Stripe Affirm is a "Buy Now, Pay Later" (BNPL) payment option that allows learners to split their purchases into manageable installments over a specified period. This payment method offers a flexible alternative to traditional credit cards, enabling customers to make larger purchases without the immediate financial burden.
Benefits
- Flexible payment plans
- Instant Approval Decision
- Improved Financial Management
- Increased sales
- Enhanced customer experience
Prerequisites
For using Affirm, ensure you meet the following requirements:
- You are a US-based customer
- You’ve selected ‘US Dollar’ currency in the payment settings.
- Your Stripe Payment Gateway is active and functional.
- The transaction amount must be more than $50.
Steps to Enable Affirm on Stripe
1. Access Stripe Dashboard
- Log in to your Stripe account: Start by logging into your Stripe account using your credentials.
- Navigate to the dashboard: Once logged in, you will be directed to your Stripe dashboard, where you can manage your account settings and transactions.
2. Open Payment Settings on Stripe PG
- Go to the Settings menu: Go to the top panel, find, and click on the Settings icon. This section contains various configuration options for your account.
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Select Payments: In the Settings menu, select Payments from the list of available options. This will take you to the payment settings page where you can manage payment methods and configurations.
3. Scroll down and Enable Affirm
- On the Payments settings page, look for the section related to BNPL options or alternative payment methods. Here, you will find the button to turn on Affirm.
4. Enable Affirm Toggle on the Graphy Dashboard:
- Enable Affirm: Go to the left navigation bar > click settings > open payments options > turn on ‘Enable Affirm’.
- You changes will be saved automatically.
Confirmation
Please ensure that the Affirm feature is enabled from both - the Stripe dashboard and the Graphy settings.
For more detailed information please refer: https://docs.stripe.com/payments/affirm
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