Shop Pay Installments - a Buy Now, Pay Later Service by Shopify

Shop Pay Installments, the new buy now, pay later service by Shopify, is going to be available by the end of 2020 to U.S. merchants eligible for Shopify Payments. It will let merchants give their customers the option to split their payments into four equal installments, with no interest or additional fees, while the merchants will still get paid "instantly." This new service will compete with well-established solutions like Afterpay as well as Affirm, Klarna, and Clearpay, which are Afterpay alternatives. A clear expected advantage is that this solution could be well integrated within the Shopify admin and offer a seamless checkout experience. Other Shopify services usually provide a good and simple solution for basic users, while heavy users who seek advanced features would choose third-party services. The exact terms of Shop Pay Installments were not published yet. It is possible to join the waitlist and sign up for updates here - https://www.shopify.com/shop-pay-installments