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Top 15 Affirm Competitors and Alternatives

What Is Affirm

It’s nearly payday, and you’re eyeing a last-minute online purchase. But just as you’re about to hit “submit order,” you realize that the app you usually use to make payments is down. 

Frantic, you begin scouring the internet for alternatives to Affirm, the popular and reliable financing platform. Luckily, you’ve stumbled upon an article titled “Top 15 Affirm Competitors and Alternatives.” This comprehensive guide not only provides you with options but also enables you to weigh up their pros and cons. With this information at your fingertips, you confidently pick a new platform and complete your purchase, all without breaking a sweat.

So, let’s get you spending!

What Is Affirm?

Affirm is a fintech company that has made waves in the world of Buy Now Pay Later (BNPL) services. Founded in 2012 by Max Levchin, the San Francisco-based firm has helped consumers make 17 million purchases with its app, providing up to $17,500 in borrowing ability with monthly installment plans. 

What Is Affirm

Their success is evident in a 71% increase in annual revenue, reaching $870.5 million in 2021. They’ve also partnered with major brands like Amazon, Adidas, Walmart, and Shopify, among others.

Be careful of high-interest rates…

However, it is important to note that Affirm’s services are not available at all stores, and long-term loans can have high-interest rates of up to 30%. Additionally, a credit check is required to qualify, which may be an obstacle for some potential borrowers.

What is Buy Now Pay Later?

In today’s world, we are accustomed to having things at our fingertips. Technology has allowed us to access goods and services from the comfort of our own homes. But what happens when we can’t afford those things right away? This is where BNPL services come in. 

what is buy now pay later

BNPL services offer a chance for shoppers to pay for items over time, usually with no interest, and with easy-to-use apps or websites. It’s a convenient way for consumers to get what they need while managing their finances. However, it’s important to use these services responsibly or risk getting trapped in a cycle of debt. Overall, they have become a popular option for individuals who need some flexibility in their spending habits.

Top 15 Affirm Competitors and Alternatives

1 Sizzle

Sezzle is a fintech company that has been taking the world by storm since its inception in 2016. Based in the bustling city of Minneapolis, Minnesota, Sezzle has quickly become a popular choice for customers looking for interest-free installment plans at their favorite online stores or physical locations.

 With a presence in multiple countries, including Canada, the US, Germany, and India, Sezzle has helped empower consumers with flexible payment plans that allow them to buy now and pay later. And with its recent acquisition by Zip for a whopping A$491 million, Sezzle is now poised for even greater success in the coming years.

Rescheduling options…

What sets Sezzle apart from its competitors is its ability to offer rescheduling options for up to two weeks, with the first rescheduling for each order being completely free. This flexibility, combined with the fact that Sezzle does not charge any interest on purchases, makes it a top contender in the realm of BNPL providers.

2 Klarna

Klarna is a game-changing payment service that is revolutionizing the way we buy now and pay later. If you’re looking for an alternative to Affirm, Klarna offers a wide range of payment options that are sure to meet your needs.

 With varying interest rates based on credit score, it offers three payment options to choose from. You can split payments into four, with the first installment due right away while the other three due at two-week intervals, take advantage of monthly financing for up to 36 months, or pay in full within 30 days.


It comes with a rewards program too!

Klarna partners with various stores and also rewards its customers with vibes that can be exchanged for rewards. As a welcome bonus, customers receive a $5 bonus on their first purchase. So why not give Klarna a try and see what all the buzz is about?

3 Paypal

PayPal, founded in 1998 by Max Levchin and Peter Thiel, has evolved into a leading fintech company with a global presence. The company’s innovative platform has transformed the way online transactions are conducted, enabling individuals and businesses to send and receive payments quickly and securely.

The platform is designed to offer a range of payment services, including P2P payments, merchant services, and online invoicing. With its user-friendly interface, they have made it easy to send and receive payments, regardless of your location.

What is the “Pay in 4” program?

As technology continues to advance, PayPal has expanded its offerings to include new payment options like “Pay in 4” and revamped credit cards like the Cashback Mastercard. These innovative products have been designed to meet the changing needs of consumers, providing them with flexible payment options and rewards for their purchases.

The “Pay in 4” program has been gaining popularity with airlines and marketplaces such as eBay. It allows users to make small BNPL purchases, splitting the total cost into four interest-free payments. This has made it easier for consumers to make purchases without worrying about upfront costs and has proven to be a popular option for those looking for flexibility in their payments.

Only available in the US…

PayPal Credit, which is currently only available in the US, provides users with a revolving line of credit that they can use to make purchases. This product has proven to be popular with consumers, and PayPal is continuing to expand its products and services worldwide.

4 Afterpay

Once a small fintech startup from Melbourne, Afterpay has now exploded onto the global stage with its Buy Now Pay Later (BNPL) services. With over 16 million users worldwide, it’s no wonder they’re giving big names like Affirm a run for their money. The company assesses spending behavior and gradually increases users’ spending limits, giving them more control over their finances. 

