This Week In Credit Card News: Buy Now Pay Later Platforms Are Everywhere; PayPal May Offer Stock Trading

This Week In Credit Card News: Buy Now Pay Later Platforms Are Everywhere; PayPal May Offer Stock Trading

Affirm Stock Skyrockets 40% on News Amazon to Partner with Buy Now, Pay Later Fintech Company

Affirm shares jumped 40% in the after-hours session Friday after the fintech company said it has partnered with Amazon to allow a pay-over-time option at Amazon’s checkout. Select Amazon customers will have the option to split the total cost of purchases of $50 or more, and Amazon plans to make Affirm available to more customers in the coming months. Amazon “is always looking to add flexible payment options, and Affirm does just that” with no late or hidden fees. Buy Now, Pay Later companies such as Affirm allow consumers to buy in installments and charge them either simple interest or no interest at all and with instant access to what they bought. [MarketWatch]