LOS ANGELES–(COMMERCIAL THREAD) – Newegg Commerce, Inc. (NASDAQ: NEGG), a leading technology-focused online retailer in North America, today announced a partnership with Affirm (NASDAQ: AFRM), a payment network that empowers consumers and helps merchants drive growth, to provide flexible, time-based payment options to customers who buy from Newegg.com. Paying with Affirm allows customers to divide their purchases into simple payments over time with no hidden or late fees.
“Consumers demand flexible payment options during the holiday season and beyond,” said Silvija Martincevic, Commercial Director of Affirm. “According to Affirm’s Consumer Spending Report, more than half of Americans are interested in using a pay-per-term solution for their holiday shopping this year. By partnering with Newegg, we provide flexibility, control and transparency at checkout to give consumers the confidence to purchase their favorite electronics.
Customers processing orders of $ 100 and over now have the option to Pay Over Time with Affirm. Selecting this payment method allows them to split purchases into monthly payments. Affirm charges simple interest that never accrues. Customers never pay a dime more than the amount they agree to up front, with no hidden or late fees even if they miss a payment, giving customers the easiest and most transparent way to fund their business. shopping on Newegg.com.
“We are committed to providing our customers with payment flexibility, whether it’s offering the latest cryptocurrencies as a payment option or giving them the ability to fund larger purchases over time,” said Anthony Chow, CEO of Newegg. “Our collaboration with Affirm lives up to this commitment, providing our customers with what we believe to be one of the best payment over time options currently available.”
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About Newegg Commerce, Inc.
Newegg Commerce, Inc., headquartered in City of Industry, Calif., Is a leading technology-driven online retailer in North America and serves a global customer base throughout Europe, Asia- Pacific, Latin America and the Middle East. Founded in 2001, the company provides direct sales and an online marketplace platform for computer and computer hardware, consumer electronics, automotive, gaming products and finished products. Newegg also offers an extensive portfolio of technology, marketing, logistics and other partner services to help companies grow their businesses. For more information, please visit https://www.newegg.com.
About Affirm
Affirm’s mission is to provide honest financial products that improve lives. By creating a new kind of payment network, built on trust, transparency and putting people first, we empower millions of consumers to spend and save responsibly, and empower thousands of businesses. tools needed to stimulate growth. Unlike credit cards and other payment options over time, we show consumers exactly what they will pay up front, never increase that amount, and never charge late fees or hidden fees. Follow Affirm on social networks: LinkedIn | Instagram | Facebook | Twitter.
Payment options through Affirm are subject to eligibility and are provided by these lending partners: affirm.com/lenders.
This press release contains “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, opinions, beliefs or forecasts of future events and performance. A statement identified by the use of forward-looking words such as “will”, “may”, “expects”, “projects”, “anticipates”, “plans”, “believes”, “estimate”, “should” and certain of the other foregoing statements may be deemed to be forward-looking statements. Although Newegg believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to differ materially from those suggested or described in this press release. Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected. The forward-looking statements contained in this press release are made as of the date hereof. The Company assumes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties which are not paid by the Company. Documents filed by the company with the SEC are available at http://www.sec.gov.
