What: Neiman Marcus partners with Affirm to give customers a new way to pay.

Why it is important: Offering a new flexible alternative for customers.

Neiman Marcus announced a partnership with Affirm that will bring a more flexible and transparent alternative to customers shopping for luxury products. Eligible shoppers can now access their favourite designer fashion or accessories online, and enjoy paying overtime on a schedule that best fits their needs and budget. When shopping online, eligible shoppers can select Affirm at checkout and split the total cost of any purchase over US$50 into simple payments with terms from six weeks to 36 months depending on the cart size.

Neiman Marcus joins more than 6 500 Affirm retail partners. In 2019, merchants using Affirm reported 85% higher average order values than other payment methods. And in the first half of 2020, nearly 70% of Affirm loans were from repeat customers.

Neiman Marcus and Affirm Give Customers a New Flexible Way to Pay for Luxury and Designer Fashion