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  2. To use Shop Pay Installments in Shopify, you need to12:
    1. Log-in to your Shopify store and go to Settings > Payments.
    2. Under the Shopify Payments section, select Manage.
    3. Under Shop Pay, check Shop Pay Installments.
    4. Read and accept the terms and conditions, then click Save.
    5. Enter details about your online store and banking information and then Save2.
    Learn more:
    How do you use Shop Pay Installments? Log-in to your Shopify store and go to Settings > Payments. Under the Shiopify Payments section, select Manage. Under Shop Pay, check Shop Pay Installments. Read and accept the terms and conditions, then click Save.
    www.shopify.com/uk/blog/what-is-shop-pay-install…

    How to start using Shop Pay

    • From the Shopify admin area, go to Settings and then to Payments.
    • In the Third-Party Payment Providers section, select Manage.
    www.nerdwallet.com/article/small-business/what-is …
     
  3. People also ask
    What is a shop pay installment?Shop Pay installments enable merchants to buy now and pay later by paying for products in installments and not all up front. This gives both stores and customers the flexibility to pay and get paid in a more affordable fashion. It’s proven that stores that sell via Shop Pay installments have more sales, larger orders and fewer abandoned carts.
    How does Shopify payment work?Customers can see their payment schedule and the amount due for each installment in their Shop Pay account. The merchant doesn’t run a risk of non-payment because they’re paid upfront by Shopify, and the customer then pays monthly installments to the platform itself. The merchant does have to pay a 5.9% + 0.30c Shopify fees for Installment orders.
    How do I set up shop pay installments in Shopify?From your Shopify admin, go to Settings . Click Payments . In the Shopify Payments section, click View payouts . Click Transactions . Click More filters . Select Payment method, and then select Shop Pay Installments . Click Done . What happens when a customer returns an item paid for using Shop Pay Installments?
    How much does Shopify charge for monthly payments?Monthly payments incur a 10% – 36% annual interest rate. Customers can see their payment schedule and the amount due for each installment in their Shop Pay account. The merchant doesn’t run a risk of non-payment because they’re paid upfront by Shopify, and the customer then pays monthly installments to the platform itself.
     
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