Millions of customers from far and wide love the giant ecommerce website Amazon. No one can blame them as this platform is the ultimate go-to if you’re in search of products, from the cheapest trinkets to the most expensive gadgets imaginable.
Speaking of expensive, Amazon made sure that their customers can still get their hands on pricey products without draining their pockets in one go. This is where the monthly payment financing plans come in.
How to Become Eligible and Get Approved for Amazon Monthly Payments Financing Plan Service
Amazon determines your eligibility for approval to join in their monthly payment plans to finance your purchases. Take note that this isn’t a benefit that all customers automatically get.
The platform will go through your account to identify if you’re qualified for these plans. Your purchase history will be the first thing they will look at. The price of the item or items you plan to buy will also be taken into consideration.
You also need to confirm that it is a personal and not a professional or business purchase. Amazon doesn’t perform a credit check either so you can put your worries to rest.
Here are other qualifications that you need to meet to become eligible for Amazon monthly payments financing plans:
- Active Amazon account
- Active credit card
- A US resident
- Positive payment history
How to Enable and Activate Amazon Monthly Payment Plans Once Approved for Big Purchases
Once your eligibility for the financing plan has been verified and confirmed, here are the steps to follow to activate it:
- Enable the monthly payment financing plans for your Amazon account.
- Enabling the feature is the first step after you have signed in and confirmed that your Amazon account is qualified for financing plans for monthly plans.
- Go to the Monthly Payments page then click the option for “Enable monthly payments.”
- Look for a qualified product and choose monthly payments.
- The eligible products for the monthly payments financing plans have a text that reads “or 5 monthly payments” under the product listing’s standard price.
- Before adding the item to your cart, you can choose between “One-time payment” and “5 monthly payments.”
- Pay for the first month on top of the shipping fee and taxes.
- The Order Summary upon checkout will list down the total price of the item, the specific amount that you will be charged upfront, and your remaining balance.
- This remaining balance will be billed in uniform installed in the coming four months.
The Bottom Line
Amazon is no doubt one of the biggest names in the world of ecommerce. From being a simple website that sells books to a colossal platform that sells almost everything and anything under the sun, it’s no surprise that it continues to dominate the world of online marketplaces.
With their monthly payment financing plans, things have just gotten better for Amazon users. Once you have determined your eligibility, you can proceed to activate the plan so you can continue with your shopping without any worries about breaking the bank.
