Economic headwinds caused by inflation and lower buyer spending power can hinder your business growth. In today's competitive commerce landscape, consumers are becoming more selective about their spending habits. Merchants can reduce purchase barriers and attract a wider customer case with flexible buy now, pay later options.

Today, Shop Pay Installments is introducing a premium package to its native buy now, pay later (BNPL) solution. Boost sales with longer terms and more interest-free payment options at checkout.

What is the Shop Pay Installments premium package?

Shop Pay Installments premium package is a financing plan that enables merchants to offer interest-free payments for up to 12 months and monthly installments with interest for up to 24 months on orders between $50 and $17,500.

Offer longer term lengths

By providing terms up to 24 months, merchants can attract more shoppers who may not have been able to afford the full purchase price in a single payment. Let customers pay over time by splitting their purchases into smaller, more affordable installments—and you still get paid upfront.

Give qualified buyers interest-free payments

Entice financially-savvy buyers with interest-free monthly payments for up to 12 months.* Boost sales and delight your customers with more payment flexibility at checkout. There are no hidden or late fees for customers.

Supercharge your customers’ buying power

Some customers may hesitate to make a purchase due to perceived high prices. Maximize your customers’ buying power and make your products more accessible with Shop Pay Installments. This can overcome price objections and encourage customers to complete their purchase—reducing cart abandonment by up to 28%.

Increase order value on high-ticket purchases

Premium packages are ideal for merchants selling high-ticket items across various industries, including home furnishing, appliances, luxury items, electronics, fashion apparel, beauty, and more.

As cart sizes reach $300 or more, your customers will often find longer terms and interest-free payments more appealing. Instead of relying on promotional strategies, you can attract more customers and make your products more accessible with these premium financing options.

During our early access, merchants who upgraded their standard package to premium observed an average 7% increase in sales and a 2.7% increase in average order value.** By spreading out their purchases over time, customers can manage their budget while still buying the things their heart's desire.

Activate Shop Pay Installments premium package today

Increase sales and expand your customer base with interest-free payments and longer terms. Offer your customers more time to pay for the things they love through Shop Pay Installments.

Shop Pay Installments is currently available in the United States to eligible merchants using Shopify Payments. It's the only buy now, pay later solution fully integrated into Shopify—with no redirects and no overselling.

Activate Shop Pay Installments Premium

If you’re not offering Shop Pay Installments, activate it today to offer your customers more payment flexibility:

Log in to check eligibility

If you’re not yet on Shopify Payments, activate it today to start benefiting from our full Payments stack.

Log in and set up Shopify Payments

*Some merchants may only be eligible to offer customers up to 6 months of interest-free monthly installments.

**The sample size consisted of 281 merchants using Shop Pay Installments with varying financial packages. Individual results may vary. An increase is not guaranteed.

Rates from 0-36% APR. For example, a shopper’s $800 purchase might cost $66.67/mo over 12 months at 0% APR. Payment options through Shop Pay Installments are subject to eligibility and are provided by Affirm’s lending partners: affirm.com/lenders. Options depend on your purchase amount, and a down payment may be required. More options may be available upon approval. State notices to consumers: affirm.com/licenses.

Jessica Kwan