Newegg Partners with Affirm to Give Customers Greater Payment Flexibility on Newegg.com
December 21 2021 - 8:00AM
Business Wire
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading tech-focused
e-retailer in North America, today announced a partnership with
Affirm (NASDAQ: AFRM), a payment network that empowers consumers
and helps merchants drive growth, to bring flexible pay-over-time
options to customers shopping Newegg.com. Paying with Affirm allows
customers the flexibility to split purchases into simple payments
over time, with no hidden or late fees.
“Consumers are demanding flexible payment options this holiday
season and beyond,” said Silvija Martincevic, Chief Commercial
Officer of Affirm. “According to Affirm’s Consumer Spend Report,
more than half of Americans are interested in using a pay-over-time
solution for their holiday shopping this year. By teaming up with
Newegg, we are delivering flexibility, control and transparency at
checkout to give consumers the confidence to purchase their
favorite electronics.”
Customers processing orders $100 and above now have the option
to pay over time with Affirm. Selecting this payment method enables
them to split purchases into monthly payments. Affirm charges
simple interest that never compounds. Customers never pay a penny
more than the amount they agree to up front, with no hidden or late
fees even if they miss a payment, giving customers the simplest and
most transparent way to finance their purchases on Newegg.com.
“We’re committed to giving our customers payment flexibility,
whether that means offering the latest cryptocurrencies as a
payment option, or giving them the ability to finance larger
purchases over time,” said Anthony Chow, CEO of Newegg. “Our
collaboration with Affirm delivers on that commitment, giving our
customers what we believe is one of the best pay-over-time options
currently available.”
For more information and to shop Newegg, visit
https://newegg.com/. Like Newegg on Facebook, subscribe to Newegg
on YouTube and follow Newegg on Twitter to stay up to date on the
company’s latest news.
About Newegg Commerce, Inc.
Newegg Commerce, Inc., headquartered in the City of Industry,
California, is a leading tech-focused e-retailer in North America
and serves a global customer base throughout Europe, Asia Pacific,
Latin America and the Middle East. Founded in 2001, the company
offers direct sales and an online marketplace platform for PC and
IT hardware, consumer electronics, automotive, gaming products and
finished goods. Newegg also offers an extensive portfolio of
technology, marketing, logistics and other partner services to help
companies grow their business. For more information, please visit
https://www.newegg.com.
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 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.
Payment options through Affirm are subject to eligibility, and
are provided by these lending partners: affirm.com/lenders.
This news release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements give our current expectations,
opinion, belief or forecasts of future events and performance. A
statement identified by the use of forward-looking words including
"will," "may," "expects," "projects," "anticipates," "plans,"
"believes," "estimate," "should," and certain of the other
foregoing statements may be deemed forward-looking statements.
Although Newegg believes that the expectations reflected in such
forward-looking statements are reasonable, these statements involve
risks and uncertainties that may cause actual future activities and
results to be materially different from those suggested or
described in this news release. Investors are cautioned that any
forward-looking statements are not guarantees of future performance
and actual results or developments may differ materially from those
projected. The forward-looking statements in this press release are
made as of the date hereof. The Company takes no obligation to
update or correct its own forward-looking statements, except as
required by law, or those prepared by third parties that are not
paid for by the Company. The Company's SEC filings are available at
http://www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20211221005223/en/
Newegg:
John Snedigar Faultline Communications john@faultlinecomms.com
408-705-7518
Investor Relations: Lena Cati The Equity Group Inc.
lcati@equityny.com 212-836-9611
Affirm: Alex Rafter press@affirm.com (650)398-2715
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