Evolve Selects Affirm as Its Pay-Over-Time Partner
January 09 2024 - 9:00AM
Business Wire
Travelers now have access to Affirm’s
pay-over-time options, never paying late or hidden fees
Affirm (NASDAQ: AFRM), the payment network that empowers
consumers and helps merchants drive growth, today announced an
exclusive partnership with Evolve, a leading vacation rental
hospitality company with more than 30,000 properties in 750
markets. Now, eligible travelers can book vacation rentals and pay
over time with confidence in simple monthly payments.
By selecting Affirm at checkout, approved Evolve customers can
split the total cost of any booking over $500 into monthly payments
for as low as 0% APR. As Affirm never charges customers any late or
hidden fees, they are shown the total cost of their purchase and
will never pay more than they agree to upfront.
“We knew Affirm was the right partner for Evolve based on their
commitment to transparency – their mission to deliver honest
financial products aligns seamlessly with our vision to be the most
trusted hospitality brand in vacation rental,” said Eric Schueller,
Executive Vice President of Revenue at Evolve. “We look forward to
the positive impact this partnership will have on Evolve bookings
and the opportunity it will create for people to travel and make
memories during these uncertain economic times.”
“Recent Affirm research revealed that the vast majority of
Americans - more than 90% - plan to travel this year, and the fact
that costs remain elevated means it is crucial travelers have
access to flexible and transparent payment options,” said Pat Suh,
Affirm’s SVP of Revenue. “By partnering with Evolve, we are able to
allow more travelers to book trips without concern for late fees or
compound interest.”
When booking with Evolve, travelers are able to book with
confidence, knowing they’ll arrive at a home that’s clean, safe,
easy-to-access, and true to everything they saw online. Further,
guests have 48 hours to cancel bookings made at evolve.com without
penalty, and if their plans change at least 48 hours before
check-in they can receive a credit that’s good for two years.
Evolve joins over 266,000 Affirm retail partners, including
American Airlines, Priceline, Great Wolf Lodge, Cathay Pacific,
SeatGeek, Royal Caribbean, and more. Offering Affirm at checkout
can drive overall sales, increase average order value, and increase
customer repurchase rates.
About Affirm
Affirm’s mission is to deliver honest financial products that
improve lives. By building a new kind of payment network — one
based on trust, transparency and putting people first — we empower
millions of consumers to spend and save responsibly, and give
thousands of businesses the tools to fuel growth. Unlike most
credit cards and other pay-over-time options, we show consumers
exactly what they will pay up front, never increase that amount,
and never charge any late or hidden fees. Follow Affirm on social
media: LinkedIn | Instagram | Facebook | Twitter.
Evolve
Evolve is reimagining the vacation rental experience with our
modern approach to hospitality and property management. We help
guests rest easy with vetted homes, bookings that give back, and
all the support they need for a great stay. We also support owners
in reaching their financial goals, partnering with them to start,
manage, and grow their vacation rental business — all for an
industry-low fee. Learn more at www.evolve.com.
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders. CA
residents: Loans by Affirm Loan Services, LLC are made or arranged
pursuant to California Finance Lender license 60DBO-111681.
AFRM-F
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version on businesswire.com: https://www.businesswire.com/news/home/20240109682911/en/
Affirm Alex Rafter press@affirm.com (650)398-2715 Evolve Ashley
Taylor press@evolve.com (954) 498-5752
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