AFFIRM — Affirm Bank Charge Explained

AFFIRM on your bank statement is a transaction descriptor for Affirm, a finance company. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges.

What Is the AFFIRM Charge?

AFFIRM is a transaction descriptor for Affirm, a finance company.

Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code AFFIRM is the official identifier that Affirm registered with Visa or Mastercard.

Is the AFFIRM Charge Legitimate?

If you do not recognise this transaction, contact your bank promptly and follow its reporting process. Your bank can explain what options are available. Contacting the merchant directly may also help.

How Do I Cancel or Dispute a AFFIRM Charge?

  1. Identify the charge: Confirm the charge is from Affirm by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to Affirm and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.
  4. Contact your bank: If the merchant does not resolve the issue, contact your bank or card issuer using the number on the back of your card. They can explain what options may be available and what information they need.

What Other Names Does Affirm Use on Bank Statements?

Affirm may also appear on your statement as:

Frequently Asked Questions About AFFIRM

What is AFFIRM on my bank statement?

AFFIRM is a bank statement transaction code for Affirm, a finance company. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is AFFIRM a scam?

If you do not recognise this transaction, contact your bank promptly and follow its reporting process. Your bank can explain what options are available. Contacting the merchant directly may also help.

Why is AFFIRM on my bank statement?

AFFIRM appears on your statement because Affirm processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel AFFIRM?

If you do not recognise this entry, contact your bank or card issuer and ask them to confirm the transaction and merchant details. Only you and your bank can confirm whether a payment was authorised.

How do I get a refund for a AFFIRM charge?

If you cannot resolve this with the merchant, contact your bank or card issuer. They can explain what options may be available for this type of payment and whether any time limits apply.

For more information about Affirm and all its known transaction codes, visit the Affirm merchant page.