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Affirm payment option

Status: Requested 5 Votes
tdblanchard
Feb 1, 2022 9:35 AM
Joined Oct, 2020 9 posts

Has anyone looked into accepting Affirm as a payment method for potential guests? Our weekly rentals are ~$10k and with a monthly zero interest option, it might open the flood gates…
Thoughts?

Kaye C
Apr 2, 2022 9:28 AM
Joined Dec, 2021 2 posts

I started using channel bridge in January. Which means I started getting guest addresses. Once I figured out why so many had a specific California address (they cam from Affirm), I learned about Affirm. In the first three months using Channel Bridge, 17% of my VRBO reservations have used Affirm. I understand that once API takes effect, the Affirm payment option will no longer be offered as an option to my VRBO guests. This is concerning. So yes, it would be good to be able to offer Affirm. I'm assuming that individual small businesses cannot do that. But I wonder if there is another way, perhaps something OR can arrange. By the way, as I understand it Affirm is not zero interest. I believe they charge an interest rate, but it may be less than a credit card charges and I think they apply interest - rate determined by guest credit rating - to the whole amount and then  split the payments over a specified time period. Not really sure of the details, but the method seems to be advantageous compared to a credit card. Also there seem to be different methods of using Affirm. Some transaction were paid by Affirm, some paid by Affirm Visa. Don't know what that's about.

 

On the other hand, I've held off splitting payments for direct bookings until after API gets done. Maybe allowing split payments on VRBO API bookings will alleviate that. At least for far future bookings.  

BlueMtnCabins
Apr 6, 2022 2:35 PM
Joined Jun, 2016 993 posts

You can simply have them pay a deposit, send them payment link and they can make payments at their own pace as long as they are paid by due date. Works for advance bookings. 

Kaye C
Apr 6, 2022 3:11 PM
Joined Dec, 2021 2 posts

Oh, good idea. Thanks!

BlueMtnCabins
Apr 6, 2022 4:00 PM
Joined Jun, 2016 993 posts

In my thank you for booking template, I have this line

 

If you booked direct with us, Vrbo or HomeToGo, here is payment link if you wish to make interim payments.