E-commerce giant Amazon announced it is introducing a buy now, pay later checkout option for the millions of small businesses that use Amazon Business, its e-commerce platform for third-party sellers. BNPL provider, and partner in the roll-out, Affirm, saw its shares jump 19% on the news. The service will offer loans ranging from $100 to $20,000, and will be available to all eligible customers by Black Friday (Nov. 24th). It is specifically suited to sole proprietors, the most common form of business ownership in the U.S.
Amazon Unveils Buy Now, Pay Later Option From Affirm for Small Business Owners
