by Gabriella June 22, 2022

Buy Now, Pay Later (BNPL)

Buy now, pay later or BNPL is a service that allows you to make a purchase and pay for it some weeks or months later with or without installments and no interest rate. This concept has been increasing, especially since the pandemic period started. In 2020 it represented around 2% of the purchases worldwide and the forecast is that it might represent 4% until 2024. Of course, KeySmart wholesale will also be part of this new purchase concept, and this is why we implemented Shop now, pay later service on our wholesale website.

Shop now, pay later!

We are happy to announce that we now offer BNPL services on our wholesale website through Shop Pay. Now you can pay in full at checkout or split your purchase into four equal installments. Shop risk-free.

But First, what is Shop Pay?

Shop Pay is a payment method that gives you the option to pay in full at checkout or pay for your order over time. Depending on your purchase amount, there are two ways that you can pay for your order in installments.  Bi-weekly installment payments. For orders between 50 USD to 999.99 USD, you can split your purchase into four bi-weekly, interest-free installment payments. There are no additional charges, interest rates, or late fees for this option, and your credit score isn't affected. Monthly installment payments. For orders between 150 USD to 17,500 USD, you can split your purchase into monthly installment payments. While there are no late fees for monthly installment payments, your order is subject to interest fees. Your credit score isn't affected when you apply, but it can change if you don't make your payments on time. The Shop Pay Installments option will be available at checkout.

Top Questions Shop Pay Installments

Q:   Who can use Shop Pay Installments?

A: To use Shop Pay Installments, you need to have a United States billing and shipping address and be signed up for Shop Pay.

Q: Can I use Shop Pay Installments if I want to use a gift card?

A: You can't pay for an order if the order includes currency in any form, including virtual and digital currency, like gift cards.

Q: What's the minimum and maximum order amount?

A: Orders need to be between 50 USD and 17,500 USD, including shipping and taxes.

Q: What cards can I use to pay with Shop Pay Installments?

A: Shop Pay Installments doesn't accept Capital One cards, prepaid debit cards, or prepaid credit cards. If you split your order into four bi-weekly payments, you can pay with a credit card or debit card. If you pay for your order in monthly payments, you can only pay with a debit card.

What are the advantages of using BNPL?

Easy access 

BNPL is a payment solution for those who want or need a product or service and cannot pay for it all at once without compromising their income. In this way, it facilitates people's access by being a short-term loan option. 

 Ease and Convenience 

 As the credit analysis is instantaneous, performed during the checkout of the purchase, the customer does not have to stop to look for the credit card numbers or request financing from financial institutions.

Shop now and pay later with Keysmart solutions

At Keysmart we’re dedicated to seeing our retailer win. This is why we’re always offering the best solutions for your business to grow even more. We create materials including emails and blog posts like this one, to help KeySmart retailers stay up to date with the latest trends in the industry.

 We’ve got a detailed Retailer Guide right here, that gives you all the information you need. And if you need extra assistance, drop a message at and one of our reps will be happy to help you. This information is only available to KeySmart Retailers. If you’re interested in joining the KeySmart community, click the button below and fill out a quick form.  

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