Enjoy Flexible Payments with Shop Pay Seize the moment without compromising your budget. Choose Shop Pay at checkout for the freedom to spread your payments over time, without any hidden fees or surprises.
INSTALLMENTS
Shop Pay offers you the option to pay in full at checkout, or to split your purchase into regular payments with Shop Pay Installments. Installment options vary by store and can be used on orders over $50 USD, including discounts, shipping, and taxes.
FEES OR PENALTIES
For purchases split into 4 bi-weekly payments, there are no additional charges or interest rates applied. Purchases split into monthly payments may be subject to interest.
You can pay your balance off early without penalty.
There are no late fees. However, partial or late payments may affect your ability to use Shop Pay Installments in the future.
CREDIT SCORES AND ELIGIBILITY
Your credit scores aren't impacted if your purchase is split into 4 bi-weekly payments using Shop Pay Installments. If your purchase is split into monthly payments, then your payments may be reported to a credit bureau.
To use Shop Pay Installments, your shipping address needs to be in the United States.
RESTRICTED ITEMS
There are some items that you can’t use Shop Pay Installments to purchase, including, but not limited to:
- Cash advances
- Illegal items and activities
- Weapons, including parts and accessories
- Narcotics
- Regulated products such as alcohol, tobacco, or drug paraphernalia
- Currency, including cryptocurrency
- PayPal, Venmo, and other money transfer services
- Loan and credit card payments
FAQS
Q: What is Shop Pay?
A: Shop Pay is a financing option that allows you to pay for your purchase over time with flexible monthly payments. With this payment option, you will not incur any interest charges on your purchase.
Q: How do I qualify for Shop Pay Financing?
A: To qualify for Shop Pay Financing, you must be 18 years of age or older and a resident of the United States. You will also need to have a valid social security number and a credit or debit card in order to apply.
Q: How do I apply for Shop Pay Financing?
A: Applying for Shop Pay financing is easy! Simply select "Financing" as your payment method at checkout and follow the prompts to complete your application. If approved, you'll be able to pay for your purchase over time with flexible monthly payments.
Q: How long does it take to get approved for Shop Pay Financing?
A: In most cases, you will know if you've been approved for financing within seconds! However, in some cases it may take up to 3 business days for your application to be fully processed.
Q: How long do I have to pay off my financing balance?
A: Your financing balance will need to be paid off within 6, 12, 18, or 24 months depending on the amount of your purchase. You will be able to see your repayment terms before you finalize your financing application.
Q: Is there a minimum purchase amount required in order to finance my order?
A: Yes, in order to use Shop Pay Financing, your purchase must be at least $35.00.
Q: How do I make payments on my financing balance?
A: Shop Pay will automatically deduct your monthly payment from the credit or debit card that you used to finance your purchase. You can log in to your Shop Pay account at any time to view your balance, make a payment, or update your payment method.
Q: What if I can't make a payment?
A: If you are having trouble making a payment, please reach out to Shop Pay's customer support team for assistance.
Q: What is the interest rate for Shop Pay Financing?
A: There is no interest charged on financing balances when you use Shop Pay! However, please note that late or missed payments may result in additional fees.
Q: Are there any other fees associated with Shop Pay Financing?
A: There are no additional fees when you use Shop Pay to finance your order. However, please note that late or missed payments may result in additional fees.
Q: Who do I contact if I have more questions about Shop Pay Financing?
A: For more information about Shop Pay Financing, please visit their website or reach out to their customer support team.
