Affirm Charge on Your Bank Statement

Affirm is 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. It may appear on your bank statement under a shortened descriptor rather than its full name.

Affirm has received mixed reviews and reports of unexpected charges. If you do not recognise this charge, we recommend contacting your bank immediately to dispute it and request a chargeback. You do not need to contact the merchant first.

To cancel Affirm, log in to your account on their website and navigate to your account or subscription settings. Alternatively, contact their customer support directly. Once cancelled, no further charges should be taken. If you have already been charged and wish to recover the money, contact your bank to raise a dispute.

If you do not recognise a charge from Affirm, call the number on the back of your bank card or use your bank's mobile app to raise a dispute. Explain that you do not recognise the transaction and ask for a chargeback. Under Visa and Mastercard rules you typically have up to 120 days from the transaction date to raise a chargeback claim. For purchases over £100 paid by credit card, you may also have additional protection under Section 75 of the Consumer Credit Act.

Banks display a short "transaction descriptor" set by the merchant's payment processor, not the company's full trading name. This is why Affirm may appear as an abbreviation or code. The descriptor is usually the company's registered payment name, which can differ from the brand name you recognise.