Shop Pay Installments FAQs
What is Shop Pay?
Shop Pay offers the option to pay for an order in full at checkout, or to pay in installment payments for orders from $50 USD to $17,500* USD. For example, an $800 purchase could be split into 12 monthly payments of $72.21 at 15% APR, or 4 interest-free payments of $200 every 2 weeks.
You can choose from:
- For orders between $50 to $999.99*, you can split your purchase into four bi-weekly, interest-free installment payments. There are no additional charges, interest rates, or late fees for this option, and eligibility check has no impact to credit
- For orders between $150 to $17,500*, you can split your purchase into monthly installment payments. While there are no late fees for monthly installment payments, your order is subject to interest fees. Your eligibility check has no impact to credit, but that can change if you don't make your payments on time. Monthly installment orders are interest-bearing from 10 to 36% APR**, and may be paid in three, six, or twelve months depending on purchase amount.
Eligibility & Which payment methods are accepted if I use the option to pay in installments on Shop Pay?:
To use Shop Pay Installments, you need to have a United States billing and shipping address and be signed up for Shop Pay. When choosing Shop Pay Installments, the following limitations apply:
- You can't pay for an order if the order includes currency in any form, including virtual and digital currency, like gift cards.
- Orders need to be between $50 USD and $17,500* USD, including shipping and taxes.
- If you change your Shop Pay phone number, then you also need to update your phone number with Affirm before you can pay for another purchase using Shop Pay Installments.
- Shop Pay Installments doesn't accept Capital One cards, prepaid debit cards, or prepaid credit cards.
- If you split your order into four bi-weekly payments, then you can pay with a credit card or debit card.
- If you pay for your order in monthly payments, then you can only pay with a debit card.
How It Works:
1. Add items to your cart.
2. Check out with Shop Pay.
3. Choose to your payment type in full or in installments.
What’s more—when you check out with Shop Pay, the delivery emissions from your order are automatically offset for free.
Are there late fees?
No, there are no late fees. However, partial or late payments may affect your ability to use Shop Pay Installments in the future.
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.
What if I make a return on a purchase made through installments with Shop Pay?
If we process a refund, 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.
Have more questions?
For more questions about installment payments via Shop Pay, please visit shop.affirm.com/help or call 855-914-3141.
All Shop Pay Installment Payment options are offered by Affirm and are subject to eligibility check and may not be available in all states. California residents: Affirm Loan Services, LLC is licensed by the Department of Business Oversight. Loans are made or arranged pursuant to California Financing Law license 60DBO-111681.
*For example, an $800 purchase could be split into 12 monthly payments of $72.21 at 15% APR, or 4 interest-free payments of $200 every 2 weeks.
**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: http://affirm.com/lenders. Options depend on your purchase amount, and a down payment may be required. State notices to consumers http://www.affirm.com/licenses.