Over the last few years, Buy Now, Pay Later purchase options have become increasingly popular. So, what are they, and how do they work?
Buy Now, Pay Later (BNPL) is a payment plan that allows you to shop for goods online or in-store at participating stores and pay for them over time, often interest-free.
Home Depot offers Buy Now, Pay Later payment options. However, before choosing the app to use, you’ll need to check each platform’s terms to ensure that you are qualified. If approved, you can proceed to make purchases at Home Depot and pay for them later.
To use this payment plan, you’ll need to select the service at checkout. Once your request is approved (often within seconds), most stores require you to pay a down payment – a percentage of your item’s purchase price.
To learn which Afterpay payment options are available at Home Depot, how to use them, and the items you can buy using these payment plans, continue reading.
What BNPL Apps Work with Home Depot?
Home Depot provides Buy Now, Pay Later services through various platforms. You can use either of the following apps to access the service at Home Depot.
- PayPal Pay in 4
However, despite the availability of many options of Buy Now, Pay Later services, Home Depot does not work with all of them. Here are some of the apps you cannot use at Home Depot.
How Does Home Depot’s BNPL Plan Work?
Home Depot’s Buy Now, Pay Later plan allows you to pay for your purchase over time. It is a great option to make a special purchase when you don’t have enough money immediately.
Using Home Depot’s Buy Now, Pay Later services is simple. All you need to do is to shop for your items and proceed to checkout. At the checkout counter, go to your payment options and select one of the Buy Now, Pay Later services offered at Home Depot.
If your request is approved, Home Depot will process your payment after paying the required percentage of the total amount as a deposit.
What if you are not eligible to use any of the Buy Now, Pay Later apps at Home Depot? Can you use your Home Depot credit card?
If you have a Home Depot credit card, you can use it to make purchases at Home Depot and pay for them later. The credit card will let you make purchases and pay for up to 24 months. You can also get a grace period of six months if your purchase is $299 or more.
Even though Buy Now, Pay Later services offered by Home Depot give you the convenience of shopping for costly items, you may be worried by their terms and conditions. For example, you may be curious whether Klarna and Quadpay will do credit checks before approval.
According to Klarna, the app does not always perform credit checks. However, they may perform one to verify your details and check your creditworthiness. Klarna will perform a soft credit check when you use the app to pay for your purchases in 4 installments or within 30 days.
Likewise, Quadpay does not perform a hard credit check on you. However, if they decide to carry out one, your credit rating is not affected by the results of your credit worthiness.
What Items Can You Buy At Home Depot With BNPL?
You can use the Buy Now, Pay Later service on various home improvement products. Items eligible for the Home Depot Buy Now Pay Later service include:
- Small kitchen appliances such as coffeemakers and microwaves
- Home Improvement Items
- Selected electronics such as small speakers and headphones
- Electrical equipment and fixtures, including lamps and lampshades
However, there are items that you cannot buy using Home Depot’s Buy Now, Pay Later services. This is because such things usually attract additional costs in installation charges. Some of the items you cannot buy this way include:
- Outdoors goods
- Curtains and blinds
- Flooring items
- Major appliances
How To Use BNPL At Home Depot?
The payment methods available through Buy Now Pay Later at Home Depot include PayPal Pay in 4, Klarna, and Quadpay. Although each offers different features, they all provide the same idea: To make paying for your purchases as easy as possible.
Here is how to use each method:
To use Quadpay (currently Zip Pay), you must first download the app. The app is available on Google Play and the Apple store, depending on your phone.
Once you have downloaded the app, search for Home Depot to start shopping. Add items to your cart and proceed to checkout when done.
On the payment options, select Pay with Quadpay. If your request is approved, the app will split your amount due into four installments payable over six weeks. Note that your transaction amount should be at least $35 to use the app.
Just like Quadpay, you need to download the Klarna app when shopping online at Home Depot. The app is on Google Play and the Apple store for Android and Apple smartphones.
After downloading the app, log in to start shopping. When done, proceed to checkout and choose Pay with K to pay for your items. If the request is approved, you’ll pay the amount due in 4 interest-free installments every two weeks. Your transaction amount should be at least $10 to use Klarna at Home Depot.
PayPal Pay In 4
Home Depot accepts PayPal as one of its payment options when shopping online or in-store at Home Depot. To use PayPal Pay in 4, you must have a valid PayPal account and the PayPal app installed on your phone.
After shopping for your products, select PayPal at checkout. Then choose the Pay later option to pay for your purchases in four equal installments. Note that your PayPal account needs to be linked to your bank account to use it.
Does Home Depot accept Afterpay payments?
No. Home Depot does not accept Afterpay as a payment option. In addition, Home Depot does not accept Affirm or Sezzle as Buy Now, Pay Later payment options.
Can you use PayPal Credit to Buy Now, Pay Later?
Yes. You can use PayPal credit to Buy Now, Pay Later for purchases of $98.99 or less. You can avoid paying interest if you clear your monthly balance on time.
Are Klarna and Afterpay the same?
No. Both payment options are different. While both are excellent payment options, Klarna is more expensive than Afterpay.
Does everyone get approved for Afterpay?
No. To get approved for Afterpay, you must be 18 years old and have an eligible debit card or credit card. You should also have sufficient funds in your account – at least enough to pay the required deposit.
You can use either Quadpay, Klarna, or PayPal Pay in 4 services as Buy Now, Pay Later payment options at Home Depot. To use any of these apps, ensure that you meet their terms and conditions for purchase limits and credit checks where applicable.
Some items you can buy using Home Depot Buy Now, Pay Later services include furniture, small kitchen appliances, electronics, and electric fixtures. You can also use PayPal credit as a Buy Now Pay Later option at Home Depot.