About Shop Pay Installments

Installments

Shop Pay offers you the option to pay in full at checkout, or to split your purchase into regular payments with Shop Pay Installments, both online and in store. Installment options vary by store and can be used on orders over $50 USD, including discounts, shipping, and taxes.
 

Payment plans

Purchases between $50 USD to $30,000 USD are eligible for Shop Pay Installments, with options to:

Pay in 2 for purchases $35 to $50

Two interest-free payments every 15 days

Pay in 4 for purchases $50 to $999

Interest-free payments every 2 weeks

Pay monthly for purchases $150 to $30,000

3, 6, or 12-month terms

Rates from 0-36% APR

Note: Minimum purchase amounts and offers may vary by retailer. Orders over $20,000 will be subject to a $10,000 down payment.
 

Eligibility requirements and credit score

You must be over the age of 18, reside in the US, and be paying in USD to use Shop Pay Installments.

Checking your eligibility will not impact your credit. Once payment plan terms are accepted, your payments may be reported to a credit bureau.

Note: To use Shop Pay Installments you need a US shipping address.
 

Fees or penalties

For purchases split into 2 or 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.

There are no late fees. However, partial or late payments may affect your ability to use Shop Pay Installments in the future.
 

Restricted items

There are some items that you can’t use Shop Pay Installments to purchase, including, but not limited to:

Cash advances

Illegal items and activities

Weapons, including parts and accessories

Narcotics

Regulated products such as tobacco or drug paraphernalia

Currency, including cryptocurrency

PayPal, Venmo, and other money transfer services

Loan and credit card payments

Terms of Service

Learn more about Affirm’s Terms of Service or Shop’s Terms of Service. 
 

Disclosure

Rates from 0-36% 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: affirm.com/licenses.

For example, 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. 

Shop Pay Installments is offered in partnership with Affirm. Affirm is the servicer of your loan, and you can manage payments in your Shop Pay account or with Affirm directly.