Amazon launches Amazon Pay Monthly

Amazon launches Amazon Pay Monthly

American online retailer Amazon has offered its customers in United Kingdom the option to pay monthly if they order for more than 400 pounds (550 euro). 

16.9 % interest

The amount of 400 pounds can be spread over different products and is therefore based on the entire order. The monthly payments can be spread over 2, 3 or 4 years, depending on the size of the order. Customers that want to use the service are automatically checked if they meet the requirements online without having to leave Amazon's website.

 

No down payment is required for the service, but consumers will have to live with a 16.9 % interest. Amazon Pay Monthly is only available when the products are sold and shipped by Amazon itself, which means that it does not apply to third party items.

 

"The new Amazon Pay Monthly program provides our customers with further payment options to suit their needs when shopping on our website, and it is easy, convenient and offers competitive rates and flexible terms", Amazon says.

Questions or comments? Please feel free to contact the editors


Rocket Internet wants to go public with Home24

19/01/2018

Rocket Internet wants to go public with its furniture web shop Home24 in the summer. During the next few months, it will work tirelessly to improve the web shop’s results.

Carrefour buys stake in Showroomprivé

12/01/2018

Carrefour has obtained a 17 % minority stake in flash sale seller Showroomprivé with the intent of increasing its digital and non-food reach. Former shareholder Conforama did suffer a loss.

Will free home delivery disappear?

15/12/2017

A growing number of online orders also brings additional pressure on the logistical industry. Free home delivery can no longer be maintained according to research company ECC Köln. More flexible options should be installed.

Amazon brings its private labels to Europe

14/12/2017

After it introduced Amazon Prime to an increased number of European markets, Amazon is now bringing in its own FMCG private labels. Over the past few weeks, the online department store launched several private label products in Europe and it has plans for even more. 

Amazon Echo is now available in the Benelux

11/12/2017

Amazon announced it will ship its smart speaker Amazon Echo to another 28 countries, including Belgium and the Netherlands. Its own music streaming service will also get a local launch.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Back to top