buy now, pay later FAQ
"Buy now, pay later" Shop Pay Installments FAQ
When you check out with Shop Pay, you have the option to pay in installments from participating stores. Installments are a flexible payment option that can help you invest in larger purchases up to $1000 by dividing your purchase amount into four equal, biweekly, and interest-free payments. There are no additional fees.
Paying in installments with Shop Pay is powered and serviced by Affirm.
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 4 equal, biweekly installment payments—with 0% interest, no hidden or late fees, and no impact on your credit score.* In some instances, your first payment is due when you make your purchase; otherwise, your first payment is due 2 weeks after your purchase.
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.
Have more questions?
- For questions about installment payments on Shop Pay, visit shop.affirm.com/help.
- For questions about Shop Pay or the Shop App, visit shop.app/help/shop-pay.
Eligibility and limitations
To pay in installments with Shop Pay in a participating store, you need to meet the following requirements:
- Reside in the United States.
- Sign up for Shop Pay
- Add your debit or credit card to your Shop Pay account.
Paying in installments with Shop Pay doesn't impact your credit score. For Shop Pay installments, Affirm will not report to credit bureaus.
The following limitations currently apply to paying in installments with Shop Pay:
- You can't pay for an order in installments if the order includes currency in any form, including virtual and digital currency, like gift cards.
- To qualify, orders need to be between $50 and $1000 USD, inclusive of shipping and taxes.
- If you change your phone number or email within Shop Pay, then you also need to update your information with Affirm before you can pay for another purchase in installments with Shop Pay.