Shop Pay offers you the option to pay in full at checkout, or to split your purchase into 4 equal, interest-free installment payments for orders between 50 USD and 1000 USD. There are no additional charges, interest rates, or late fees passed on to customers.
Paying in installments with Shop Pay is powered and serviced by Affirm. Eligible stores determine the availability of the option to pay in installments with Shop Pay.
Your credit scores aren't affected if they use Shop Pay Installments. However, if you don't pay your installment, or you make a late payment, then you might not be eligible to make purchases using Shop Pay Installments in the future.