BNPL Fintech Affirm Selected By Brittain Resorts & Hotels As Pay Over Time Partner
Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with full-service hospitality management company Brittain Resorts & Hotels.
Now, approved hotel guests can book accommodations “at more than 15 hotels and resorts and pay over time with Affirm.”
By selecting Affirm at checkout, approved guests “can split the total cost of any purchase over $150 into monthly payments up to 18 months.”
They are shown the total cost of their purchase and “will never pay more than they agree to upfront.”
Affirm says that they never charges customers any late or hidden fees “such as compounding or deferred interest. For example, a $1,000 purchase might cost $64.76/mo over 18 months at 20% APR.”
Brian Miller, VP of Sales at Brittain Resorts & Hotels said:
“We’ve been pleasantly surprised by the initial response. Our Guests seem to like paying for their vacations over time and the overall spend per guest is greater when using Affirm. We plan to implement this option in our call center over the next couple of months.”
Pat Suh, Affirm’s SVP of Revenue, said they have seen 35% growth year over year in travel and partnering with Brittain Resorts & Hotels means guests now have a flexible payment option.
Brittain Resorts & Hotels joins 292,000 Affirm retail partners, “including Amazon, Casper, Newegg, SeatGeek, Royal Caribbean, Priceline, American Airlines and more.”
Offering Affirm at checkout can “help drive overall sales, increase average order value, and reach new customers.”
As covered, Affirm’s mission is “to deliver honest financial products that improve lives.”
By building a new kind of payment network — one based on trust, transparency and putting people first — they empower millions of consumers “to spend and save responsibly, and give thousands of businesses the tools to fuel growth.”
Unlike most credit cards and other pay-over-time options, they claim to show consumers exactly what they “will pay up front, never increase that amount, and never charge any late or hidden fees.”
