How does Shop Pay Installments work?Updated 20 days ago
Shop Pay Installments at JLUXLABEL
We’re excited to offer Shop Pay Installments, a flexible payment option that allows you to split your purchase into manageable payments at checkout.
How It Works
When checking out with Shop Pay, simply choose to pay in installments. You’ll be able to review the available payment plans and select the one that works best for you.
Payment Options
- Four biweekly payments (interest-free): For orders between $50 and $999.99.
- Monthly payments: For orders between $150 and $20,000.
- Premium installment options: Includes 0% monthly financing and longer payment terms.
Eligibility
To use Shop Pay Installments, customers must:
- Have a billing address in the United States.
- Be signed up for Shop Pay.
- Place an order totaling between $50 and $20,000.
Key Details
- Late Payments: While there are no late fees, late or partial payments may affect your credit score and eligibility for future Shop Pay Installments.
- Early Payments: There’s no penalty for paying early! For interest-bearing plans, early payments can save you money on interest fees.
- Refunds: If your refund is greater than the remaining balance, the difference will be refunded to your original payment method. Please note that paid interest is non-refundable.
Have questions? Our team is happy to assist!