Shop Pay Installments review
A Shopify checkout option for installments, not a general-purpose checkout platform.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
Shop Pay Installments lets eligible Shopify merchants offer customers a way to split eligible purchases into payments. It supports online checkout in the United States, Canada, and United Kingdom, and in-person checkout through Shopify POS in the United States. Customers may choose biweekly interest-free installments or monthly plans, subject to eligibility and applicable rates. This is most relevant to Shopify stores that want installment financing within their checkout rather than a broader checkout product.
The payment options vary by package and eligibility. Standard plans include monthly installments up to 12 months, while eligible merchants may have premium financing options with terms up to 24 months. Customers can also see purchasing-power messaging on product and cart pages, and Shopify provides a marketing toolkit for promoting installment payments. Merchants receive payment upfront through Shopify Payments; Affirm handles installment collection from customers. The service is included with Shopify, but merchant transaction fees apply, with specific rates shown in Shopify admin.
Its fit depends on a merchant's platform and payment needs. Shop Pay Installments integrates with Shopify Payments, Shopify POS, and Shop Pay, and is cloud-based with mobile deployment. Availability is restricted to eligible stores and supported countries, and checkout options differ by location: POS checkout is available in the United States. It does not support multiple currencies or subscription payments, so stores needing either capability should consider another option. For eligible Shopify merchants seeking installment payments and upfront payouts, it may fit; merchants looking for general-purpose checkout or broader currency and billing support should look elsewhere.
Shop Pay Installments pros and cons
- Where it wins
- Offers biweekly interest-free and monthly installment options
- Supports online checkout and QR-code payments through Shopify POS
- Merchants receive payment upfront through Shopify Payments
- Where it doesn't
- Availability is limited to eligible stores in supported countries
- Does not support multiple currencies or subscription payments
- Merchant transaction fees apply; rates are shown in Shopify admin
Shop Pay Installments fact sheet, pricing and score →
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