay later offers flexibility at the moment they need it.
With Affirm, your customers can choose a payment plan that fits their budget. They’ll see the total cost upfront, with clear terms, no hidden fees, or late fees.
Approval happens in real time. Checking eligibility is quick and doesn’t impact their credit.
Buy now, pay later is available for transactions between $50 and $30,000, so it can support a wide range of services and project sizes.
Payment plans typically range from 3 to 36 months. Rates can be as low as 0% APR, depending on their credit profile and your financing program. For example, a $1,000 purchase might cost $90.26/mo over 12 months at 15% APR.