A customer applying for Affirm financing may be prompted for a down payment with a debit card. If Affirm can’t approve the full amount, it provides a debit-card down-payment option to enable a customer to complete their purchase right away.
Sometimes this step is combined with one or more of the other additional checkout prompts (i.e. checking account, identity verification).
Step 1: Input information
To avoid difficulty checking out, all the information input must be consistent and belong to the same customer.
Step 2: Input PIN
Affirm texts a PIN to the customer's mobile phone number.
Step 3: Choose terms and provide down payment
A customer may provide a payment using a debit card or ACH bank transfer.
Step 4: Enable autopay (optional)
A customer may enable autopay as soon as they choose their terms.
Step 5: Rerouting to merchant
The customer is redirected to the merchant's site where they see a confirmation number verifying their transaction. The customer concurrently receives an email confirmation and SMS text message from Affirm.