In a way, Amazon has actually been trialing such a model at its Amazon Go grocery stores, where customers can just grab items off the shelf and walk out and they will be charged later.
With this new Affirm partnership, Amazon customers will in the future be able to split their bills. This means that purchases of $50 or more can be split into monthly payments using Affirm. They will be shown the final cost of their purchase at checkout, and this will be the amount that they will pay so that there won’t be any surprises later.
Of course, there will be interest charged since that will be how Affirm makes their money. This amount is expected to vary from 0% up to 30% APR. Customers will also be able to choose between 3 months to 48 months in terms of repayment duration.