Affirm partners with Agoda to bring BNPL to hotel bookings
Affirm, the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with global travel platform Agoda, part of Booking Holdings, the world’s leading provider of online travel and related services.
Now, eligible travelers can book their hotel room for their upcoming trips on the Agoda platform, both on the web and through the app, and pay over time for bookings over $50.
By selecting Affirm as a payment option on the platform, eligible travelers can split the total cost of purchases into bi-weekly or monthly payments for as low as 0% APR. They are shown the full cost of their purchase and will never pay more than the agreed amount in advance. With Affirm, customers will know exactly what they owe with no additional late fees or hidden fees. Agoda integrates Affirm’s Adaptive Checkout to provide customers with dynamic payment options to suit a variety of budgets and preferences, including four interest-free bi-weekly payments as well as monthly payment options.
“We are always looking for innovative ways to help more people access travel, using technology to simplify the search, booking and payment processes,” said Thi-Mai-Linh Bui, Chief Financial Officer of ‘Agoda. “The launch of pay-over-time options with Affirm will allow travelers to North America who may have previously found it inconvenient to pay for their reservation in one lump sum to spread the costs over multiple payments without incurring compound interest. or additional costs. We help consumers re-enter the world of travel, on their own terms. »
“According to a recent report on consumer spending from Affirm, 80% of consumers agree that 2022 will be the year they splurge on a trip on the to-do list and almost 30% plan to pay travel costs over time rather than all at once,” Affirm said. Revenue Director Geoff Kott. “Our partnership with Agoda gives more travelers a cost-effective way to pay for their next big vacation so they can travel without worrying about late or hidden fees.”
Agoda joins over 200,000 Affirm retail partners, including American Airlines, Vrbo, Priceline, Vacasa, and more. Offering Affirm at checkout can reach new customers, boost overall sales, increase average order value and customer repurchase rates.