Everything You Need To Know About The Amazon Pay Later Service


Amazon has launched Amazon Pay Later facility. Just as the name implies “Amazon Pay Later”, you can operate on this service or platform to make purchases of items on the Amazon platform now and pay later on Amazon. In this post, let’s find out how this service works and how you can register for it. Read more on this article to get how this service really works and be among the people to enjoy it.

Amazon Pay Later
Amazon Pay Later

Amazon Pay Later

Some people might conclude they already have this option with their credit cards. For this, they get a no-interest credit period of about 45 days. They can as well get an option to purchase via the EMIs. Yes, that’s right. If you already own a credit card, I see little benefit in this service unless Amazon offers exclusive deals or the service is offered at a low rate of interest.

How Does Amazon Pay Later Work

Amazon is a retail e-commerce company and can’t extend credit to its customers. The credit facility is extended by its partner, Cap Float Financial Services Private Limited, a non-banking financial company. Amazon shoppers can use this platform to pay for a whole purchase amount for the next month at no extra cost fee. Or you can as well pay between 3 to 12 EMIs. With EMIs, you will have to bear the interest costs. This is totally unlike Afterpay where no interest is paid.

The interesting point is that you do not need a credit card to use this facility. Not every shopper using the Amazon platform may own a credit card and will still desire to purchase in installments. For such buyers, this service can be useful.

How to Register for Amazon Pay Later

Amazon gives you a platform to register for the facility on the Checkout page. There can be options to register using the mobile app.

The registration is a 3 step process.

  • KYC
  • Accept terms and Conditions
  • Set up Auto-repayment

Amazon Pay Later Option

If you have finished KYC for Amazon Pay Balance, you can select the option and move forward. Alternatively, you must do Aadhaar based OTP verification to complete KYC.  There are plans to schedule doorstep visits to complete KYC but the feature has not yet been enabled. Note that the physical KYC process will delay and you won’t be able to make an instant purchase of your shopped items.

You also need to share your PAN. Capital Float will use this service to prepare your credit history and make an instant lending choice.

You also need to provide address proof. The accepted documents are Aadhaar, Voter id card, driving license, and utility bills (not over 60 days old) It is possible that Capital Float may insist on an address proof that is the same as the delivery address.

Thereafter, you will be displayed details on your credit limit and asked to accept terms and conditions.

Transaction Limits

There are the minimum and maximum transaction limits under this service, depending upon the repayment tenure.

TenureMin. AmountMax. Amount 
1 month010kBuy now, Pay next month.
3 months3k30kBuy now, Pay in EMIs.
6 months6k60kBuy now, Pay in EMIs.
9 months9k Buy now, Pay in EMIs.
12 months9k Buy now, Pay in EMIs.
minimum and maximum transaction limits


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