Amazon unveiled a new buy now, pay later option for small business owners on November 1, 2023.
The new option, called “Amazon Business Pay Later,” is powered by Affirm and allows businesses to split purchases of $50 or more into four equal installments.
Amazon Business Pay Later is a convenient and flexible way for small businesses to finance their purchases. It allows businesses to get the products and services they need without having to pay the full amount upfront. This can help businesses to improve their cash flow and invest in their growth.
Amazon Business Pay Later is also a competitive option for small businesses. Affirm charges no interest or late fees on its loans, and businesses can make payments without having to create an Affirm account.
To use Amazon Business Pay Later, businesses need to have an Amazon Business account and be approved by Affirm. Once approved, businesses can select Amazon Business Pay Later as a payment option at checkout.
Here are some of the benefits of using Amazon Business Pay Later:
- Convenient: Businesses can split purchases of $50 or more into four equal installments.
- Flexible: Businesses can make payments without having to create an Affirm account.
- Competitive: Affirm charges no interest or late fees on its loans.
- Helpful for cash flow: Amazon Business Pay Later can help businesses to improve their cash flow by allowing them to pay for purchases over time.
- Helpful for growth: Amazon Business Pay Later can help businesses to invest in their growth by allowing them to purchase the products and services they need without having to pay the full amount upfront.
Amazon Business Pay Later is a positive development for small businesses. It is a convenient, flexible, and competitive way to finance purchases. Amazon Business Pay Later can help small businesses to improve their cash flow, invest in their growth, and succeed.