Affirm Holdings Inc. and Shopify Inc. are rolling out their installment-payment offering to more Shopify merchants in a progression of a partnership between the two companies.
The companies announced Thursday that the offering, which lets people split purchases into installments, will now become an option for "hundreds of thousands" of Shopify SHOP, +1.28% merchants. The broad rollout will also make the installment option available for the "millions" of consumers using Shop Pay and the Shop app, according to a Shopify blog post.
Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Shopify (SHOP) closed at $1,231.10, marking a +1.28% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.47%.
Coming into today, shares of the cloud-based commerce company had gained 12.15% in the past month. In that same time, the Computer and Technology sector gained 2.06%, while the S&P 500 lost 0.12%.
Wall Street will be looking for positivity from SHOP as it approaches its next earnings report date. On that day, SHOP is projected to report earnings of $0.98 per share, which would represent a year-over-year decline of 6.67%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 43.98% from the year-ago period.
Shopify Dishes on Main Street's Prospects
"Of those, three in five (59 percent) say they may be forced to close their business within the next 24 months," according to the report. It laid out one of the key issues for these stores: They tend to underestimate factors that discourage people from buying.
For instance, as many as 38 percent of U.S. consumers report that not knowing product availability stops them from visiting an establishment, while only 19 percent of stores recognized that as an obstacle.
Netflix partners with Shopify for online store launch — Retail Technology Innovation Hub
Netflix already has licensing deals for hundreds of products based on its original programming, sold by the likes of Target, Walmart, Amazon, H&M, and Sephora.
And it has now launched Netflix.shop , initially in the United States, with a view to rolling it out to international markets in the coming months.
Lupin Part 2 premieres in 12 hours!
Until then, here are two very important new photos of @OmarSy pic.twitter.com/SFMnrkVJeH
Shopify, Affirm open access to buy now, pay later service for US merchants | BetaKit
Canadian e-commerce firm Shopify and American buy now, pay later (BNPL) tech company Affirm have opened up access to Shop Pay Installments for eligible Shopify merchants in the United States.
"We have taken a complex technical problem and built a simple, easy-to-use tool to help businesses of all sizes and in many verticals thrive."
The service gives consumers that use Shop Pay and the Shop App access to an interest-free payment installment option when purchasing products from merchants that have the option enabled. Shop Pay Installments, which is powered by Affirm's BNPL technology, avoids sending buyers to another website to complete their purchase, which Affirm claims makes it unique among BNPL solutions.
Shopify: Customer service lets small brands compete with marketplaces | Chain Store Age
Independent retailers and brands face stiff competition from large online marketplaces, but can leverage personalization and product quality to thrive.
In a virtual roundtable discussion sponsored by e-commerce platform Shopify, "The Return of Local Retail to U.S. Main Streets, two independent retailers which use the hosted Shopify solution to perform e-commerce discussed the challenges and opportunities of omnichannel retailing.
Versus Systems Inc enables Shopify entrepreneurs to promote their products using its prizing and
Versus Systems has a novel approach to digital advertising that yields better results for brands and consumers
The Versus prize-based advertising app allows Shopify partners to connect their stores to the Versus ad platform, where they can then offer their products, coupons, and product samples to audiences inside a wide variety of apps, games, and shows.
READ: Versus Systems successfully tests rewards and XEO technology with boxing champ Canelo Alvarez and Crush
'Shopify for physical stores' raises £1.3m - BusinessCloud
Retail disrupter Mercaux has secured £1.3 million in new debt financing from Flashpoint Venture Debt.
The London firm helps transform retail stores from simple point of sale, into multi-purpose centres that deliver a personalised in-store customer experience and omnichannel sales, as well as serve as customer acquisition and remote selling channels.
It achieves this by deploying built-for-purpose modular in-store digital platform that connects stores to eCommerce and other systems, such as OMS, PIM and CRM.
Affirm Expands Relationship with Shopify with Shop Pay Installments
In a blog post, Affirm founder and CEO Max Levchin said they were thrilled to support these unique merchants:
“One in four merchants that used Shop Pay Installments during its early access saw 50% higher average order volume compared to other payment methods. Shop Pay Installments doesn't just enable merchants to provide buyers with a more flexible and transparent way to pay, but it also provides unparalleled speed and ease of integration. Unlike other buy now, pay later solutions, Shop Pay Installments avoids sending buyers offsite to complete their purchase.
Shopify Inc - Class A (SHOP) gains 1.2780% for June 10 | Equities News
Shopify Inc - Class A (NYSE: SHOP) shares gained 1.2780% to end trading Thursday at $1231.10 per share - a net change of $15.54. Shares traded between $1,237.06 and $1,198.10 throughout the day.
The New York Stock Exchange is the world's largest stock exchange by market value at over $26 trillion. It is also the leader for initial public offerings, with $82 billion raised in 2020, including six of the seven largest technology deals. 63% of SPAC proceeds in 2020 were raised on the NYSE, including the six largest transactions.
Happening on Twitter
Since founding @Affirm we've been delivering honest financial products that improve lives. Today, we've taken anoth… https://t.co/4pr3cGiBOz mlevchin (from SF, CA) Thu Jun 10 12:10:26 +0000 2021
We've partnered with @affirm in the U.S. to create the best buy now, pay later option for @Shopify merchants - Shop… https://t.co/a8ReRx0q5A CanadaKaz Thu Jun 10 12:26:27 +0000 2021
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