Online shopping has become much easier these days with the various payment options available. One such easy option would be Flipkart Pay Later, which helps you buy now and pay later. Whether it be a cash crisis or just wanting to maintain better financial management, Flipkart Pay Later can help in both ways. We will discuss in this blog the service and all that concerns it: how it works, the eligibility criteria, and the benefits it offers.
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What is Flipkart Pay Later?
Flipkart Pay Later is the flexible payment alternative for shopping on Flipkart, which allows consumers to pay later. It literally means not paying anything at the time of purchase but settling either the full amount or easy installments later. This basically provides the user with better control over their spending and finance management.
How Does Flipkart Pay Later Work?
Using Flipkart Pay Later is relatively easy. Here is how it works:
- Activation: First of all, you have to turn on Flipkart Pay Later in all. This typically includes a very light check in the process where Flipkart checks your creditworthiness using your past transactions and other payment histories.
- Shopping post-activation: you may continue shopping as usual on Flipkart. During checkout, select Flipkart Pay Later as the payment option.
- Billing: Flipkart generates a consolidated bill for all your purchases made during a billing cycle usually a month at the end of the billing cycle. You will thus be notified of a total amount due and the due date.
- Payment: Pay the total amount by due date or easy EMI options payable in a few months.
Flipkart Pay Later Eligibility Criteria
Not everyone is eligible for Flipkart Pay Later. Here’s what you need to know about the eligibility criteria:
- Age: You must be at least 18 years of age.
- Creditworthiness: Flipkart examines creditworthiness by reviewing the payment history and the credit score and transaction trend on the platform.
- Account History: When you have a record of paying regularly and on time, you have a better chance of approval with Flipkart.
If you meet these eligibility criteria, you will most probably be eligible for Flipkart Pay Later. The activation process usually takes minimal time, and you can use it almost instantly.
Benefits of Using Flipkart Pay Later
There are several benefits to using Flipkart Pay Later:
- Convenience: Shop anytime and eliminate the hassle of upfront payment. This comes in handy during sale events or when making any other big purchase.
- Flexible Payment Options: You can clear the entire amount on or before the due date, or even spread it over a few months with the EMI option.
- No Interest Charges: In case the entire amount is paid before the due date, there will be no interest charges. However, interest may be charged if you opt for EMI.
- Instant Approval: In a matter of seconds, once you become eligible, the activation process gets completed pretty fast, and you could begin shopping immediately.
- Consolidated Billing: All your purchases are consolidated into a single bill for the manageability of expenses to be easier and more organized.
How to Activate Flipkart Pay Later
The steps to activate Flipkart Pay Later are as follows:
- Log in to your Flipkart account.
- Go to the Payment Options section under your account settings.
- Select Flipkart Pay Later and follow the on-screen instructions to complete the activation process.
- Verify your details: You may be asked to provide some additional information or complete an OTP (One-Time Password) verification.
- Start Shopping: Once activated, you can start using Flipkart Pay Later as a payment option during checkout.
Important Things to Keep in Mind
Though Flipkart Pay Later comes with many benefits, here are a few pointers to keep in mind:
- Timely Payments: Make all payments on time so as not to incur late fees or interest charges on your bill. Timely payments also take you one step further toward better credit scores.
- Credit Limit: Flipkart may set a credit limit based on your eligibility. Please bear this in mind while placing orders.
- Interest on EMIs: In case of availing the EMI option, please know interest charges may be levied depending on the tenure and amount.
Conclusion
The Flipkart Pay Later feature gives fantastic flexibility in making one’s payments and makes a person carefree in this shopping world. Be it making a big purchase or better managing one’s cash flow, it helps in every way. Just remember to use it responsibly, pay your bills on time, and enjoy the many benefits this has to offer.
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FAQs – How to Use Flipkart Pay Later
How do I activate Flipkart Pay Later?
Activate Flipkart Pay Later with the steps outlined: log in to your Flipkart account, click on the “Payment Options” section under account settings, click on Flipkart Pay Later, and follow in-app instructions to complete the activation process, which sometimes asks you to verify your details using an OTP sent via text. You can use the facility straight away during checkout once you have activated it.
How do I close my Flipkart Pay Later account?
To close your Flipkart Pay Later account, follow these steps:
Contact Customer Support: You will have to contact the customer support team of Flipkart. You will find it in the Flipkart application or on the website. Look for the “Help Center” button and opt for chat/call with customer support.
Request for Deactivation: You will have to inform the customer care executive that you wish to close your Flipkart Pay Later account. He/she will then walk you through the process and thereafter may request some verification details to check upon the authenticity of your request.
Pay and Settle Outstanding Dues: If any, the outstanding dues against the Flipkart Pay Later account have to be paid and resolved totally. You cannot close the account if there is an unsettled or pending payment or unpaid bill against you.
Confirmation of Closure: Once that is all done, request confirmation from the customer support team regarding the closure of your Flipkart Pay Later account. It’s a good idea to keep a record of this confirmation for your reference.
Monitor Your Account: Monitor your Flipkart account for at least a few days to ensure that the Flipkart Pay Later option does not exist after closing.
In case you find any problem in the middle of the process, never stop following up with customer care until your account is completely closed.
What is the credit limit for Flipkart Pay Later?
Flipkart Pay Later credit limit varies from user to user and is based upon several factors. These could include your credit score, repayment, and purchase history on Flipkart. When you activate this service, Flipkart sets a credit limit, and that decides how much you will be able to spend using Flipkart Pay Later.
Can I pay in installments with Flipkart Pay Later?
Yes, you can use Flipkart Pay Later and pay in installments. In case you are not willing to pay the lump sum amount by the due date, then you can opt for the equated monthly installment option. This will help you break up your payment into a certain number of months so that large purchases can be easily managed. Interest may apply depending on the EMI plan chosen.
How does Flipkart Pay Later work?
Through Flipkart Pay Later, one can shop on Flipkart without having to pay for the items right away. Activate the service, shop on Flipkart, and select ‘Pay Later’ at checkout. You can make payments either in full by the due date or through easy EMI. You will receive a consolidated bill at the end of the billing cycle that details the total amount due, all of which you can pay by the due date or convert to EMIs.
