CNBC’s Kate Rooney spoke with our Founder and CEO, Max Levchin, yesterday about the clarity and control that Affirm’s transparent payment options can offer consumers. “It’s excellent when consumers are being smarter with their money… We help them buy things and pay over time with a great degree of clarity and control… There are no late fees. There’s no deferred interest,” Max said. “We've never charged a penny of late fees. The reason for that is not just that it's a marketing line and consumers benefit, it's the fact that it fundamentally aligns us with consumers… We don't make money when they're struggling. We don't benefit from their misfortune.” Watch here: https://bit.ly/4dGHHdb
This page is full of misinformation as if Affirm had a quality team and leadership that coaches reps the right way. I would not be lied to and have reps make up things to get me off the line. I had to fight with a supervisor today for a simple transaction history on a card he states was only for 24hrs but upon advising him of another card that was opened past 24hrs he lied and tried to avoid giving me this info because it was contrary to his made up explanation.
quite honestly that 10% metric is a missleading way to see it. there is a high long tail volume of payments below, say, $500 usd. installments are suitable for large ticket items. the question then becomes, what is the penetration in purchases above $500 usd.
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Self Employed at Brooks Insurance
2moAwesome to be able to purchase item that is needed, hassle free!