(24 February 2021 – Global) Buy now, pay later firm AfterPay has partnered with Stripe giving merchants the opportunity to offer customers the option of instalment-based purchases.
The collaboration with AfterPay will enable Stripe merchants to introduce a four month instalment payment plan for consumer purchases at the checkout.
The two companies are also teaming up with website-building platform Squarespace to offer the combined integration of Stripe and Afterpay to their ecommerce customers in Australia, New Zealand, and the US.
Noah Peper, Stripe's business lead for Apac, says: “We’ve seen strong demand from users around the world for flexible payment options, and this partnership gives businesses on Stripe an effective tool for capturing more sales and reaching new customers.”
Stripe merchants in Australia, New Zealand and the US can now integrate Afterpay, and the service will be made available to merchants in the UK and Canada soon.