MONTHLY FINANCING
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Get what you want now, pay in 4 or more flexible payments.
Answer for
FREQUENTLY ASKED QUESTION
What is Shop Pay Installments?
When checking out with Shop Pay, you have the option to pay now or later.
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.
How do returns work with Shop Pay Installments?
If your refund amount is less than the amount remaining on your Shop Pay Installments balance (ex. you need to return just 1 item from your order), then you can expect one or both of the following:
- A smaller payment balance on the final payment
- Less future payments on the remaining loan balance
Which payment methods are accepted if I use this option?
The installments option on Shop Pay is available on debit and credit cards.
Are there late fees?
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.
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.