Shop Pay is just one of our payment processing options you will find at checkout. Below are the official Shop Pay answers to the following questions:
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 pay later. Paying in installments on Shop Pay allows you to split your purchase amount into 4 equal, biweekly installment payments - with 0% APR interest, no hidden or late fees, and the eligibility check has no impact on your credit.* In some instances, your first payment is due when you make your purchase; otherwise, your first payment is due 2 weeks after your purchase.
**Please note: we are using the Beta version of Shop Pay Installments, so Installments are currently limited to buyers based in the United States only. We will let you know if and when this changes. Sorry international customers, we love you!**
Which payment methods are accepted if I use the option to pay in installments on Shop Pay?
The installments option on Shop Pay is available on debit and credit cards.
Are there late fees?
No, there are no late fees if you miss a scheduled payment.
What if I make a return on a purchase made through installments with Shop Pay?
If we process a refund (subject to a 6% cancellation and transaction fee), the refunded amount will be returned to your original payment method within 3-10 business days, and your balance will be updated.
If your refund is less than your total purchase balance, it might not lower your next payment. Instead, you can expect fewer payments, a smaller final payment, or both.
If your refund is more than your purchase balance, the difference will be returned to your original payment method within 3-10 business days.
How it works:
1. Customize and add items to your cart.
2. Check out with Shop Pay
3. (If your order total is between $50-$1,000) Choose to pay in 4 installments
Your first payment will either be due at checkout or 2 weeks after your purchase. The next 3 remaining installments will be automatically charged to your card saved on Shop Pay every 2 weeks. And don't worry, you'll get an email reminder before each payment to keep you in the know.
Carbon offset (unique to Shop Pay)
When you check out with Shop Pay, the delivery emissions from your order are automatically offset for free.
* Rates from 0% APR or 10-36% 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 https://www.affirm.com/licenses.