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10 Apps Like Affirm Alternatives for Smart Buying and Saving

10 Apps Like Affirm Alternatives for Smart Buying and Saving

People all over the world want flexible Buy Now, Pay Later (BNPL) options. Customers can pay for things on these sites in installments, which lets them get the items now and pay for them later. As of now, 360 million people use the BNPL options. By 2027, that number will have grown to 900 million. Affirm or apps like affirm work with big stores and have grown to be some of the biggest players in the field.

We’ll look at the main features of these apps and weigh their pros and cons to help you choose the best Affirm options. Okay, let’s begin!

About Affirm

Affirm was started in 2012 in San Francisco and is one of the best point-of-sale loan apps out there. The platform has worked with over 245k businesses and has 40 million customers since it started. Affirm lets merchants set their own terms for short-term loans that can be taken out at the checkout. You can choose from three, six, or twelve-month payment plans.

  • Affirm offers two ways to pay:
  • 4 payments of no interest every two weeks;
  • payments every month.

For instance, if you buy something for $500, you can pay $125 every two weeks with no APR or choose to pay every month for 3/6/12 months at 0–36% interest.

There are no fees for paying late, early, once a year, or starting or closing an account with Affirm. All of Affirm’s programmes have a $30,000 limit.

Users can also control their accounts online or through the Affirm app, and they can set up AutoPay to make sure payments are made on time. It comes as an app for iOS, an app for Android, and a web extension for Google Chrome.

Top 10 Affirm Alternatives in 2024

1) Afterpay

Many people use Afterpay app, a buy now, pay later (BNPL) service. Around 16 million people used the service every month, and 122,000 sellers were connected to it by the end of 2022. Like Affirm, Afterpay lets you pay in 4 stages and on a monthly plan for 6 or 12 months without interest.

When you get an afterpay loan, your buy is split into 4 equal payments, which are due every two weeks. The service takes the amount of each installment due from the way of payment you choose on the due date.

You can pay before the due date at any time. With this method, you can pay off your debt faster and get more credit to use for future purchases. One of the popular ways to pay with Afterpay can be chosen to have money taken out automatically. This could be a bank account or a debit card that is tied.

As long as you pay for everything on time, Afterpay won’t charge you interest on the things you buy. If you miss an Afterpay payment, you may have to pay up to 25% of the order as late fees.

2) Sezzle

One app that works like Affirm is Sezzle apps, which lets you handle your purchases in a number of ways. There are now about 48 thousand sellers on this site. You can pay for your purchases over 4 or 6 weeks, or over 2 weeks with 0% APR. You can also pay every month. There are a lot of different monthly plans from 3 to 48 months at Sezzle. It ranges from 5.99% to 34.99% in this case.

There is a $10 late fee for missing a payment. Your account will be shut down if there aren’t enough funds in it to make a scheduled payment. Then, you have to pay $15 to get the service back up and running. Sezzle can move your payment one time for free.

For Pay-in-4, the least you can spend is $20, and for Pay-in-2, it’s $10. Also, all Sezzle Premium names can only have two open orders at a time. Before you can buy the third thing, you have to pay for the first two.

3) Klarna

Like Affirm, Apps like Klarna is a big point-of-sale company for people who want to buy something now and pay for it later. Over 150 million users can connect with 500,000 merchants through the app. As well as “Pay in 4”, Klarna also lets you “Pay in 30 days” with no interest and “Pay now” for a more traditional shopping experience.

From 6 to 24 months, you can make payments every month. Klarna also raises the interest rate on this loan from 7.99% to 33.99%. The service will add a $7 to $35 late fee to your account if you don’t pay by the due date.

Klarna does two kinds of credit checks: hard and soft. For the “Pay in 4” or “Pay in 30” service, you need the first type. This company checks to see if you pay your bills on time but does not tell the credit bureaus about it. It won’t hurt your credit score in this case. Klarna has stricter rules when it comes to other financial choices, which will show up as an inquiry on your credit report.

Please keep in mind that the Klarna card fee every month is $4.99. The app can also charge a transaction fee per buy.

4) Zip

One of the buy now, pay later apps like Affirm is Zip app, which used to be called Quadpay. In 2023, 6.2 million people used the app, and 72.3 thousand people sold things on it. To sign up for Zip, you need to give them your name, address, email address, date of birth, a US cell phone number, and a bank or credit card.

The Zip payment tool lets you pay for your online purchases over 4 equal payments. When you place your order, you pay 25%. Every two weeks after that, you pay another 25%. This way, you pay for your order in 6 weeks. When you buy between $35 and $99.99, the payment plan costs $4. When you buy between $100 and $199.99, it costs $5. At $200 and above, it costs $6. The smallest amount that can be bought is $35. Fees are not charged. Besides that, there might be a $7 late fee.

