Shop Pay offers customers the option to pay for their order in full at checkout, or to pay in installment payments for orders from 50 USD to 17,500 USD.
Your customers can choose between the following installment payment options at checkout:
- Four, biweekly, interest-free payments, for orders from 50 USD to 999.99 USD.
- Monthly payments for orders from 150 USD to 17,500 USD. Monthly installment orders are interest-bearing from 10 to 30% APR, and may be paid in three, six, or twelve months depending on purchase amount.
When a customer views your products, the following information about Shop Pay Installments is displayed:
- Calculated installment payment amounts.
- Detailed information for customers who want to learn more about Shop Pay Installments.
- The latest compliance and regulatory information.