Walmart is a major force in retail, and it has never refrained from creative initiatives to alter how customers pay. Over the years, it has competed with major competitors like Amazon and Target and the major payment sector players. In addition, it has collaborated with many of these businesses as partners, allowing Walmart to experiment with novel offerings in the digital era while simultaneously lowering its costs. For instance, Walmart changed its layaway program with Buy Now, Pay for Walmart offerings before the 2021 Christmas shopping season.
A recent study found that shop now, pay later solutions were used by more than half of the consumers polled, making it a rather prevalent practice. This makes it the logical choice for Walmart and other large shops to provide payment plans, including Amazon and Target. Read on to learn more about how to utilize Walmart’s “shop now, pay later” service, the businesses it partners with, and the items that may be purchased on an installment plan.
Which Shop Now, Pay Later Options Does Walmart Offer?
Walmart allows the shop-now, pay-later payment methods through Zip, Klarna, PayPal Pay in 4, and Affirm. Walmart decided to end its layaway policy. Other significant shops are adopting the new alternative payment plan plans as they acquire popularity.
Depending on the order quantity, the Walmart shop now, pay later program allows customers to make instant purchases and spread out their payments over 3, 6, 12, or 24 months.
How Does Walmart’s Shop Now, Pay Later Work?
Customers at Walmart may spread out payments with Affirm for up to 24 months at varied interest rates. When checking out on Walmart.com, select Affirm as your mode of payment and request an installment loan.
For in-store Walmart purchases, you must first register at Affirm.com, choose a payment option, and then scan the provided barcode at the cashier. Following that, you will pay to Affirm online in accordance with your repayment schedule.
For consumers who have between 4 and 6 weeks to pay, Walmart also offers Zip pay, Klarna, and PayPal Pay in 4. Customers may also use Walmart’s purchase now, pay later options in-store and online.
What Products at Walmart Can You Purchase Using Shop Now, Pay Later?
Most items may be purchased in-store and online through Walmart’s “shop now, pay later” program. Here are a few of the many goods you may buy at Walmart now and pay for later listed below:
- Electronics
- Home Renovation supplies
- Game consoles
- Apparel
What Products Can’t You Buy At Walmart Using The “Shop Now, Pay Later” Option?
Some items sold by Walmart are not eligible for installment financing. The following goods and services are not covered by the Buy Now, Pay for Walmart scheme:
- Baby Consumables
- Groceries and Food
- Pharmacy, Health, and Wellness
- Personal Care
- Pet Supplies
Final Thoughts:
Every week, 140 million consumers buy at Walmart in-store or online. Both small and large purchases are more affordable, thanks to Walmart’s easy installation options. For instance, customers may use a shop now, and pay later to purchase a laptop, portable projectors for camping, toiletries, auto batteries, TV sets, clothing, holiday gifts, and more without worrying about paying in the shop.