Newly adopting PayBright as a standalone payment method is not appropriate at this time. Since Affirm acquired PayBright in 2021, merchant and consumer services have been gradually folded into Affirm Canada. If you are considering BNPL in Canada, it is more accurate to confirm terms under the successor brand, Canada Affirm payment integration.

Most Canadian online stores that previously supported PayBright have since switched to Affirm checkout, so new contracts for Korean merchants will also proceed under Affirm. If the PayBright name still appears in existing materials or solution documentation, understand it as a former brand of the same business.

Since the integration, the payment experience is identical to Affirm's. When a consumer selects installment payment at checkout, it is approved after online review and agreement to the terms, and the merchant's proceeds are received by Hecto Financial in CAD, converted, and settled in whichever of USD, KRW, or JPY was agreed in the contract. A separate integration process under the former PayBright name is not something to consider.

Integrating through Hecto Financial lets a Korean company explore adopting PayBright payments without a separate contract with a local Canadian entity. However, since PayBright is a brand that has been folded into Affirm Canada, the actual consultation and contracting proceed under Affirm, and the terms (settlement cycle, fees, currency options) are also fixed in the Affirm contract.

• Business registration country

  Confirm contract eligibility as a Korean business

• Sales channel

  The integration approach and priority differ depending on your mix of online sales channels, such as your own store, open marketplaces, or a mobile app

• Product categories handled

  Confirm in advance whether your category falls under PayBright's restricted merchant policies

• Local regulatory compliance

  Confirm compliance with Canada's payment and foreign exchange regulations (see the official sources below)

Settlement for new transactions since the integration follows the Affirm contract terms. The structure is: the consumer pays in CAD, Hecto Financial receives and converts the funds, and payment is made in whichever of USD, KRW, or JPY was selected at contract signing. Terms formerly under the PayBright name do not apply to new contracts, so confirm the settlement cycle and refund deadlines under Affirm's terms.

• Bank of Canada / Payments CanadaOfficial information on Canada's payment systems and clearing rules. If this page's content differs from the actual regulations, the official source takes precedence.