Hey there! Let‘s talk about whether Walmart accepts Afterpay and other "Buy Now, Pay Later" financing options
I don‘t know about you, but I love finding ways to buy awesome stuff without having to pay everything upfront. It‘s why "Buy Now, Pay Later" (BNPL) services like Afterpay and Affirm have become so popular lately.
But many major retailers still don‘t accept these new, trendy BNPL payment options. So a common question I get from friends is:
"Can I use Afterpay or other BNPL services when shopping at Walmart online and in stores?"
It‘s a great question! Walmart sells so many big ticket items like laptops, TVs, furniture, appliances, etc. Being able to split those large purchases into smaller, manageable payments over time can be a total game changer!
I decided to dig into this topic and share everything I learned about how BNPL works (or doesn‘t work) at Walmart stores. Let‘s get to it!
Does Walmart Accept Afterpay Specifically?
The short answer is no, unfortunately Walmart does not accept Afterpay as of 2022. I know, bummer!
Afterpay is arguably the most popular BNPL service right now. But it is not affiliated with Walmart for online orders or in-store purchases.
I see lots of people on Reddit and Twitter asking "How can I use Afterpay at Walmart?" But for now at least, it‘s not possible to use Afterpay when shopping at Walmart.
Good News! Walmart Does Accept Other Major BNPL Services
Now for some good news! Even though Walmart doesn‘t take Afterpay (yet), they do offer other BNPL options including:
- Affirm – This is Walmart‘s official buy now, pay later partner. More details below!
- Klarna – Pay in 4 interest-free installments over 6 weeks.
- Quadpay – Also lets you pay in 4 installments over 6 weeks.
- PayPal Pay in 4 – Pay in 4 installments directly from your PayPal balance.
So you have choices if you want to finance a Walmart purchase and avoid paying everything upfront.
These services give you more flexibility and can help you avoid credit card debt or interest. Just make sure to understand all the terms so you don‘t get hit with any late fees!
Below I‘ll explain more about how each BNPL option works for online and in-store Walmart purchases.
But first, let‘s quickly go over…
What Kinds of Purchases Can You Finance With BNPL at Walmart?
You can‘t use these BNPL plans to finance just any old purchase at Walmart, which makes sense.
These financing options are meant for larger, more expensive items – not small everyday essentials and basics.
Here are the product categories where you can use BNPL services at Walmart:
- Electronics
- Home Improvement
- Appliances
- Furniture
- Jewelry
- Toys
- Automotive Accessories
And here are the types of items where BNPL is not accepted:
- Groceries
- Pharmacy and OTC Medications
- Baby Formula & Diapers
- Alcohol or Tobacco
- Gift Cards
There are also purchase amount limits in place:
- Minimum: $144
- Maximum: $2000
So BNPL is reserved for those bigger budget purchases at Walmart. You couldn‘t use it to finance a quick $20 grocery run for example.
Okay, now let‘s get into the details on how to use each buy now, pay later service at Walmart! We‘ll start with…
How To Use Affirm at Walmart
Affirm is the official buy now, pay later partner of Walmart, so it‘s a great option to consider first.
Here‘s an overview of how Affirm works for Walmart purchases:
- Loan Amounts: $50 to $2000
- Installment Plans: 3, 6 or 12 months
- Interest: Varies based on credit (rates from 0% to 30%)
- Credit Check: Yes, soft check
Affirm approvals are based on your credit score and history. You‘ll generally need a minimum score of around 640, but they may approve as low as 600.
Using Affirm at Walmart In-Store
To use Affirm for an in-store purchase:
- Go to the Affirm site and select your preferred 3, 6 or 12 month payment plan
- You‘ll get a one-time use barcode on your phone
- The Walmart cashier can scan this barcode to complete the financing
- You‘ll make monthly payments to Affirm
Using Affirm Online at Walmart.com
If you‘re buying online at walmart.com:
- When checking out, select the "Affirm" payment option
- Complete an application with personal details and income
- If approved, Affirm will share the loan terms
- The Walmart site will confirm when Affirm payment is all set!
- Affirm will withdraw monthly payments from your bank
One thing to be aware of is that Affirm may perform a soft credit check when you apply. This won‘t harm your credit score, but too many checks in a short time can impact your approval odds.
Pro Tip: Be strategic and only apply for the amount of Affirm financing that you absolutely need. Don‘t go applying for multiple loans "just to check."
Breakdown of Quadpay for Walmart Purchases
Okay, next up we have Quadpay! Here are the key details on this BNPL option:
- Loan Amount: $50 to $2500
- Installments: 4 equal payments
- Payment Frequency: Every 2 weeks
- Total Loan Term: 6 weeks
- Interest: 0%
A major perk of Quadpay is no hard credit check is required! However, late or missed payments can impact your future approval chances.
