About Shop Pay Installments

Shop Pay Installments


How it works

  1. Add items to your cart (or shopping bag).
  2. Check out with Shop Pay.
  3. Choose to pay in 4 installments.

Your first payment is either due at checkout or 2 weeks after your purchase. The next 3 remaining installments are automatically charged to your card saved on Shop Pay every 2 weeks. Don't worry, you'll get an email reminder before each payment to remind you.

*Payment options are offered by Affirm and are subject to eligibility check and might not be available in all states. California residents: Affirm Loan Services, LLC is licensed by the Department of Business Oversight. Loans are made or arranged pursuant to California Financing Law license.



Are there late fees?

No, there are no late fees if you miss a scheduled payment.

What is the option to pay in installments on Shop Pay?

When checking out with Shop Pay, you now have the option to pay now or later. Paying in installments on Shop Pay allows you to split your purchase amount into 4 equal, biweekly installment payments—with 0% interest, no hidden or late fees, and no impact on your credit score.* In some instances, your first payment is due when you make your purchase; otherwise, your first payment is due 2 weeks after your purchase.

What if I make a return on a purchase made through Installments with Shop Pay?

If your refund amount is less than the amount remaining on your Shop Pay Installments balance, then you can expect one or both of the following:
  • A smaller payment balance on the final payment
  • Less future payments on the remaining loan balance
If your refund amount is more than the amount remaining on your Shop Pay Installments balance, then you can expect to receive the difference as a refund to your original debit card or credit card payment method within 3 to 10 business days.

Which payment methods are accepted if I use the option to pay Installments on Shop Pay?

The installments option on Shop Pay is available on debit and credit cards.

Have more questions?

  • For questions about installment payments on Shop Pay, visit shop.affirm.com/help.
  • For questions about Shop Pay or the Shop App, visit shop.app/help/shop-pay.


Fair lending guidelines

Fair lending guidelines are regulated by the Equal Credit Opportunity Act (ECOA). To promote Shop Pay Installments, you need to:

  • Avoid adding requirements to the application process
  • Make Shop Pay Installments available to all customers by encouraging everyone to apply
  • Target a broad demographic
  • Treat similarly situated individuals the same

Don't use your Shop Pay Installments marketing material to target specific demographics based on one or more of the following:

  • Age (provided the applicant has the capacity to contract)
  • Color of skin
  • Gender
  • Income dependency on a public assistance program
  • Marital status
  • National origin
  • Race
  • Religion
  • Sexual orientation

If your Shop Pay Installments marketing material targets specific groups, then you're not giving all individuals an equal opportunity to use Shop Pay Installments. Depending on how much of your marketing material is about financing, by targeting specific groups, you increase your risk of breaking fair lending laws. This can lead to lawsuits or fines.

Although your products might be attractive to a specific demographic, your marketing material should target a broad demographic if it includes content about financing.

Learn more about the Federal Trade Commission's basic provisions of the ECOA.


Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)

To reduce the risk of misleading customers, your marketing material needs to:

  • Avoid using misrepresentations, omissions, or other deceptive claims
  • Avoid a false sense of urgency
  • Be honest
  • Be clear and easy to understand
  • Include all relevant information
  • Support claims with facts about the product

If you offer a promotion or rebate, such as a risk-free trial or money-back guarantee, then you should always honor the promotion.