If you are an active Amazon user or, at some point, you have used the platform. Surely you have wondered if they have some payment plan. Or rather, a pay-later system that allows you to organize your payments.
Does Amazon have payment plans?
It is clear that on Amazon, we can find whatever we want, although sometimes, some purchases are beyond our budget. So don’t be discouraged if you are one of those people who go crazy when shopping. Amazon does have a pay-later system and payment plans.
Amazon Pay Later system and its monthly payments
The Amazon Pay Later system is simple, as long as the product you want to purchase is available in this option. Amazon will facilitate the purchase in the process of installments divided into up to 4 payments from the order of the item.
You will see this option on the Amazon page when you get to the point of processing the payment. You will be able to check if the product is available for purchase and if you can buy it. This is because not all Amazon users can purchase a product via Pay Later.
In short, this credit system does not depend directly on your credit history. Rather, it depends on how much you buy on Amazon and your history with the company. This feature was formerly known as Amazon Pay EMI before undergoing a re-branding process.
Monthly payment plans
Amazon Pay Later offers a payment system based on monthly installments. All this depends on the product but is governed by the same payment times. Also, this offer only covers a certain amount of products monthly.
Once you order the product and make the purchase process under Amazon Pay Later, your payment will be divided into five installments, each representing 20% of the product’s total price and shipping.
The first installment will be due on the day of the shipping date, along with the taxes and shipping fee. The remaining installments will be charged successively 30, 60, 90, and 120 days after product shipment. Also, these payments will be subtracted from the card you used to place the order.
Are there any additional payment fees?
Something that is surprising is that no, there are no additional fees for ordering a product with this payment method. So by ordering this way you will not spend more money.
Something you should consider is that Amazon does not allow the order of items with this payment method when your card is less than three months from its expiration date.
In the same way, if your card is canceled or deleted from your Amazon account. The company will resort to charging through another method that you have affiliated with.
In the case of non-payment of fees, Amazon is entitled to initiate legal proceedings against you. These range from temporary blocking to the closing of your Amazon account and removing the possibility of purchasing any product.
Refund policy and guarantees
Amazon’s standard refund method is followed in the case of refunds and returns of products purchased through this payment method. Only that differentiation is made in terms of the payments that have been made up to the time of the refund.
Likewise, in terms of limited warranty, this does not increase your range for purchasing a product this way. The warranty will continue to last as usual and will be honored through the normal process.
How do I access this service?
In addition to the normal Amazon requirements, not many obstacles are imposed on you to make this purchase. Likewise, not all regions have it available. In any case, the main criteria are your number of purchases on the platform and their consistency.
So this is a service that is more likely to be available if you are a constantly active Amazon user. In addition to complying with the various identifications and account verifications that are requested when creating a user.
Don’t worry; this feature is progressively becoming available to more and more users. It would be normal if it were not available for you for the time being, especially if your Amazon account is new or does not meet any of the criteria.
What products opt for this payment method?
All products except jewelry and gift cards are available for the Amazon Pay Later option. In any case, their availability will depend on the economic capacity of the account and its purchase history.
So as in the previous point, to have a better chance of making purchases using this system. You must be a constant Amazon customer with a good purchase history. Likewise, your account must meet the characteristics already mentioned above.
Although something to highlight is that per invoice, you will only be able to buy one product per category if you wish to pay this way. Likewise, until the payment for this product has been completed, you will not be able to order another product of the same category from your Amazon user.
“About Monthly Payments – Amazon Customer Service.” Amazon.Com. Spend Less. Smile More., https://www.amazon.com/gp/help/customer/display.html?nodeId=202095050&language=en_US.
“Amazon Pay Later – Amazon Customer Service.” Online Shopping Site in India: Shop Online for Mobiles, Books, Watches, Shoes, and More – Amazon.In, https://www.amazon.in/gp/help/customer/display.html?nodeId=GJ626ASQQ6PD2KZY.