In a world where more and more consumers are turning to e-commerce platforms to shop for their favorite brands, it’s no surprise that Nike is one of the most popular brands on these platforms. And now, many Buy Now Pay Later (BNPL) companies help to buy branded products in a way that makes your pocket hurt less. One such company is Afterpay. Read this article to know more about Nike Afterpay financing. Well-known sportswear brand Nike accepts Afterpay financing on its products. Using Afterpay, one can pay for their Nike products in four or six installments. So, it is convenient for those who are a little short of money but need the product urgently.
Nike Afterpay Financing Option
An Australian company, Afterpay, offers a buy now pay later option to customers on many brands. It also does not check someone’s credit history. So everyone can get an Afterpay card and use it.
Like Klarna, Nike also has a partnership with Afterpay. So, whenever you purchase a product from Nike and choose Afterpay as your payment option, you can pay later in installments without any interest. Afterpay initiates a settlement fund with the seller. And with your regular payments, the settlement is cleared. Afterpay is easy to use, convenient, and does not take any additional charges. And even if you pay later, you are not required to pay any interest.
You can use Afterpay to make payments on both the website and in the Nike stores. For both cases, you need an Afterpay account.
How To Make Payment With Afterpay At Nike?
Using Afterpay during a purchase from Nike is easy, both for online and in-store shopping. During online shopping, follow these steps to make a purchase –
- Create an Afterpay account.
- When you checkout, select Afterpay as a payment method.
- Log in to your account and complete your checkout.
- And your purchase will be processed the same way as any other payment method.
During in-store shopping, follow these steps to pay using Afterpay.
- Download the Afterpay app and create an account.
- Open the app. Select the ‘Card’ tab and open an Afterpay card. Then add it to your digital wallet.
- Make your purchase.
- Activate the Afterpay card during checkout and pay using your traditional payment method.
Benefits Of Using Afterpay
Some benefits of using Afterpay are
- You can pay in installments.
- There is no interest added for paying in installments.
- There are no additional charges except a late fee if you fail to pay on time.
- Past credit history is not checked.
- Cardholders’ payment reports are not sent to credit bureaus. So, even if there may be a case of late payment, it won’t reflect on your credit history.
Other Payment Methods Accepted At Nike
Nike accepts multiple payment methods keeping customers’ convenience in mind. Although, you can not combine more than one type of payment method for purchase. You can pay at Nike using any one of the following ways –
- The accepted card payment options are American Express, Diners Club, Discover, Maestro, MasterCard, Visa, Visa Electron, and American Express.
- You can save multiple credit and debit cards to your profile for a faster checkout if you have a Nike membership. You also should set up your linked bank account for international purchases. If you don’t, you will be notified to do so when the need arises.
- Apple Pay and PayPal are also accepted. But Apple pay is available only on Nike.com and you need a compatible version of the iPhone to use it.
- Klarna, Afterpay, Nike gift cards, and Vouchers are some of the other accepted options of payment at Nike.
Conclusion
Sportswear can be very pricey, especially when it is from a household brand. But BNPL options like Afterpay help in buying these products while managing the finance. And the more you use Afterpay, your credit limit per transaction will also increase. What sets it apart from other BNPL sites are its zero-interest policy and lack of credit history checking. But even after all this, you must be conscious of your finances and make payments on time. So, if you are shopping from Nike, using Afterpay is worth it.
FAQs:
- What other brands accept Afterpay besides Nike?
Other than Nike, Amazon, CVS, Walgreens, Dell, Yeti, Kroger, Nordstrom Rack, Macy’s, Nike, Target, and Victoria’s Secret, accept Afterpay payments, to name a few.
- Can I use Zip at Nike to pay later?
Yes, Zip is one of the BNPL partners of Nike. So you can use Zip to pay later for your Nike products.
- Does Afterpay help in building credit history?
Afterpay doesn’t check credit when opening an account and does not report a user’s timely payments to credit bureaus. So, it neither hurts nor helps in building a credit history.
- How much can I borrow from Afterpay?
The more you use and make timely payments, the more will be your Afterpay limit. The highest limit is $1500 per transaction.
