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-0.000595541943168346 -0.00017015484090519 -0.00017015484090519 -0.000765696784073536 0.00153139356814695 0.00170154840905226 0.00170154840905226 0.00272247745448352
Stock impact report

Affirm Is Exploring Subscription Service to Guarantee 0% APR on Purchases [BNN Bloomberg (Canada)]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Company Research Source: BNN Bloomberg
The company's work was discovered inside code hidden within its iPhone application. The code — not present to end users — indicates the firm is looking at charging $7.99 per month for the service, which would offer upgrades for both Affirm's buy now, pay later plan users and savings account holders. The subscription service under exploration — called Affirm Plus — would guarantee a rate of 0% APR on installment loans totaling up to $2500, according to the code, which was discovered by developer Steve Moser and shared with Bloomberg News. The company's payment offerings currently come with APRs ranging from 0% to 36%. The code also indicates that the subscription could unlock a higher interest rate for Affirm savings accounts. The current code promises an APY, or annual percentage yield, of 4.75%. That's higher than Affirm's current 4.35% rate, but could shift based on market conditions. There's no guarantee that Affirm ultimately launches the service or that it encompasses the Show less Read more
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