Is Amazon Pay Later safe? If you are searching for this then you have come to the right blog post. This blog post will help you learn whether Amazon Pay Later is safe or not and how you can use it safely.
So, don’t go anywhere else, just read this article from the beginning to the very end to get the answer to your question “Is Amazon Pay Later safe?”. So, let’s jump into this guide…
What is Amazon Pay Later?
Is Amazon Pay Later safe? Before learning this, let’s first know what is Amazon Pay Later and how it works. Then we will be able to know whether Amazon Pay Later is safe or not.
Amazon Pay Later is a BNPL (Buy Now Pay Later) service provided by Amazon in collaboration with Capital Float and IDFC First Bank. Amazon Pay Later allows eligible customers to buy products now and pay for them later. It is like getting a loan from Amazon to pay for your purchases.
Amazon Pay Later is a convenient and hassle-free payment option that allows users to make purchases on Amazon without using cash. It offers a smooth and simple experience for managing finances and making effortless payments on Amazon.
Amazon Pay Later due date is generated on the 5th day of the next month. If you clear your dues in the next month, you will not have to pay any extra charges. But if you pay through EMIs, you will have to pay some interest.
Is Amazon Pay Later Safe?
Yes, Amazon Pay Later is 100% safe and secure. They keep your personal and account information private. Amazon Pay Later offers credit through their RBI Licensed financial partners – Capital Float and IDFC First Bank.
So, Amazon Pay Later is absolutely a safe BNPL service. It works under the regulations of RBI. Now let’s talk about how to use Amazon Pay Later.
Also Read: Is FamPay Safe
How to Use Amazon Pay Later?
Amazon Pay Later is a hassle-free payment method available on Amazon. You can use Amazon Pay Later for shopping, mobile recharge or bill payments. But you can’t use Amazon Pay Later anywhere other than the Amazon app or its website.
As per your credit limit, you can purchase different digital products through your Amazon Pay Later. You can make the payment in the next month or if you want you can also take EMI for 3-12 months.
Now, let’s know how you can purchase a product on Amazon using Amazon Pay Later.
Step 1: Choose a product as per your Amazon Pay Later limit.
Step 2: Tap on the Buy Now button.
Step 3: At the payment tab, select the Amazon Pay Later option.
Step 4: Choose an EMI plan or pay the full amount on the 5th day of the next month.
Step 5: Click on the Continue button.
Step 6: Tap on Place Your Order and Pay and verify your PAN card number.
Step 7: Once done, your order will be placed successfully.
Remember – Only if the price of the product you are going to purchase is less than your credit limit, you can buy the product with your Amazon Pay Later. But if the price of the product is more than your credit limit, you won’t be able to use your Amazon Pay Later to buy that product.
What If I Don’t Pay Amazon Pay Later Bill?
If you don’t pay your Amazon Pay Later bill on time, you will suffer a lot of penalties, like
- Late payment fees
- Your credit score will go down
- You need to pay interest on your outstanding amount.
So, you should pay your Amazon Pay Later bills on time. If you have selected the option to pay the bill on the next month, you must pay it on the 5th of next month So that you don’t have to pay any extra charges. And if you choose an EMI plan, pay the EMIs timely.
Also Read: How to Close Amazon Pay Later
Conclusion
Amazon Pay Later is one of the hassle-free payment options. Through this, you can buy a product and pay the bill in the next month, but is Amazon Pay Later safe? In this article, we have learned whether Amazon Pay Later is safe or not.
Not only this, but we have also provided answers to more related questions in this article, such as what is Amazon Pay Later, how to use Amazon Pay Later, and what if you don’t pay your Amazon Pay Later bill. If you’ve read this entire article then you’ve definitely understood that.
If you have any questions or queries related to this topic, feel free to comment below. And share this article with others who might be also interested to know – Is Amazon Pay Later safe?
Frequently Asked Questions
Is Amazon Pay Later interest-free?
Yes if you pay your Amazon Pay Later bill in the next month then you don’t have to pay any additional charges or interest, but if you take EMI for 3-12 months then you have to pay some interest for it.
How to close Amazon Pay Later?
If you don’t want to use your Amazon Pay Later anymore then you can close it for sure. So, contact Amazon customer care support to close it, they will surely help you. Click here to learn about how to close Amazon Pay Later.
Can I use Amazon Pay later to pay my credit card bill?
Yes, you can pay your credit card bill with your Amazon Pay Later. It is a safe and easy way to pay your credit card bills.