Walmart adds ‘buy-now, pay later’ option at 4,500 self-checkouts

Walmart adds ‘buy-now, pay later’ option at 4,500 self-checkouts

For the first time, Walmart will offer “buy now, pay later” loans at select self-checkouts, lender Affirm Holdings announced this week.

According to an announcement by Affirm, the loans will be offered via self-checkout at more than 4,500 U.S. stores. To qualify, buyers must spend at least $144 on Walmart products, excluding groceries, with a financing limit of $4,000. Shoppers can then spread those payments out over three to 24 months through Affirm.

“Expanding our partnership with Walmart and bringing Affirm’s transparent monthly pay-over-time options to their self-checkout kiosks in the U.S. will help even more consumers increase their purchasing power during the holiday shopping season and beyond,” Pat Suh, Affirm’s SVP of Revenue, said in a statement.

According to Reuters, shoppers wanting to use the service at self-checkout with log onto Affirm’s app or website and enter details, including the last four digits of their social security number. Approved shoppers will receive a barcode to finalize payment.

Customers can also use the payment option on Walmart.com, in the Walmart app and at Walmart Vision and Auto Centers.  According to  Affirm, eligible customers will be shown the total price of their purchase without any late or hidden fees.

On its website, Walmart shows “Affirm-eligible favorites,” including TVs, video games, mattresses, furniture, toys, appliances, tires and baby essentials.

Affirm has been eligible with employee assistance at Walmart stores since 2019.