'Amazon Pay Monthly' Entices Shoppers with a Buy Now, Pay Later Option

 - Apr 13, 2016
References: thesun & amazon
Web shoppers who are spending more than £400 on a single or multiple items are now eligible to take advantage of the Amazon Pay Monthly program via Amazon UK. The friendly, flexible financing solution is being introduced thanks to a partnership with Hitachi Capital, offering a convenient credit option that competes with other retailers.

Eligible users will be offered Amazon Pay Monthly upon checkout and when selected, a credit check is instantly run on users in order to deem if they will be a good candidate for the program. Amazon Pay Monthly charges 16.9% interest.

A representative from Hitachi notes: "It means you can go straight from choosing a new dishwasher or fridge to accessing finance options through us, all while staying on the Amazon site."