You can use Quadpay at Walmart stores plus online at Walmart.com.
Using Quadpay for In-Store Purchases
To finance an in-store purchase with Quadpay:
- Download the Quadpay app and find a Walmart location
- Enter your planned purchase amount and complete registration
- You‘ll receive a one-time virtual Visa card to use at checkout
- Walmart will charge this virtual Visa card for the full amount
- Quadpay withdrawals 4 equal installments every 2 weeks
Using Quadpay Online at Walmart.com
If making an online purchase:
- Add items to your cart then select "Quadpay"
- Enter your info and agree to the installment schedule
- Use the virtual Visa provided to complete the order
- Sit back as Quadpay handles the 4 payments over 6 weeks
One limitation is Quadpay can only be used for purchases between $50 and $2500 – so keep that in mind!
Step-by-Step Guide to Using Klarna at Walmart
Next up is Klarna, which is another great interest-free BNPL option. Here‘s an overview:
- Loan Amount: $30 minimum
- Installments: 4 equal payments
- Payment Frequency: Every 2 weeks
- Total Term: 6 weeks
- Interest: 0%
Similar to Quadpay, Klarna does not require a credit check for approval.
You can use it for both in-store and online Walmart purchases.
To Use Klarna In-Store
Follow these steps when at a Walmart location:
- Download the Klarna app and find a store
- Enter your planned purchase amount
- Klarna will generate a virtual Visa card number
- Provide this one-time use Visa card at the Walmart checkout
- Klarna will withdraw 4 payments every 2 weeks from your bank
To Use Klarna for Walmart.com
If you want to buy online:
- Add desired items to your cart
- Select the "Klarna" payment option
- Provide your information and agree to the installment plan terms
- Enter the virtual Visa card number Klarna provides
- Klarna will automatically make 4 payments every 2 weeks
One cool feature is you can use Klarna at Walmart for purchases between $30 and $2500 – very flexible!
PayPal Pay in 4 Installments for Walmart.com
The last major BNPL option is PayPal Pay in 4, which has these key details:
- For online Walmart purchases only
- Loan amounts between $30 and $1500
- Pay in 4 installments
- Payments deducted from your PayPal balance
- 0% interest
Since this only works for Walmart.com orders, here‘s how to use it:
- When checking out, select PayPal as the payment method
- On the PayPal site, choose the "Pay in 4" option
- Review and accept the installment schedule
- PayPal will deduct 4 automatic payments from your account balance
- No fees or interest as long as payments are made on time
The limitation is PayPal Pay in 4 can‘t be used for in-store Walmart purchases unfortunately. But it‘s a simple way to split online orders up!
Do You Pay Interest on BNPL Purchases at Walmart?
One common question about BNPL is whether there are any interest fees. Here‘s a quick summary:
| BNPL Service | Interest Charges |
|---|---|
| Affirm | Yes, interest rates from 0% to 30% based on credit |
| Klarna | No interest, 0% rates |
| Quadpay | No interest, 0% rates |
| PayPal Pay in 4 | No interest, 0% rates |
The services like Klarna, Quadpay and PayPal don‘t charge any extra interest or fees as long as you make the payments on time.
But Affirm does charge interest since they run hard credit checks and offer longer 12 month installment plans. Just something to be aware of!
My Take on BNPL Pros and Cons for Walmart Shoppers
I think BNPL can be awesome, but there are also some potential downsides to look out for. Here‘s a quick pros vs cons comparison:
BNPL Pros:
- 0% interest options available
- Predictable, fixed payments
- Better than high-interest credit cards
- Easier to budget for large purchases
- No immediate impact on credit score
BNPL Cons:
- Late payment fees can add up
- May encourage overspending
- Limits which items can be financed
- Reduced consumer protections
- Approval limits for future purchases
The most important things are to use BNPL responsibly, make sure you can afford the installments, and avoid paying any late fees. Don‘t let the 0% interest offers tempt you into buying stuff you don‘t need!
But used wisely, BNPL can be an awesome alternative to credit cards and lines of credit when you want to spread out payments for bigger purchases.
The Bottom Line – Yes, You Have BNPL Options at Walmart!
At the end of the day, Walmart does offer shoppers popular buy now, pay later financing, even though they don‘t accept Afterpay (yet).
The four main BNPL services accepted at Walmart are:
- Affirm – 3, 6 or 12 month installment loans
- Klarna – 4 interest-free payments over 6 weeks
- Quadpay – Also 4 installments over 6 weeks
- PayPal Pay in 4 – For Walmart.com purchases only
These programs allow you to split payments for larger purchases from $144 to $2000 into more manageable amounts over time.
Hope this guide gives you all the details on how to use BNPL financing smartly at Walmart. Let me know if any other questions come up! I‘m always happy to chat more about finding ways to save money and avoid paying full price upfront.
Happy shopping!