Shop Pay Installments
Shop Pay Installments offers you the option to pay for your order in installments at checkout, both online and in store. Orders from $50.00 USD to $17,500.00 USD are eligible for installments payments.
You can choose between the following installment payment options at checkout:
- Four, biweekly, interest-free payments, for orders from $50.00 USD to $999.99 USD.
- Monthly payments for orders from $150.00 USD to $17,500.00 USD. Monthly installment orders are interest-bearing from 10 to 36% APR, and may be paid in three, six, or twelve months depending on the purchase amount.
When you view your products, the following information about Shop Pay Installments is displayed:
- Calculated installment payment amounts.
- Detailed information for you to learn more about Shop Pay Installments.
- The latest compliance and regulatory information.
Are there any additional costs?
For installment orders that are split into four biweekly payments, there are no additional charges, interest rates, or late fees.
For installment orders that are paid for in monthly payments, interest rates from 10 to 36% APR apply.
Does using Shop Pay Installments impact my credit score?
If you choose to pay for your order in four biweekly installments, then your credit score isn't impacted.
If you choose to pay for your order in monthly payments, and don't make your payments on time, then your credit score might be affected. Only monthly payment options might impact your credit score.