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.
Are there late fees?
No, there are no late fees if you miss a scheduled payment.
Will this affect my credit score?
There will be no impact to your credit score if you pay with Shop Pay installments. Affirm will not report to credit bureaus.
How do returns work with installments through Shop Pay?
If we process a refund for a return, 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.
I have more questions about Shop Pay Installments.
For additional questions about installment payments on Shop Pay, please visit https://shop.app/help/installments