Shop Pay Installment Plans Made Easy

Shop Pay Installment Plans offer a flexible way to pay for purchases, allowing you to split your payment into four interest-free installments over six weeks.

You can use Shop Pay Installment Plans with participating merchants, who will display a "Shop Pay Installment Plan" button at checkout.

By splitting your payment into installments, you can avoid interest charges and make larger purchases more manageable.

To qualify for Shop Pay Installment Plans, you need to have a valid payment method on file with the merchant and meet their specific eligibility criteria.

Shop Pay Installment offers a convenient way to pay for your purchases. You can choose to pay now or later, splitting your purchase amount into flexible installment payments.

Your first payment is due when you make your purchase, and rates from 0% APR or 10-36% APR apply. Payment options are provided by lending partners, including affirm.com/lenders.

You can expect to receive a smaller payment balance on the final payment and less future payments on the remaining loan balance.

Here are the details on the installment options available on Shop Pay:

You'll be reminded by email and SMS text before each payment is charged to your card, and you can also turn on push notifications in the Shop app to stay on track. However, you can't customize your payment schedule.

If your refund amount is more than the amount remaining on your Shop Pay Installments balance, you can expect to receive the difference as a refund to your original payment method within 3 to 10 business days.

Your first payment is due at checkout, and the remaining payments are automatically charged to your card saved on Shop Pay based on the payment plan you chose. You'll get an email reminder before each payment to remind you.

The installments option on Shop Pay is available on debit and credit cards, but Capital One cards aren't accepted. If you choose a monthly payment option, you can only pay with a debit card.

Here are the key benefits of paying in installments on Shop Pay:

If your refund amount is more than the amount remaining on your Shop Pay Installments balance, you can expect to receive the difference as a refund to your original payment method within 3 to 10 business days.

With Shop Pay, you can create your purchase now and pay for it later with no hidden fees. This payment plan allows you to split your purchase into 4 equal payments with 0% APR interest.

You won't have to worry about additional fees, as Shop Pay doesn't charge any late fees.

Creating and managing a Shop Pay Installment plan is a breeze. You can create a plan in just a few taps, and it's interest-free for the first 6 months.

To get started, you need to have a Shop Pay account and be at least 18 years old. This is because Shop Pay Installments are only available to adults.

You can create a plan for purchases over $150, and the maximum amount you can borrow is $1,500. This limit is in place to keep things manageable and avoid overspending.

The good news is that there's no interest charged for the first 6 months, so you can pay off the full amount without any extra fees. This can be a huge help if you're on a tight budget.

Once the 6-month interest-free period ends, you'll start being charged a flat interest rate of 24.99% APR. This is still lower than many credit cards, but it's essential to make timely payments to avoid extra charges.

You can make payments online, in-store, or through the Shop app, and you can even set up automatic payments to ensure you never miss a payment.