Shop Pay Installment Plan
We offer Shop Pay Installments in partnership with Affirm to give our customers the option to make purchases they can enjoy today and pay in installments over time.
When our customers choose to pay over time, they’ll have the option to pay in 4 interest-free payments every two weeks or monthly installments. At checkout, our customer can choose to “Pay now”, “Pay in 4 installments of $XX.XX, or “Pay in monthly installments”.
SHOP PAY
● Helps our customers speed safely through checkout in one tap
● Offers customers the flexibility to pay in full or pay over time with Shop Pay Installments SHOP PAY INSTALLMENTS
● Option within Shop Pay that lets customers make installment payments for up to 12 months!
● Offers customers an alternate way to buy now, pay later in partnership with Affirm
FAQ's
Are there late fees?
No, there are no late fees if you miss a scheduled payment.
What is the option to pay in installments on Shop Pay?
When checking out with Shop Pay, you now have the option to pay now or later. Paying in installments on Shop Pay allows you to split your purchase amount into flexible installment payments.* Your first payment is due when you make your purchase.
For example, a $800 purchase could be split into 12 monthly payments of $72.21 at 15% APR, or 4 interest-free payments of $200 every 2 weeks.
*Rates from 0% APR 10-30% APR. Payment options through Shop Pay Installments are subject to an eligibility check and are provided by these lending partners: affirm.com/lenders. Options depend on your purchase amount, and a down payment may be required. State notices to consumers affirm.com/licenses.
What if I make a return on a purchase made through Installments with Shop Pay?
If your refund amount is less than the amount remaining on your Shop Pay Installments balance, then you can expect one or both of the following:
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A smaller payment balance on the final payment.
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Less future payments on the remaining loan balance.
If your refund amount is more than the amount remaining on your Shop Pay Installments balance, then you can expect to receive the difference as a refund to your original payment method within 3 to 10 business days.
If you paid for an order in monthly payments, then you won't be refunded the paid interest. Interest is the cost of borrowing, and isn't refundable.
Which payment methods are accepted if I use the option to pay Installments on Shop Pay?
The installments option on Shop Pay is available on debit and credit cards. Capital One cards aren't accepted. If you choose a monthly payment option, then you can only pay with a debit card.
Pay in 4
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Customers pay 4 interest-free payments every 2 weeks
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No hidden or late fees for customer
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No impact to customers' credit scores
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Split purchases for orders between $50.00 USD & $999.99 USD
Pay Within 12
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Customers pay monthly installments up to 12 months
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No hidden or late fees for customer
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No impact to customers' credit scores to apply
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Customers can split purchases for orders between $150.00 USD and $17,500.00 USD