But that’s not all – Afterpay also allows users to reschedule payment dates three times a year and extend repayment dates up to five days. Whether it’s under the name Afterpay or Clearpay, this innovative company is making waves across the US, Canada, New Zealand, Europe, and its home base of Australia.


5 Zip Co. Limited

Zip Co. Limited, previously known as Quadpay, is revolutionizing the shopping experience with its flexible payment option that allows customers to make purchases in four easy installments. 

Although they reported a loss of $153.6 million in 2022, compared to $139.8 million in 2021, and bad debts increased to $115.4 million, Zip has expanded its global presence with the recent acquisition of Sezzle for $491 million. Despite the rocky start to 2022 with an 80% drop in share value, Zip continues to be a fast-growing competitor and a cutting-edge alternative to Affirm.

6 Splitit

Looking for a way to shop online and pay overtime without any interest or fees? Look no further than Splitit! This NY-based BNPL company was founded in 2012 and offers a unique payment solution that doesn’t require consumers to apply or register. Plus, you can keep your credit card points and never worry about late fees. 

All you need is an available credit balance on your credit card, and you can pay in easy installments. Just keep in mind, Splitit doesn’t support debit cards and requires a pre-authorization hold on your credit card. And if you’re looking to improve your credit score, Discover has a secured credit card that allows you to start a credit line equal to your refundable security deposit and earn cash back on purchases.

7 Uplift

If you’re looking for an alternative to Affirm for your next travel purchase, Uplift should definitely be on your radar. While Affirm supports some travel sites, Uplift offers an even wider variety of airlines that you can purchase directly from.

 What really sets Uplift apart, though, is its exclusive focus on the travel sector and its partnerships with more airlines. When you purchase directly from the airline, you can take advantage of flexible cancellation/change policies and even special perks like free seat selection and baggage.


Using third-party sites?

While third-party sites like CheapOair may offer cheaper tickets, they also charge more for cancellations, changes, and other extras which the airline won’t be able to help you with. For a smooth travel experience and peace of mind, Uplift is definitely worth considering as your Affirm alternative.

8 GoCardless

Imagine a company that simplifies and streamlines the payment process for businesses, allowing them to effortlessly collect one-time or recurring payments directly from customers’ bank accounts. No more hassle with payment processors or chasing down payments. 

Meet GoCardless, the London-based fintech powerhouse that supports over 70,000 global clients and processed more than $25 billion in transactions last year. Their 1% transaction fee is a small price to pay for such an efficient service- no wonder they just secured $312 million in funding!

Teaming up for better business!

 They have also teamed up with both BillingPlatform and Klarna to provide an instant payment option for over 21 million US customers. Looking for an alternative to Affirm or BNPL? Look no further! GoCardless has got you covered.

9 ViaBill

ViaBill, a New York-based BNPL service, is revolutionizing the way we pay for goods in-store and online. Founded in 2010, their platform has proven to be a convenient and flexible payment option for shoppers and merchants alike, and they recently received a whopping $120 million in funding to expand their solutions even further.

But they are much more than your typical BNPL provider – they support both online and physical stores in Denmark, Spain, and the US, and have no interest charges when splitting payments into affordable installments. They even tested a new product with 11,000 consumers in Q4 2021, ensuring they’re always ahead of the curve. With ViaBill on board, shopping has never been simpler or more accessible.

10 Amazon

Amazon, the king of online shopping since 1994 and headquartered in Seattle, knows how to keep its shoppers happy. They recently teamed up with Affirm in August 2021 to offer buy now, pay later (BNPL) as a checkout option for its US platform. This was an exciting first for Amazon! They also offer BNPL services in Australia with the help of Zip.

Customers can now split purchases over $50 into monthly payments with the Affirm-Amazon partnership. Unfortunately, this option doesn’t work for Whole Foods, Amazon Fresh, or digital products like books and movies. Amazon has become the best alternative to Affirm for those needing BNPL services.


11 Laybuy

New Zealand’s fintech darling, Laybuy, has revolutionized the world of BNPL with its clever payment platform. By allowing customers to pay in six weekly installments, it has made shopping more accessible and budget-friendly.

Customer satisfaction comes first!

Their impressive customer satisfaction ratings have earned them the title of Most Trusted BNPL brand in the 2022 Fairer Finance survey. Despite charging fees for missed payments, it has proved popular among UK consumers and secured the trust of thousands. While Klarna and Clearpay remain ahead in customer satisfaction, Laybuy continues to hold its own against industry giants like Affirm.

12 Bread Payments

Are you tired of making big purchases and having to pay for them all at once? Bread Payments is the solution you’ve been looking for! With Bread, you can split your payments into four easy installments or even pay it off over a longer period.

 Plus, with a higher loan limit of up to $20,000, Bread is the perfect alternative to Affirm for those seeking more financial flexibility. Say goodbye to credit card debt and hello to stress-free shopping.

