Perhaps you are a new or regular shopper at Amazon and you wish to opt for their installment plan but you don’t know their requirements. No worries! You have landed on the right article, we’ll put you through it shortly. Keep scrolling to get the information you want.
Amazon’s monthly payment plans are a buy now, pay later offer where customers are allowed to make purchases and make payments at a later date. This offer is not available to all their customers; hence, to qualify for this offer, you’re required to meet some eligibility criteria. Once you meet the criteria, you can buy the eligible goods and defer the payment to a later date.
Eligibility Criteria For Amazon Monthly Payments Plan
As we noted in the introduction, there are eligibility criteria that a customer must meet before they can unlock the Amazon monthly payments plan. The requirements are outlined below:
- You expected to make a minimum monthly purchase of $149.
- Your Amazon account must have a good purchasing history.
- It is important to ensure that the goods you intend to buy are eligible for the buy now, pay later offer.
- The offer is only available for household, personal or family use; hence, you must acknowledge that before opting for the service.
- If you are eligible for the offer, you are allowed to transfer it; if you dare transfer it, it will lead to automatic disqualification.
N/B:
It is important to note that it is Amazon that decides who is qualified for the program; hence, you may still meet the eligibility criteria and not qualify for the Amazon monthly payments.
Amazon Monthly Payment Prime
As a regular customer at Amazon, you will enjoy a free trial or membership for a specific period of time. Once your free trial ends, Amazon will charge you a fee for your membership. If you don’t pay the fees, your membership will be canceled.
Currently, Amazon charges $14.99 per month for Prime membership, while they charge $139 annually for Prime membership. On the other hand, Amazon charges $8.99 monthly for its Prime Video membership.
If you are a Prime member of Amazon, you may have higher chances of benefiting from their monthly payments. It is important to renew your membership whenever it expires to enable you to build a good reputation with the platform.
How Do I View Amazon Installment Payments?
If you made some purchases from Amazon through their installment payment plans and you wish to check your recurring payments, just follow the steps below:
- Go to the Amazon official website.
- Once you visit their site, login to your Amazon payment account.
- Search for merchant settings and click on them.
- Once you click on the merchant settings, it will open and show you recurring installment payment you have made and the remaining balance.
Amazon Installment Plan Balance
If you made some purchases from Amazon through their installment payment plans and you wish to check your recurring balance, just follow the steps below:
- Go to the Amazon official website.
- Once you visit their site, login to your Amazon payment account.
- Search for merchant settings and click on them.
- Once you click on the merchant settings, it will open and show you recurring installment payment you have made and the remaining balance.
Amazon Manage Monthly Payment
If you want to manage your Amazon monthly payments, then Amazon Pay will give you all the basic information you desire.
To review or manage your Amazon monthly payments, just do this:
- Visit Amazon Pay, tap Sign In, and select Check Your Amazon Pay Orders.
- Log in using your Amazon details.
- Once you login, choose the Merchant Agreement tab/ Manage Merchant Settings.
- The Manage Merchant Settings page will show you the details of your recurring payments.
At this point you can manage your account by doing any of the following
1. Cancel A Recurring Payment Or Subscription
To cancel your recurring payment or subscription, just do this:
- On the Manage Merchant Agreement page, you will see the Details page. Tap on Cancel Agreement.
- Once you click on the Details page, a dialog box will open, and you can then tap Cancel Agreement.
- At this point, Amazon will process your cancellation and they will send you an email to confirm the cancellation.
2. Change The Payment Method For A Recurring Payment Or Subscription
To change your payment method for recurring payments or subscriptions, you will have to look at the Details page under Payment Method and tap on Change. Once the new page opens, you can do any of the following:
- If you wish to use an already existing alternate payment method, tap the red button for the applicable payment method.
- If you wish to use a new payment method, tap on Add a new payment method, fill in the card details, and then select a billing address. And finally, tap on ‘’Use selected payment method’’. And that’s all.
Is Amazon’s Monthly Payment Good?
Amazon’s monthly payment seems to be good because the company said that the program is designed to enable their customers to meet their purchasing needs instantly and defer the payment, which would invariably help them meet their needs without breaking the bank. However, before you opt for it, it is best to understand their terms and conditions to enable you to decide whether it is suitable for you or not.