This site also offers the Zip Money service. It’s only open to people who have been cleared. Based on proof, Zip sets the credit limit between $1,000 and $5,000. They may also charge a $0 to $99 setup fee. It costs $9.95 a month to have an account on the site. There is a 3-month interest-free time on every transaction. Zip can raise the credit limit to $50,000 for some businesses.

5) PayPal

PayPal is one of the payment apps like Affirm that lets you buy something now and pay for it later. One of the best things about this choice is that you can use it on any website that accepts PayPal, which is over a million.

There are two ways to pay the company: Pay in 4 and Pay Monthly. The first one can be used to buy things worth $30 to $1500. This way, you can pay off the loan in 4 weeks without having to pay interest. Autopay works for debit, credit card, or approved bank accounts. You can also use your PayPal balance, but this time you can’t set up autopay.

With Pay Monthly, you can buy things from $199 to $10,000. PayPal lets you split the payment into 6, 12, or 24 equal payments. The interest rate in this case is between 9.99% and 35.99%.

PayPal adds any amount that wasn’t paid on time to the next monthly bill. This can be reported to credit companies, and the service can charge a $41 late fee.

6) PerPay

One of the BNPL apps like Affirm that lets people buy things and pay for them over a few months is PerPay. When you buy something through the service, you don’t have to pay interest or late fees, and you can choose from different payment terms for up to six months.

Payments are taken automatically by PerPay from the way of payment chosen by the customer. The amount you can spend is based on your salary, and you can buy things on the PerPay marketplace.

PerPay+ is an add-on that you can choose to use with the service. Once the service is turned on, the platform will start sending payments to credit bureaus so that buyers can improve their credit score. But this only works if you make trades on time that total more than $200 in 4 months.

7) Four

One of the best Affirm options might be Four App, which gives you more freedom when you shop. You can also buy things with Four and pay for them over 4 payments without interest.

One great thing about this site is that you can check out with just one click. There are two easy ways to pay: Apple Pay or Google Pay. You will get proof right away. Since the site doesn’t check your credit, these purchases won’t have an effect on it.

Four is mostly about fashion, beauty, and home goods. At the same time, the app is always adding more shops that it works with. Shadesdaddy, Ralph Christian, and A.Soliani are some well-known shops that are taking part.

If you don’t make a payment on time, you’ll be charged $7 for each one. If you pay all four payments on time, though, you won’t have to pay interest on what you buy.

8) Uplift

When it comes to travel, Uplift is one of the best Buy Now, Pay Later apps. This site doesn’t charge fees for being late or for paying early. You may pay anywhere from 0% to 36% interest, though, depending on what you bought and your credit background.

One good thing about Uplift compared to apps like Affirm is that it focuses on travel buying. They have a lot of sellers, like hotels, airlines, cruise lines, travel agents, ticket sellers, and more. Airlines like Atlantis, American Airlines, Air Canada, and AeroMexico are some of them. Right now, Uplift can be used anywhere in the US and Canada.

9) Zebit

Zebit is one of the loan apps that tries to help people who don’t have many credit choices. Zebit lets you buy something now and pay for it later. It lets people buy many things, like clothes, electronics, and things for the home. There are no extra costs if you pay for more than six months. No changes are made to your credit score during the application process, and the payment plans are open.

But before you use Zebit, there are some important things you should keep in mind. To begin, things on Zebit might cost more than things you can find elsewhere. Second, to get credit through Zebit, you will need to show proof of income. It won’t help you build your credit score either because Zebit doesn’t send your payment information to credit bureaus. Lastly, Zebit doesn’t let you return or get a refund on things you don’t want, unlike many other stores. It could take longer and cost more to ship than at other stores.

10) Postpay

In the UAE, Postpay is one of the apps that works like Affirm and lets you pay for things over time. With Postpay, you can pay for your item in three equal payments. From the date of purchase, they are due every month. If you pay all three payments on time, there are no interest fees.

A short time ago, Postpay made it possible to split payments into 6 and 12 months. The site doesn’t say how much interest is charged because it figures it out for each person during verification.

When the due date comes and goes, Postpay will try to reverse the payment again the next day if it fails. If this try also fails, there will be a late fee. Credit bureaus are told about late payments by the site. You also won’t be able to use Postpay again until you settle your bill.

Final Words

That’s all of the 10 apps that work like Affirm. Overall, these sites offer a lot of different ways to pay, from spreading out the cost over several payments to taking out loans that last for years. But make sure that these terms are right for you before you choose this method. If not, it can often lead to spending too much and having high loan rates.

Ashley Richmond

Ashley Richmond

View all posts by Ashley Richmond

Ashley earned her M.B.A. from The University of Texas at Dallas, where she gained a solid foundation in business strategy and management, further enhancing her ability to bridge the gap between technology and business needs.

Ashley has spent the past several years working in the IT industry, with a focus on AI innovations, AR, VR, Blockchain, and GPT technologies. She has held various positions in IT management, software development, and AI research, consistently delivering exceptional results and driving technological advancements.

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