What: Affirm, the growing payment system with accommodating conditions for consumers, will soon be widely available to consumers shopping on Amazon.com.

Why it is important: Thousands of retailers, including Walmart, Adidas, Peloton, Audi, Expedia and Neiman Marcus have partnered with Affirm. The partnership with Amazon reflects the growing popularity of buy now, pay later solutions for consumers.

After shoppers fill their online carts, they select Affirm at checkout and can split the total cost of any purchase over USD 50 into separate payments, with terms up to 48 months depending on the cart size. Approved customers are shown the total cost of their purchase up front and will never pay more than what they agree to at checkout.

Last June, Affirm disclosed that is it powering Shop Pay Installments, a buy now, pay later solution designed for Shopify merchants. In April, Affirm entered into a definitive agreement to acquire Returnly, which provides online return experiences and post-purchase payments.

Amazon.com Partners With Affirm