What is Shop Pay?Updated 3 days ago
Shop Pay is a convenient checkout solution provided by our platform partner, Shopify. It is designed to make your shopping experience faster and easier by securely saving your contact and payment information, allowing you to check out with just a few clicks.
In addition, eligible customers can take advantage of Shop Pay Installments, which allows you to split your purchase into manageable payments over time. For orders between $50 and $999.99, you may choose to pay in four equal, interest-free installments every two weeks. For larger purchases ranging from $150 up to $17,500, monthly payment plans are also available. These monthly options may be spread over three, six, or twelve months, with an APR ranging from 10% to 36%, depending on eligibility and order details.
For example, an $800 purchase could be paid in 12 monthly installments of approximately $72.21 at 15% APR, or alternatively split into four interest-free payments of $200 every two weeks.
You can select Shop Pay or Shop Pay Installments at checkout if you are eligible. Please note that Shop Pay services are managed by Shopify and are not directly operated by Elephant Stock.