Affirm Pay Now Authorization and Agreement

Charges & Financial Obligations · Permission or license

Pay Now uses a separate debit card, or a credit card only at select merchants

Pay Now allows the customer to pay in full for a purchase made using Affirm with a separate debit card, or with a credit card at a select number of merchants. Both are called the "Payment Card".

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Pay Now allows you to pay in full for a purchase made using Affirm with a separate debit card or, at a select number of merchants, a credit card ("Payment Card").

Qualifications & exceptions

• The credit-card option is limited to select merchants; the debit-card option is not given the same merchant limit in this paragraph.

Not stated here

• The source does not identify the select merchants or explain what makes the debit card "separate".

Charges & Financial Obligations · Company practice

The card is charged today for the checkout amount unless the merchant confirms the order later

Except as set forth below, Affirm will charge the Payment Card today for the amount disclosed at checkout, the "Purchase Amount", with an Affirm merchant. If the Merchant confirms the order on a later date, for example because shipping is delayed, the card may not be charged until that time. The opening "Except as set forth below" makes the today-charge rule subject to the qualifications that follow in the document, including the delayed-confirmation sentence and the additional terms that allow the Purchase Amount to be adjusted and keep the authorization valid until the Merchant reports the order processed.

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Except as set forth below, Affirm will charge your Payment Card today for the amount disclosed to you during the checkout process ("Purchase Amount") with an Affirm merchant ("Merchant").

If the Merchant confirms your order on a later date, such as if there is a delay before it is shipped, your Payment Card may not be charged until that time.

Qualifications & exceptions

• The charge date can move to the merchant's order-confirmation date, and the charged amount is the Purchase Amount, which the additional terms allow to be adjusted before checkout.

Not stated here

• No maximum delay between checkout and the merchant's confirmation is stated.

Charges & Financial Obligations · Company commitment

Returns follow the merchant's policy, and Affirm refunds when the merchant returns the funds

Returns and cancellations are governed by the Merchant's terms and return policy, and questions about whether a purchase can be canceled or returned go to the Merchant. Affirm will provide a refund if funds are returned to Affirm by the Merchant, and refunds are processed to the original payment method.

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Returns and cancellations are governed by the Merchant's terms and return policy.

We will provide you with a refund if funds are returned to Affirm by the Merchant.

When Affirm processes refunds, it will be to your original payment method.

Qualifications & exceptions

• The refund undertaking is conditional on the Merchant returning the funds to Affirm; the return or cancellation right itself depends on the Merchant's policy.

Not stated here

• Refund timing and what happens if the Merchant does not return the funds are not stated.

Charges & Financial Obligations · Company commitment

No Pay Now fees or interest, but card-issuer fees are not Affirm's

There are no fees for use of Pay Now. The document states that Pay Now is not a loan and that there are no interest or finance charges. Affirm is not responsible for fees, interest or other charges imposed by the financial institution that issued the Payment Card, including finance charges, overdraft and NSF fees; questions about those go to the financial institution.

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There are no fees for use of Pay Now. Pay Now is not a loan and there are no interest or finance charges.

Affirm is not responsible for any fees, interest, or other charges imposed by the financial institution that issued your Payment Card to you (including finance charges, overdraft, and NSF fees).

Qualifications & exceptions

• The "no fees" statement covers use of Pay Now itself; the Purchase Amount may still include taxes, shipping costs or other fees a Merchant charges that the customer authorized.
• The disclaimer covers charges imposed by the card-issuing financial institution, not merchant charges or the Purchase Amount.

Not stated here

• The source does not state how a credit-card issuer will treat or classify the charge; it only disclaims responsibility for issuer-imposed fees.

Charges & Financial Obligations · Procedure

Purchase Amount is the checkout total and may be adjusted before checkout

The Purchase Amount is the amount displayed on the checkout screen. It equals the total cost of goods or services in the cart, which may be adjusted to include (i) applicable taxes, shipping costs or other fees the customer authorized and a Merchant charged, (ii) goods or services added to the order after agreeing to this Agreement but before checking out with the Merchant, and (iii) reductions or increases from exchanges or returns applied to the current cart. Questions about the Purchase Amount go to the Merchant. Each purchase is processed in U.S. dollars.

Supporting quotations

Purchase Amount. This is the amount displayed on the checkout screen.

It equals the total amount of the cost of any goods or services in your cart, which may be adjusted to include (i) any applicable taxes, shipping costs, or other fees that you have authorized and that are charged by a Merchant, (ii) any goods or services added to your order after you agree to this Agreement but before checking out with the Merchant, or (iii) any reductions or increases due to exchanges or returns applied to your current cart.

