Is affirm, after pay and bnpl a threat to stripe and PayPal?
Nov 19, 2021
10 Comments
Seems like affirm is really taking off.
I'm just not clear on how the checkout works, but seems like on most merchant sites, you either enter the pay by credit card or you pay by affirm.
So essentially affirm cuts out the payment service providers. Is that right? Thata a big problem for stripe and PayPal no?
comments
I’d speculate that BNPLs are engaged in a price war and land grab that doesn’t yield much in terms of profitability (very hard to raise take rates).
Ultimately what would the merchant pay stripe when affirm which is also a tech company offer their own integration stack.