cooledtured does “Buy now, Pay Later!” Payment Plans

Shop Pay offers customers the option to pay in full at checkout, or to split their purchase into four equal, interest-free installment payments for orders between 50 USD and 3,000 USD. There are no additional charges, interest rates, or late fees passed on to customers.

Customers’ credit scores aren’t affected if they use Shop Pay Installments. However, if a customer doesn’t pay their installment, or they make a late payment, then they might not be eligible to make purchases using Shop Pay Installments in the future.

When a customer views our products, the following information about Shop Pay Installments is displayed:

• Calculated installment payment amounts.
• Detailed information for customers who want to learn more about Shop Pay Installments.
• The latest compliance and regulatory information.

Shop Pay Installments can also improve conversion rates and average order value by letting customers know that they have the option to pay for certain orders in 4 installments.