About Affirm payments

In the coming months, QuickBooks Online will offer Affirm as a payment method, allowing your customers to pay over time using QuickBooks Payments. When a customer uses Affirm, your business receives the full amount of the invoice up front with transaction fees then deducted, while the customer pays Affirm back in installments.

Note: Currently, Affirm does not support recurring invoices or subscriptions.

How Affirm works for your business

Once enabled for your account, you can offer Affirm as a payment option through QuickBooks Payments. Affirm is designed to fit into your existing business processes with no extra setup or steps required; your standard invoicing, refunds, reconciliation, and dispute workflows remain unchanged.

While Affirm is available for transactions between $50 and $20,000, the amount approved is based on the customer’s individual credit profile. Your business will pay a processing fee for each transaction. 

Affirm settles funds via Intuit directly to your bank account typically the next business day after the transaction. The transaction fees for Affirm are deducted the same way as the fees for other payment methods in QuickBooks Payments and Affirm transactions will reconcile to your accounting records just like other payment methods.

Affirm takes on the full repayment risk. If a customer misses a payment, it does not affect your upfront payout and there is no risk to your business.

How Affirm works for your customers

When a customer chooses to pay with Affirm, they complete an application process with Affirm with an approval decision made in real time. Your customer’s credit won't be impacted by creating an Affirm account or checking eligibility. When your customer applies for Affirm financing, it's considered a soft inquiry, which does not impact their credit. If the customer decides to pay with Affirm, their payment plan and repayment activity will be reported to credit bureaus.

If approved, the customer chooses a payment plan, such as monthly installments ranging from 3 months to 36 months. Their interest rate and payment terms will vary based on their credit profile. If a customer is not approved, they must pay with a different payment method.

You get paid for the full amount of the invoice upfront by Affirm with transaction fees then deducted, even if a customer misses a payment. Affirm doesn’t charge late fees, which helps keep your customer relationships positive. If customers need more information, they can visit the Affirm Help Center.

Manage Affirm settings

After Affirm is enabled for your account, you can manage the Affirm settings at the company level, or right in the individual invoice.

Turn Buy now, Pay later on or off

To turn the feature on or off at the company level:

1. Go to Settings , then select Account and settings.
2. Select the Sales tab.
3. For the Invoice payments section, select Edit .
4. Turn the Buy now, Pay later switch on or off as needed.
5. Select Save.

Turn Buy now, Pay later on or off for an invoice

To turn the feature on or off for an individual invoice:

1. Create a new invoice, or open an existing one.
2. Select Manage to open the invoice settings panel.
3. Select the Payment options section.
4. Turn the Buy now, Pay later switch on or off as needed.
5. Finish creating your invoice.

Need additional help?
Log in to QuickBooks Online. Select the Question mark icon, search for "contact support", and select Contact Us to start a chat or request a callback from a QuickBooks expert.

Disclosure: Payment options through Affirm are subject to an eligibility check, may not be available everywhere, and are provided by these lending partners: affirm.com/lenders. For example, a shopper’s $1,000 purchase might cost $90.26/mo over 12 months at 15% APR. Options depend on your purchase amount, and a down payment may be required. For licenses and disclosures, see affirm.com/licenses.

Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For details about our money transmission licenses, or for Texas customers with complaints about our service, please visit https://www.intuit.com/legal/licenses/payment-licenses/.

*QuickBooks Payments: QuickBooks Payments account subject to eligibility criteria, credit, and approval. Subscription to QuickBooks Online required. Not available in US territories or outside the US