Buy Now Pay Later


Your Financing Options 


    Approval / Credit Check 


    Klarna provides three (3) different plan options:

    • Installment & Pay in 30 Days: Klarna may perform a soft credit check as part of the application process. This type of check will not impact your credit score or show up as a hard inquiry on your credit report. However, if you're interested in one of their financing options, a full credit check will be performed during which Klarna will contact the credit bureaus. This will show up as an inquiry on your credit report. Monthly financing through a Klarna credit account is issued by WebBank, member FDIC. 
    • Klarna Financing: With the financing option, there is a hard credit inquiry when the customer applies that will appear on their credit report as a request for credit.
    As of August 22nd, 2022, Klarna will be introducing late fees of $7 or 25% of the monthly payment amount, whichever is lower, to our financing products. Users will only be charged late fees if  consistently late with the payment after multiple retries done with Klarna to collect outstanding amounts.


       Sezzle complete what’s known as a “soft check,” which means they take a look at your credit score as part of our risk check, but this doesn’t have an impact on your credit score. They use this information to help verify your identity, minimize fraud risk, and approve you for Sezzle!



      No credit check.  Afterpay does not approve 100% of orders. They are committed in ensuring responsible spending.

      When determining which orders to approve, they consider a number of different factors. As an example, the longer you have been a shopper using Afterpay and the more orders you have successfully repaid, the more likely you will be able to spend more.

      Things to consider:   

      1. Are there sufficient funds on your card (generally they look to see the first instalment amount available to spend).
      2. Length of time you have been using Afterpay (tighter in the first 6 weeks).
      3. Amount you have to repay, it may help to pay some off (not a guarantee).
      4. The value of the order you are trying to place, it may help to reduce the value of your shopping cart (not a guarantee).
      5. The number of orders you currently have 'open' with them  (not a guarantee).


      Katapult’s lease limits vary for each customer. When pre-approved, the customer will be able to view their available lease limit by logging into their Katapult account on They will also receive a text message and an email that includes their approval limit.  Pre-approval amounts may not be modified; however they can be utilized for more than one lease up to the total pre-approved amount.


      Shop Pay:

      To pay in installments with Shop Pay in a participating store, you need to meet the following requirements:

      • Reside in the United States.
      • Sign up for Shop Pay
      • Add your debit or credit card to your Shop Pay account.

      Paying in installments with Shop Pay doesn't impact your credit score. For Shop Pay installments, Affirm will not report to credit bureaus.

      The following limitations currently apply to paying in installments with Shop Pay:

      • You can't pay for an order in installments if the order includes currency in any form, including virtual and digital currency, like gift cards.
      • * For pre-existing accounts only: If you change your phone number or email within Shop Pay, then you also need to update your information with *Affirm before you can pay for another purchase in installments with Shop Pay.


        Installment Plans


        Three (3) different plan options:

        • Installment: Four (4) interest-free payments over 6 weeks or 25% each payment. 
        • Klarna Financing: Split your payment for up to 36 months. 
        • Pay in 30 Days: Receive your order upfront and get 30 days to pay. 


          Four (4) interest-Free payments: Spread your payments for over 6 weeks or 25% each payment. Interest free if pays on time.



          Pay in 4 installments over 6 weeks: You'll pay your first installment at the time of purchase, and the remainder every two weeks. Interest free if pays on time.

          Additional, flexible option: Afterpay’s monthly payment product is a type of installment loan that offers you more flexible ways to pay on items over $400. 

          • Pay over 6 to 12 months with an added APR charge
          • Afterpay will determine and set each customer’s APR individually.



          Katapult’s lease purchase agreements are available in lengths of 10, 12 or 18 months. For leases up to $400 a 10 month term will be offered. For lease amounts $401-$2000 a 12 month lease will be offered. An 18 month lease term will be available when the amount leased is $2,001- $3,500. Offers may vary by state regulation, amount of the purchase or other factors. 


          Shop Pay: 

          Purchases between $50 USD to $17,500 USD are eligible for Shop Pay Installments, with options to:

          Pay in 4 for purchases $50 to $999

          • Interest-free payments every 2 weeks
          • No impact to your credit score

          Pay monthly for purchases $150 to $17,500

          • 3-6 months at 0% APR
          • 6-24 months at 10-36% APR
          • No impact to your credit score to apply

          Note: Minimum purchase amounts may vary by retailer.


            Late Fees


            • Installment: $7
            • Klarna Financing: Typically $25
            • Pay in 30 Days: No Fee (This might change in the future) 


              Your first reschedule on an order is always free! However, if you need to reschedule your payments again, a $5 fee will be charged. Should your payment fail on the day it was scheduled, your account may be suspended and a $10 failed payment fee will be applied on that installment. However, if you resolve the payment within 48 hours of it failing, they'll automatically waive your fee! Otherwise, the fee will be charged alongside the installment on the new due date. Once the payment and fee are resolved, you will again be able to use your account to make new purchases. They charge us an initial payment processing fee of 6% + 30¢ per transaction, and for every processed refunds, Sezzle shall retain their original payment processing fee without any additional charges.



              Late fee will be charged when an installment for an order is not paid after the applicable grace period (usually 10 days unless otherwise noted on your payment schedule). It will only ever charge one late fee per installment and the total amount of late fees charged on an order will never exceed 25% of your initial order value. While Afterpay charges us a flat fee of $0.30 plus a variable 4-6% commission rate per transaction, these initial fees associated will be non-refundable during the time of a refund.



              No, Katapult does not charge late fees to customers, ever! They do charge an initial transaction fee of 3% per order which will be non-refundable in the case of a returned item or cancellation.


                Shop Pay: 

                For purchases split into 4 bi-weekly payments, there are no additional charges or interest rates applied. Purchases split into monthly payments may be subject to interest.

                You can pay your balance off early without penalty.

                There are no late fees. However, partial or late payments may affect your ability to use Shop Pay Installments in the future. Another thing to consider is that Shop Pay charges a transaction fee of 2.6% + 30¢ USD for every successful purchase. While they do not charge refund fees, the credit card fees and transaction fees will not be returned once a refund is processed.



                Buy Now, Pay Later option with PayPal Financing makes shopping at Destination Gold Detectors even easier! They do charge us a fixed rate of 2.9% + $0.30 USD per transaction which is non-refundable, and while there are no refund fees associated, we will not be able to return the initial transaction fee at the time of a refund.


                For more information on Sezzle, check out the Pay Later with Sezzle blog

                For more information on Klarna, check out the Pay Later with Klarna blog

                For more information on Afterpay, check out the Pay Later with Afterpay blog

                For more information on Katapult, check out the Pay Later with Katapult blog

                For more information on Shop Pay, check out the Pay Later with Shop Pay blog

                For more information on PayPal Pay Later, check out the PayPal Pay Later blog

                Leave a comment

                Please note, comments need to be approved before they are published.