For users who are signing up with our new, simpler Stripe integration, we’re happy to announce support through Stripe for accepting Affirm. Affirm is a buy now, pay later service that will enable your users making larger purchases to break the payments up into a payment plan, with you getting your money up front.
How does it work? When you have Affirm enabled, and you send a transaction to the credit card reader in the same way as any other credit card transaction, the customer will have a button they can tap for Affirm. This will give them a QR code, where they can accept the transaction through the Affirm app on their phone.
There are limitations in place on this: You’ll need to enable Affirm both through your Stripe dashboard and through ThunderPOS. Affirm can only be used (and will only be available for the customer to select) on transactions of $50 or more, and only if your customer is not placing any preorders on the invoice. Also, do note that the fee for processing using Affirm is higher than a standard credit card fee.
This solution might not be for everyone, but we have had customers asking for support for this type of payment plan, and so we’re delighted to make this available to our users.