Why buy with Shop Pay Installments?
- Buy now and receive your order right away, while paying over time with simple monthly payments starting at 0% APR. Shop Pay Installments allows you to split your purchase into fixed payment amounts that fit your budget — with no hidden fees, ever.
- If approved, you’ll see all loan terms before checkout, including how much you’ll owe each month, the number of payments, and the total interest you’ll pay (if any)
- The approval process is secure and real-time. Shop Pay Installments asks for a few pieces of information, and within seconds notifies you of the loan amount you’re approved for, the interest rate, and the repayment timeline.
- You may be eligible even if you don’t have an extensive credit history, since approval is based on more than just your credit score.
- Shop Pay Installments also sends reminders by email and SMS before each payment is due. You can enable Autopay to schedule automatic monthly payments for peace of mind.
To use Shop Pay Installments, you must:
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Be a resident of the U.S. or Canada (excluding Quebec)
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Be at least 18 years old (19 in some U.S. states and Canadian provinces)
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Have a valid Social Security Number (U.S.) or Canadian equivalent for identity verification
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Use a U.S. or Canadian billing address and a phone number that can receive SMS messages
How Shop Pay Installments Works
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At checkout, choose Shop Pay Installments.
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Enter your basic details (name, email, mobile phone number, date of birth, and the last four digits of your SSN or Canadian equivalent).
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You’ll receive a text message with a unique authorization code to confirm your identity.
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Within seconds, you’ll see your payment plan: loan amount, interest rate (if applicable), number of payments, and monthly payment amounts.
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Accept the plan to complete your order.
After purchase, you’ll receive monthly reminders before each due date. You can also set up Autopay to never miss a payment. Your first monthly payment is due 30 days after we (the merchant) process your order.
FAQ – Shop Pay Installments
Does Shop Pay Installments do a credit check, and how does it impact my credit score?
Checking eligibility will not impact your credit score. If you decide to pay with installments, your payments may be reported to credit bureaus.
Why was I denied financing?
We don’t have access to your financing decision. Shop Pay Installments (powered by Affirm) makes all credit decisions. If you’re denied, you’ll receive an email with details.
Why was I asked to verify my identity?
If Shop Pay Installments has difficulty confirming your identity, you may need to provide additional information (such as verifying your address, SSN/SIN, or submitting an ID). This is for security and fraud prevention.
Why was I asked to provide income or bank account information?
In some cases, Shop Pay Installments may need more details about your finances to approve your loan. If requested, you may be asked to link your checking account. Your credentials are transmitted securely and never stored.
Why was I prompted for a down payment?
Sometimes Shop Pay Installments can’t finance the full amount. In that case, you’ll be asked to make a down payment with a debit card at checkout.
Will I see how much interest I am paying before accepting the loan?
Yes. You’ll see all interest charges clearly displayed before you confirm. If you pay off your loan early, you’ll receive a rebate for any interest that hasn’t yet accrued.
Can customers outside the U.S. and Canada use Shop Pay Installments?
Not yet. Shop Pay Installments is currently available to customers in the United States and Canada (excluding Quebec) only.