Am I eligible for installments?
If customers are over the age of 18, reside in the US, and are paying in USD, they are eligible to apply for Shop Pay Installments.
What is Shop Pay and why do I need to create an account?
Shop Pay is a virtual wallet that offers several benefits for customers. In addition to installment payment options, shoppers can use Shop Pay to securely store payment info and speed up checkouts online.
Creating a Shop Pay account is required to use Shop Pay Installments.
Do I need the Shop app in order to use Installments?
No. In fact, the in-store application for Shop Pay Installments will open in a mobile browser. However, the Shop app is a great way to manage installments payments post-purchase.
What are the various payment plans available?
— Interest-free payment plans over 4 bi-weekly payments
— Interest-bearing payment plans over monthly terms (3, 6, or 12 months)
What does the application process look like?
Applying for Shop Pay Installments takes 5-10 minutes and requires:
— Signing up and setting up a Shop Pay account
— Completing a Shop Pay Installments application
— Selecting a payment plan
Will installments with Shop Pay impact my credit score?
For 4 bi-weekly, interest-free payment plans: No. These transactions are not reported to credit bureaus.
For monthly, interest-bearing plans: Yes. A buyer’s repayment behavior for Shop Pay Installments can impact their credit score.
Where can I learn more before applying?
Scan the QR code on the back of the tent card at checkout. This links to the Affirm x Shop Pay Installments Help Center.