Post by M. Hawbaker on Dec 30, 2023 21:09:45 GMT
Walmart customers have the option to buy items in store or online and pay for them at a later date.
The retail giant recently announced a partnership with payment platform Affirm to allow customers to use point-of-sale loans to make purchases.
Affirm offers the loans to customers who agree to make payments for the item(s) over the course of time. Unlike credit cards, however, Affirm does not charge additional interest, late fees or other costs. Depending on the items purchased, Affirm adds a one-time interest rate to the total cost of the goods.
According to Walmart, the initial interest rate can vary between 10% and 36% depending on the customer’s credit score. Some items will be offered at 0% interest as well.
If you are shopping online, you can choose to apply for the loan while checking out and if approved, you will be able to complete the purchase with no money coming out of your pocket.
If you are shopping in store, you must apply ahead of time through Affirm and once approved, you then enter the total of your purchase into the application. A barcode is issued on your phone that you present to a cashier who scans it. Once the barcode is scanned, the purchase is completed.
Customers then make their payments through the Affirm website or app.
www.pennlive.com/business/2023/12/walmart-adds-buy-now-pay-later-option-to-self-checkout.html?utm_campaign=pennlive_sf&utm_medium=social&utm_source=facebook&fbclid=IwAR1sK3pMQVZ3H2JR9zzw2uoAwtmP-1qUEbnbaM9uLgs7LieDghqWeQAFNo8
The retail giant recently announced a partnership with payment platform Affirm to allow customers to use point-of-sale loans to make purchases.
Affirm offers the loans to customers who agree to make payments for the item(s) over the course of time. Unlike credit cards, however, Affirm does not charge additional interest, late fees or other costs. Depending on the items purchased, Affirm adds a one-time interest rate to the total cost of the goods.
According to Walmart, the initial interest rate can vary between 10% and 36% depending on the customer’s credit score. Some items will be offered at 0% interest as well.
If you are shopping online, you can choose to apply for the loan while checking out and if approved, you will be able to complete the purchase with no money coming out of your pocket.
If you are shopping in store, you must apply ahead of time through Affirm and once approved, you then enter the total of your purchase into the application. A barcode is issued on your phone that you present to a cashier who scans it. Once the barcode is scanned, the purchase is completed.
Customers then make their payments through the Affirm website or app.
www.pennlive.com/business/2023/12/walmart-adds-buy-now-pay-later-option-to-self-checkout.html?utm_campaign=pennlive_sf&utm_medium=social&utm_source=facebook&fbclid=IwAR1sK3pMQVZ3H2JR9zzw2uoAwtmP-1qUEbnbaM9uLgs7LieDghqWeQAFNo8
Proverbs 22:7 was the first thing that came to mind: