What Buy Now Pay Later Options Does Amazon Accept?

Buy Now Pay Later (BNPL) services offer consumers flexible payment solutions for their purchases. This method allows shoppers to receive products immediately while spreading the cost over a series of installments rather than paying the full amount upfront. Amazon integrates various BNPL options to meet this demand.

Specific Buy Now Pay Later Options on Amazon

Amazon provides several Buy Now Pay Later options, primarily through its own “Amazon Monthly Payments” program and a partnership with Affirm. Amazon Monthly Payments is an interest-free installment plan available on specific eligible products. This program does not require a credit check; eligibility is determined by a customer’s Amazon account history, purchase patterns, and linked payment methods. Payments are typically divided into five installments, with the initial payment due when the item ships, followed by four equal payments every 30 days over a 120-day period.

Affirm is another prominent BNPL option offered on Amazon, allowing customers to pay for eligible purchases of $50 or more over time. Affirm offers payment terms that can range from two months up to 48 months, depending on the purchase price and product. While some Affirm plans may offer 0% interest for promotional periods, interest rates typically range from 10% to 36% Annual Percentage Rate (APR) based on creditworthiness. A soft credit check is performed during the application process, which does not negatively impact a credit score.

Unlike Amazon Monthly Payments, Affirm’s plans can involve interest, and the total cost, including any interest, is presented upfront before a customer commits to the loan. Affirm does not charge late fees, but missed payments can affect a user’s ability to obtain future loans from Affirm and may impact their credit score. Other third-party BNPL providers like Klarna and Zip can also be used for Amazon purchases, typically requiring a virtual card through their apps.

How to Use Buy Now Pay Later on Amazon

Using Buy Now Pay Later options on Amazon involves checkout once eligible items are selected. For Amazon Monthly Payments, if an item qualifies, the option will appear on the product page or during the checkout flow. Customers select the monthly payment option, and the system automatically calculates the installment schedule, with the first payment often including taxes and shipping. A valid payment method must be on file for the subsequent automatic charges.

To use Affirm, customers should add eligible products totaling $50 or more to their Amazon cart. At checkout, Affirm can be selected as the payment method. The process involves providing a few pieces of information to Affirm for a real-time decision on eligibility and loan terms. Customers then choose a payment schedule that aligns with their budget, reviewing the total cost, including any interest, before confirming the purchase. The order is then placed, and the terms of the chosen plan become active.

Managing Your Buy Now Pay Later Payments

After a purchase is made using a Buy Now Pay Later option on Amazon, managing the payment plan is typically handled directly with the BNPL provider. For Amazon Monthly Payments, the scheduled charges are automatically applied to the payment method on file in the customer’s Amazon account. Customers can usually view their payment schedule and remaining balance within their Amazon account settings. It is possible to prepay installments or the entire remaining balance at any time without incurring penalties.

For Affirm, all payment management occurs through the Affirm app or their official website. Users receive reminders via text or email when payments are due. Within the Affirm platform, customers can access their full payment schedule, track paid installments, and make upcoming payments. For customer support or inquiries regarding the loan, direct contact with Affirm is necessary, as Amazon does not manage the loan details post-purchase.