Afterpay will offer its buy now pay later (BNPL) payment service to Stripe merchants through an easy and seamless integration as part of the latest partnership between the two companies.
The partnership allows new and existing Stripe merchants to offer Afterpay for shoppers to receive items immediately and pay in four instalments, without the need to take out a traditional loan or pay upfront fees or interest. Businesses on Stripe can start accepting Afterpay in minutes—there’s no application, onboarding, or underwriting process to get started.
“Stripe is delighted to partner with Afterpay to make it easy and fast for online businesses to offer their customers BNPL,” Stripe business lead for Asia Pacific, Noah Pepper said.
“We’ve seen strong demand from users around the world for flexible payment options, and this partnership gives businesses on Stripe an effective tool for capturing more sales and reaching new customers.”
Afterpay and Stripe are extending the payment service to top e-commerce platforms with Squarespace the first platform to leverage the partnership and offer Afterpay to customers.
By offering Afterpay, Squarespace enables merchants to build a fully integrated checkout experience, while maintaining the look and feel of their brand. Merchants will also experience the benefits of offering customers a flexible payment option, which is proven to attract new customers and deliver higher conversions and average order values.
Afterpay has been a top requested feature from customers, according to Squarespace chief product officer, Paul Gubbay.
“Through this partnership, we’re glad to be able to offer our merchants even more flexibility in how they transact with their customers and increase topline sales without having to sacrifice the design elements unique to their brand,” he said.
Afterpay senior vice president of global sales strategy and operations, Ben Presseley said, “Millennial and Gen Z consumers are demonstrating a clear preference for flexible payment options that allow them to budget and spend responsibly.
“By partnering with Stripe and Squarespace, we’re equipping retailers with the tools to meet this consumer demand – offering the younger generation a way to use their own money and pay over time, always free of interest.”
Stripe merchants in Australia, New Zealand and the US can now integrate Afterpay, with availability for UK and Canada merchants soon. Squarespace offers the combined integration of Stripe and Afterpay to their commerce customers in Australia, New Zealand and the US, and will be made available to Canadian customers soon.