Each purchase will be processed in U.S. dollars.

Qualifications & exceptions

• The amount may change after the customer agrees to this Agreement but before checkout; the charge authorization covers the Purchase Amount as defined, not only the figure first displayed.

Not stated here

• The source does not describe how the customer sees or approves an adjustment made after signing but before checkout.

Charges & Financial Obligations · Permission or license

Affirm is instructed to pay the merchant and to limit the merchant's receipt for an agreed period

By using Pay Now for the purchase, the customer authorizes and instructs Affirm to send the Purchase Amount to the Merchant as payment and to limit the Merchant's ability to receive the Purchase Amount for a period Affirm has agreed with the Merchant. The period is agreed between Affirm and the Merchant; this document does not set its length or give the customer a role in it.

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By using Affirm Pay Now to pay for this purchase, you are authorizing and instructing us to send the Purchase Amount to the Merchant as payment for the purchase and to limit the Merchant's ability to receive the Purchase Amount for a period of time we have agreed with the Merchant.

Qualifications & exceptions

• The instruction to send the Purchase Amount to the Merchant and the limit on the Merchant's receipt are operations between Affirm and the Merchant, separate from the charge to the customer's Payment Card authorized in the same paragraph.

Not stated here

• The length of the hold period and what happens to the funds during it are not stated.

Charges & Financial Obligations · Permission or license

The customer promises to pay Affirm and authorizes a charge to the specified card

The customer promises to pay Affirm the Purchase Amount in accordance with the Agreement and authorizes Affirm to charge the Purchase Amount to the Payment Card specified at the time of purchase. The customer also promises that the Payment Card is open, in good standing and active, and that the customer is either the primary cardholder or an authorized user of the card.

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You promise to pay Affirm the Purchase Amount in accordance with this Agreement, and authorize us to charge the Purchase Amount to the Payment Card that you specify at the time of your purchase.

You promise that your Payment Card is open, in good standing and active, and that you are either the primary cardholder or an authorized user of the Payment Card.

Qualifications & exceptions

• The charge authority is tied to the Payment Card specified at the time of purchase.
• The card-status and cardholder promises are conditions the customer makes by using Pay Now.

Not stated here

• The source does not say what happens if the specified card is closed or replaced before the charge is processed.

Charges & Financial Obligations · Procedure

The charge authorization stays valid until the merchant reports the order processed

The authorization remains valid until the Merchant informs Affirm that it has processed the order, which may not be today. The authority to charge is therefore not limited to the day of checkout.

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This authorization remains valid until the Merchant informs us it has processed your order, which may not be today.

Qualifications & exceptions

• The end of the authorization depends on the Merchant notifying Affirm; the customer does not control that notification under this paragraph.

Not stated here

• No outside time limit for the Merchant's notification is stated.

Charges & Financial Obligations · Permission or license

Affirm may charge the card to correct its own processing errors

The customer authorizes Affirm to charge the Payment Card as necessary to correct any error Affirm may make in processing a payment, on or after the date the error occurs.

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Correction of Errors. You authorize us to charge your Payment Card as necessary to correct any error we may make in processing a payment on or after the date such error occurs.

Qualifications & exceptions

• The authorization is framed around errors Affirm may make in processing a payment; no notice or approval step for the corrective charge is described.

Not stated here

• The source does not state a cap on corrective charges or whether the customer is told before one is made.

Charges & Financial Obligations · Permission or license

A rejected payment may be retried up to two additional times

Unless otherwise limited by law, if a payment under the Agreement is rejected or returned unpaid or partially unpaid, the customer authorizes Affirm to reinitiate it up to two additional times. Affirm is under no obligation to reinitiate a rejected charge. The customer understands that the card issuer may impose fees for rejected charges and agrees that Affirm has no liability for those fees.

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Rejected and Reinitiated Payments. Unless otherwise limited by law, if any payment under this Agreement is rejected or otherwise returned unpaid or partially unpaid, you authorize us to reinitiate it up to two additional times.

However, you agree that we are under no obligation to reinitiate any rejected charges.

You understand that your financial institution or card issuer may impose fees in connection with rejected charges, and you agree that we do not have any liability to you for such fees.

Qualifications & exceptions

• The retry authority is a permission, not a promise to retry, and it is limited to two additional attempts and by applicable law.
• Fees the card issuer imposes for rejected charges are the customer's, and Affirm disclaims liability for them.

Not stated here

• The source does not state when or how quickly the retries occur.