Walmart gets buy now, pay later at their self checkout

In a strategic move, Walmart has joined forces with the payments network 'Affirm' to introduce a 'Buy Now, Pay Later' option available at 4,500 stores across the United States. This collaboration enables shoppers to split payments over a period ranging from three to 24 months when making purchases at the self-service kiosks.

The decision comes from recent research conducted by Affirm, revealing that 54% of Americans are actively seeking retailers that provide a 'Buy Now, Pay Later' choice at the checkout.

To stand out from competitors, Affirm's approach doesn't require additional interest charges, late fees, or hidden costs for customers. Instead, based on the purchased items, Affirm uses a one-time interest rate into the total cost of the goods.

For eligible buyers, the option to pay over time becomes available when they make purchases totaling at least $144 in value.