13 LutherSales

LutherSales is the BNPL company you don’t want to miss! Not only do they allow you to pay for your purchases in manageable installments, but they also help you build credit by reporting to major credit bureaus – unlike other services that may or may not do the same.

But that’s not all – They take personalized shopping to the next level. You can schedule an appointment with one of their personal shoppers to discuss your unique needs and preferences.

More than just splitting payments!

And the best part? LutherSales offers amazing deals on a wide range of products – from furniture to phones and everything in between. Don’t just take our word for it – LutherSales has received rave reviews on TrustPilot. So, if you’re looking for a BNPL service that does more than just split your payments, LutherSales is definitely worth considering.

14 Thunes

Thunes is a payment platform that’s shaking up the global payments game. Based in Singapore, this B2B company is spreading its wings, with offices in major cities such as Paris, Shanghai, and New York. They are helping some of the world’s fastest-growing businesses make cross-border transactions easier, supporting a whopping 79 currencies across 126 countries. That’s a lot of ground covered! 

And Thunes isn’t done yet – they’re always on the lookout for new partnerships that will add even more value to their customers. In fact, they recently teamed up with Clearpay to offer BNPL services to their vast network of merchants and marketplace partners. Move over, Affirm – Thunes is coming for your spot in the UK and Europe!


15 Zebit

Why settle for traditional payment options when you could have Zebit? This innovative online marketplace has revolutionized the Buy Now, Pay Later game by offering flexible payment plans to people with imperfect credit.

 With over 1,500 brands to choose from, including tech giants Samsung and Apple, you’ll have access to the latest and greatest products. Better yet, you won’t need to worry about rigid monthly payments. Zebit tailors your payment schedule to your specific pay cycle, giving you the freedom to choose between monthly, bi-weekly, and weekly plans.

There is a down payment needed…

 Sure, there’s a 20-30% down payment required, but that’s a small price to pay for added flexibility. And don’t let your credit history hold you back – Zebit doesn’t rely solely on FICO scores. Qualification may not be guaranteed, but it’s certainly worth a shot for those who need a more forgiving payment solution.

Tips On Using BNPL Services

Tips On Using BNPL Services

  •  Read the terms and conditions carefully: Before signing up for a BNPL service, make sure you read the terms and conditions to be aware of any additional fees or restrictions that may apply.
  •  Set up reminders: With so many payment options to choose from, it can be difficult to keep track of due dates. Take advantage of calendar reminders or payment apps to make sure you don’t miss a due date and incur late fees.
  •  Use BNPL services only when needed: They are convenient but should not be relied on for all purchases. Be sure to use them only in cases where an immediate purchase is necessary and when you can make the payments on time.
  •  Consider other payment options: Before you commit, consider other payment options like credit cards or personal loans that may have lower interest rates or more flexibility. 
  •  Pay off your balance as soon as possible: As with any loan, it’s best to pay off your balance as soon as possible. This helps save you money on interest fees and keeps your credit score in good standing. 
  •  Monitor your spending: Use budgeting apps or tracking tools to monitor your spending and ensure that you’re not overspending. It’s easy to get carried away and spend more than you can afford. 
  •  Don’t let your balance become overdue: Late payments can hurt your credit score and incur additional fees, so be sure to pay on time. If you find yourself behind on payments, contact the service provider immediately to avoid further penalties. 
  •  Ask for help if needed: If you’re having difficulty making payments, don’t hesitate to reach out for help. Many providers offer assistance programs for customers in need, so be sure to explore all of your options before getting into more debt.

Want To Know More About Payment Methods?

Well, you’ve come to the right place! We’ve put together an extensive selection of guides to find out which payment methods are available where!

Let’s start with Apple Pay; you might be wondering Does Lowes Take Apple PayDoes Walgreens Take Apple Pay for your DIY needs, Does Home Depot Take Apple Pay, followed by Does Costco Take Apple PayDoes Publix Take Apple Pay, and Does Amazon Take Apple Pay if you’re doing some online shopping.

If you’re an avid Walmart shopper, then take a look at Does Walmart Take Apple Pay, as well as Does Walmart Accept Afterpay Buy Now Pay LaterDoes Walmart Have Layaway, and which are the OTC Card Eligible Items at Walmart in 2023?

If you’d like to know about payment methods that offer assistance to low-income families, then you’ll want to check out Does Publix Take EBTDoes Dollar General Accept EBT And Food Stamps, and for bulk buying, Does Costco Take EBT? We’ve also included Does Subway Take EBT and Can You Use EBT On Doordash because we all deserve a little treat now and then!

Final Thoughts

So, Affirm, Clearpay, and Zebit are just a few of the many BNPL services out there. If you’re in need of a more flexible payment option, be sure to do your research and compare the different options available. 

Take into account factors such as applicable fees, interest rates, and repayment terms before you commit. Most importantly, monitor your spending and pay off your balance as soon as possible. With the right BNPL service, you can get the items you need without breaking the bank.

Happy Shopping!

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