What is Shop Pay?Updated 8 months ago
Shop Pay is a convenient checkout service provided by our platform partner, Shopify. This online system allows customers to speed up the checkout process by saving and automatically applying their contact and payment information.
Additionally, eligible customers can use Shop Pay Installments to pay for their purchases over time. For orders between $50 and $999.99, customers can opt for four biweekly, interest-free payments. For larger orders between $150 and $17,500, monthly payment plans are available. These monthly installments come with an APR ranging from 10% to 36%, and can be spread over three, six, or twelve months, depending on the order amount. For example, an $800 purchase could be divided into 12 monthly payments of $72.21 at 15% APR, or into 4 interest-free payments of $200 every two weeks.
You can sign up for Shop Pay and choose installment payments during checkout. Please note that Shop Pay services are not operated by Elephant Stock.