Tech-focused e-retailer Newegg Commerce has enlisted payment network Affirm to offer flexible pay-over-time options for Newegg customers. Founded in 2001, Newegg provides direct sales as well as an online marketplace platform for PC and IT hardware, consumer electronics, gaming products, and finished goods. Affirm has made a name for itself by empowering consumers and guiding sellers to expedite growth, and paying through the network gives customers convenient purchase-splitting opportunities and the ability to make simple payments over a preset period of time without fear of hidden or late fees.
Silvija Martincevic, Chief Commercial Officer of Affirm, said, "Consumers are demanding flexible payment options this holiday season and beyond. According to Affirm’s Consumer Spend Report, more than half of Americans are interested in using a pay-over-time solution for their holiday shopping this year. By teaming up with Newegg, we are delivering flexibility, control and transparency at checkout to give consumers the confidence to purchase their favorite electronics.”
Those purchasing $100+ orders will have this pay-over-time option through Affirm, which charges simple interest that never compounds. Indeed, Affirm is leveraging a remarkable level of financial simplicity, transparency, and flexibility for Newegg customers by opening up their payment options.