Affirm is a financial technology company that allows customers to access loans for making purchases.
When approved for a loan with Affirm, customers can have the loan amount loaded onto a virtual Visa card.
This virtual card can be used as a one-time payment method at a merchant of the customer's choice, both online and in-store.
Most merchants accepting Visa cards will also accept an Affirm Visa virtual card as a form of payment.
On the other hand, Zelle is a peer-to-peer payment service that facilitates direct bank-to-bank transfers.
With Zelle, individuals can send and receive money securely using their bank accounts.
Users can initiate transfers through the Zelle app or through participating banks' mobile apps.
Affirm's virtual Visa card operates similarly to a traditional Visa card and can be used at most merchants accepting Visa cards.
However, Zelle primarily works with bank accounts for money transfers and generally does not support prepaid debit cards.
Affirm's virtual cards fall into the category of prepaid cards, which means they may not be compatible with Zelle's platform.
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