Target is one of the most visited stores in the United States due to its wide variety of products. Because of this, they have to add most of the existing payment methods to ensure their customers’ successful purchases.
Therefore, we might wonder if Target has incorporated Buy Now Pay Later, which has become very common nowadays due to its ease and the fact that it allows you to make your purchases regardless of whether you have enough money to cover them.
Does Target have a Buy Now Pay Later payment option?
As expected, yes, Target has entered the Buy Now Pay Later world and is currently accepting different platforms such as Affirm, Sezzle, PayPal Pay in 4, Afterpay, Klarna, and Zip. Each one provides its benefits and has its way of using it.
Target payment plan
The payment plan of the Buy Now Pay Later platforms will depend on the option you choose from the ones mentioned above.
In the case of Affirm, you will be able to cover your monthly payments for a determined period.
This period depends on the amount of your debt, but it can be between 3, 6, 12, or 24 months. In this way, you could make equal payments each time with an interest rate between 10% and 30%. This rate depends on the loan you have applied for.
By choosing Sezzle as your payment method, you will be able to get a virtual card that you should be able to use for your purchases at Target. Their payment plan is based on paying 25% of the total amount at checkout.
The rest you will pay in equal payments divided into three, discounted through the automatic payment tool every two weeks after your purchase. No interest will be included.
PayPal Pay in 4
PayPal Pay in 4 is also accepted at Target. It is a highly recommended method because it allows purchasing online items priced between $30 and $2000, but it all depends on your credit.
The purchase process is simple. First, you buy at Target, pay the amount with PayPal, and then pay directly in four different installments divided into four fortnights. This way, you would pay in six weeks with no interest fees.
As for Afterpay payments, they have an APR that ranges from no interest cost to 36% interest. It also offers a flexible plan to pay for your purchases, which could be paid for in around 6 to 12 months.
In addition, they cover payments for purchases over $400. Just keep in mind that they usually require a down payment.
In the case of Klarna, the payment plan is divided into four installments. The first must be paid when you confirm your purchase, and the next three must be paid two weeks after your purchase.
In this way, you should pay off your debt in approximately six weeks. You do not have to worry about interest fees or late payment fees.
If you request a refund or return at Target, according to their policies, you may be able to get a refund from Klarna.
Zip works like Sezzle and Affirm. This platform divides your debts into small installments of the same amount. You must also pay an initial fee at the time of your purchase and the rest every two weeks for six weeks.
However, Zip has a fee of $1 for each payment made. Thus, when you make four payments, you will have to add $4 for your debt to be paid off. It would be best if you also kept in mind that they have a late payment fee between $5, $7, and $10.