If you're eligible to use Shop Pay Installments, then you can pay for orders between $35 USD to $30,000 USD over time. Your payment options and schedule depend on your purchase amount.
Payment options
Depending on your purchase amount and the payment options offered by the store at checkout, you can pay for your order in installments as follows:
| Purchase amount | Payment frequency | Payment terms |
| $35 USD to $49.99 USD | 2 bi-weekly installment payments | No additional charges or interest rates |
| $50 USD to $999.99 USD | 4 bi-weekly installment payments | No additional charges or interest rates |
| $150 USD to $20,000 USD | Monthly installment payments paid in 3, 6, or 12 months depending on the options available at checkout |
Interest rates between 6-36% APR |
| $20,000.01 USD to $30,000 USD |
1 down payment of the amount that exceeds $20,000 USD, with the remaining $20,000 balance split into 3, 6, or 12 monthly installment payments depending on the options available at checkout
For example, you pay for a $25,000 USD order using Shop Pay Installments. At checkout, you pay a down payment of $5,000 USD, and then pay for the remaining $20,000 USD in monthly installment payments. |
Interest rates between 6-36% APR |
Payment schedule
Depending on your location, your first payment might be required at checkout, or at a later date. After your first payment, you're charged either biweekly or monthly, depending on the installment payment option that you chose. You're reminded by email and SMS text (if applicable) before each payment is charged to your card. You can also turn on push notifications in the Shop app to be reminded about upcoming charges. You can't customize your payment schedule.
Late fees and credit reporting
There are no late fees associated with Shop Pay Installments orders. While there's no impact to your credit score when you apply to use Shop Pay Installments, your loan and payment information may be shared with credit reporting agencies.