Shopify Teams Up With PayPal Co-Founder in Battle With Amazon
- Canadian e-commerce firm links with Affirm on payment plans
- Move aimed at luring shoppers who want to avoid credit cards
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Shopify Inc. is stepping up its competition with Amazon.com Inc. by adding another U.S. partner, Affirm Inc., to capitalize on the surge in online shopping during the pandemic.
The Canadian e-commerce giant is working with Affirm to offer flexible payment plans to U.S. consumers. The partnership means merchants using Shopify’s platform will be able to offer an installment plan that gives shoppers the option to split purchases into four payments. It’s expected to roll out before the end of the year.