IKEA is a Swedish company with headquarters in the Netherlands that has been the largest retailer of ready-to-assemble furniture since 2008.1943 by a 17-year-old kid named Ingvar Kamprad. The company’s name has been discovered very nicely as the initials I & A are the first letters of the founder, and then E comes from the family farm he was born on and A comes from the nearby village.
The headquarters are located in Delft, Netherlands, and they serve all over the world, including Europe, India, North America, etc. The company also sells kitchen appliances, homeware, etc., with a revenue of $41.3 billion.
Does Ikea accept affirm?
No, Ikea does not accept affirm financing. This is because IKEA announced their latest major retailer on august 31, 2021, when they debut in the buy now pay later industry with jifiti, which is also a bnpl company. Jifiti is a company founded in 2012, which first just used to work to offer retailers’ gift cards and registry services.
What makes jifiti different from other BNPL companies?
Ikea and Nike were their first two customers, and when they started the bnpl option, it was certain that Ikea would partner up with jifiti. The main vision of IKEA for this step is to reach the customers who cannot pay for the luxury furniture in one instalment, and the main feature of Jifiti is that it enables the transactions but allows the retailers to wrap the experience in their branding. When you select the buy now, pay later option in Ikea, it is as if Ikea is providing that service, putting them ahead of other BNPL companies such as KLARNA, after pay, AFFIRM, and others.
Payments accepted at Ikea online and in-store:
In-store:
They accept major credit and debit cards from companies like Visa, American Express, MasterCard, Visa Electron, Maestro, and Delta. They also accept contactless payments like Apple Pay, Google Pay, and Android Pay, and they also accept Ikea Home and Gift Cards as payment options. Cash payments are not accepted right now, but they will soon start as things look good.
Online:
They accept all the payment methods online except for PayPal, which they do in-store. They accept credit cards and debit cards from Visa, American Express, MasterCard, and etc. They also accept Google and Apple Pay for online purchases, and they also take Samsung Pay only for online purchases. Cash payments are not allowed for online purchases.
Does Ikea accept credit cards for in-store, online, and shipping purchases?
Ikea does not accept affirm financing as a payment option for in-store or online purchases, and they also don’t accept it for shipping purchases because they use another BNP company named Jifiti for these kinds of purchases.
Does Ikea offer financing options?
Ikea does offer financing options to their customers. They have three repayment times of 6, 12, and 24 months, which will be decided by the amount you want to take for finance. The credit score required for this is 670 or higher, and the APR percentage is about 22% per year with no annual fees. You can use the loan to make in-store and online purchases at Ikea.You can always opt out of the plan by paying the full amount once and for all, and there will be no additional charges for it.
Now the plans for repayment are these:
- If you want to finance an amount of $500–1500, then you will get 6 months to pay it with a standard APR rate of 22%.
- If your borrowing amount is between $1500-5000, then you will get 12 months of repayment time and the APR rate will be 22%.
- And if you want an amount greater than $5000, then the repayment time will be 24 months with a 22% standard APR rate.
The maximum amount that Ikea Finances is $15,000, during which the repayment period will be 24 months.
Conclusion
Ikea does not accept affirm but they accept a company named jifiti so they accept buy now pay later option but from a rival company of affirm. Jifiti is the company which had its first ever customer Ikea and Nike so when this tie-up occurred no one was shocked as this was understood and jifiti and affirm almost offers the same services but it’s just who comes first to which company.
FAQ’S
- Does Ikea do a credit check?
Yes Ikea does a soft credit search to check your eligibility and this does not affect your credit score.
- Does Ikea have payment plans?
Yes Ikea has an option of payment plans of 6, 12 or 24 months depending on your eligibility.
3 .Does Ikea accept PayPal?
No, Ikea does not accept PayPal as a payment option as of now for both in-store or online purchases.
