Affirm Holdings (AFRM) said Wednesday that it has been selected by Costco (COST) under a multi-year deal to be the retail giant's pay-over-time provider.
The company said Costco members shopping online can use its services at checkout to pay over time. It said they will be able to choose from personalized monthly payment plans for shopping cart sizes ranging from $500 to $17,500.
Shares of Affirm were up 4.6% while Costco shares were down 0.6% in recent early trading.
Price: 56.43, Change: +2.49, Percent Change: +4.62
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.