Buy now, Pay Later
purchases between $50-$17,500
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: affirm.com/lenders. Options depend on your purchase amount, and a down payment may be required. State notices to consumers https://www.affirm.com/licenses.
select shop pay at checkout
choose between
• 4 interest-free payments every 2 weeks
• Monthly installments up to 12 months
For instance, a $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.
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.
Download the App
accelerate the checkout process with the shop pay app
Questions?
Learn more →Account
Login/Sign up →If you finance your purchase with Shop Pay Installments, your first payment is due approximately two weeks after your purchase is finalized. Please note that in the event of extended delivery times, your loan payment(s) may be due before you receive your purchase.
| Progressive Leasing | Snap Finance | Affirm Learn more | SHOP PAY | |
|---|---|---|---|---|
| Use at checkout | 𝗫 | 𝗫 | ✓ | ✓ |
| Approval amount | N/A | up to $5,000 | up to $17,500 | up to $17,500 |
| Down Payment | $49 initial payment (plus tax) is
charged at lease signing. Remaining lease payments are determined upon item selection. | $39 processing fee or $10 initial payment may be required | A down payment may be required | First payment may be due at checkout |
| Our take | Pros: • Offered by a number of large retailers (Best Buy, Overstock.com) • Low monthly payments • Approval rates • Mobile App • 90-Day Purchase Option* Cons: • Inability to use at checkout *Standard agreement offers 12 months to ownership. 90-day purchase options cost more than the retailer's cash price (except 3-month option in CA). To purchase early call 877-898-1970. | Pros: • Business model centered around customer service • High approval rates • low monthly payments • 100-Day purchase option Cons: • Inability to use at checkout | 4 Interest-Free Payments Pros: • No late fees, No hidden fees, No interest • No impact to your credit score • (4) Bi-weekly payments Cons: • Payments can only be paid using a debit card or checking account Monthly Installments Pros: • High approval amount • 3, 6, or 12 month payment options (sometimes even longer) • No prepayment fees or late fees • Down payment and monthly installments can sometimes be made using a credit card Cons: • Interest bearing (up to 36% APR) Other Notable Pros: Affirm app, automatic payments, pay by check, virtual card to use in-store or online, Affirm Debit+ card | 4 Interest-Free Payments Pros: • No late fees, No Interest, No impact to your credit score (negative marks only limit future use of Shop Pay) • (4) bi-weekly payments • Payments can be made using a debit or credit card Monthly Installments Pros: • High approval amount • 3, 6, or 12 month payment options Cons: • Interest bearing (up to 36% APR) • Payment schedules cannot be changed Other Notable Pros: Shop Pay App, automatic payments, no prepayment fees Other Notable Cons: Payments cannot be made with Capital One credit cards or pre-paid debit/credit cards |
| BBB rating | A- | A | A+ | N/A |