Newegg Brings Affirm’s Flexible Payment Options to Canada
November 01 2022 - 9:00AM
Business Wire
Newegg Commerce, Inc. (NASDAQ: NEGG), a leading global
technology e-commerce retailer, and Affirm (NASDAQ: AFRM), the
payment network that empowers consumers and helps merchants drive
growth, today announced the expansion of their partnership into
Canada, bringing increased payment flexibility and transparency to
customers shopping on Newegg.ca. Eligible customers can now use
Affirm to pay over time for their purchases on Newegg.ca. Newegg
has been offering Affirm to its U.S. customers since 2021.
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Affirm is coming to Newegg.ca (Graphic:
Newegg)
Similar to Newegg’s U.S. e-commerce site, Newegg.ca customers
who select Affirm as a payment option at checkout will go through a
quick and free soft credit check that won’t impact their credit
score. In seconds, Affirm's technology will determine available
payment options for each customer. If approved, eligible customers
will be able to split their purchases of $100 CAD or more. From the
start, eligible customers will know how many payments they have and
when they'll be done paying. Even if they're late or miss a
payment, a customer’s total payment amount will not increase. They
will also not be charged a late or hidden fee.
“Our Canadian customers now have the same benefits and shopping
flexibility with Affirm that we have been offering our U.S
customers since 2021,” said Danny Yip, Senior Category Manager for
Newegg Canada. “Unlike other financing options, Affirm’s platform
doesn’t charge late fees and allows approved customers to choose
their preferred payment plan at checkout. We expect our Canadian
customers will appreciate Affirm’s flexible payment option for
their tech purchases.”
“Consumers are voting with their wallets by adopting transparent
and flexible payment methods like Affirm,” said Vassil
Chalashkanov, Affirm’s Country Manager, Canada. “Nearly three out
of four Canadians have their budget top-of-mind when shopping. With
the holiday season just around the corner, we are excited to be
expanding our relationship with Newegg into Canada and enabling
eligible consumers to purchase their favorite tech products over
time so they can enjoy gifts without gotchas.”
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.
About Newegg
Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based
in the City of Industry, Calif., near Los Angeles, is a leading
global online retailer for PC hardware, consumer electronics,
gaming peripherals, home appliances, automotive and lifestyle
technology. Newegg serves businesses’ e-commerce needs with
marketing, supply chain, and technical solutions in a single
platform. For more information, please visit Newegg.ca or
Newegg.com.
Newegg Canada’s distribution center and offices are in Richmond
Hill, Ontario.
Follow Newegg on Twitter, TikTok, Instagram, Facebook, YouTube,
Twitch and Discord.
Follow Newegg Canada on Instagram and Twitter.
Cautionary Statement
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 Commerce Inc. (“Company”) 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/20221101005040/en/
Newegg Contacts:
Media Eric Wein Newegg Commerce Inc.
eric.j.wein@newegg.com
Investors Lena Cati The Equity Group Inc.
lcati@equityny.com 212-836-9611
Affirm Contacts:
Media Nicholas Fisher press@affirm.com
Investors ir@affirm.com
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