BUYING AN E-BIKES FROM UPWAY
Financing Options - How to buy an e-bike without breaking the bank
Upway offers financing options through Affirm, Klarna & Shop Pay Installments. The payment terms provided are determined by factors such as the bike’s price, your selected schedule, and your credit score. Upway has no influence on what is offered. These options can be found at the final step of checkout, after you've filled in the shipping information. Affirm, Klarna & Shop Pay installments are all available under the credit card payment fields.
Financing is not available when you choose Express Checkout (e.g. with Apple Pay) in the beginning of the checkout process.
If you're interested in splitting your purchase across different payment methods (e.g. pay a deposit with a credit card & finance the rest with Affirm), please reach out to us through the chat on our website or send an e-mail to helpdesk@upway.shop
Financing Options
Affirm offers both Pay-in-4 & Monthly Payments options with financing up to 24 months.
For the financing products, Affirm's APR ranges from 0% to 36% and they don't charge any fees. That means no late fees, no prepayment fees, no annual fees, and no fees to open or close your account.
Depending on the size of your purchase and where you’re shopping, your payment plan may include interest. You’ll never owe more interest than you agree to on day one—so you always know exactly what you’re getting into.
Klarna offers Pay in 4, Pay Now, Pay in 30 days or Financing plans that range from 6 to 24 months
Klarna's interest rates for the financing product range from 7.99% to 33.99% APR and outside of this, there are no hidden fees.
They use two kinds of credit checks—hard and soft. Soft credit checks, the kind Klarna runs for Pay in 4, have no impact on your score. If you’re interested in Klarna's financing options, a hard credit check might be required. This will be reported to the credit bureaus and will show up as an inquiry on your credit report. Monthly financing through a Klarna credit account is issued by WebBank, member FDIC.
Shop Pay offers you the option to pay in full at checkout, or to split your purchase into regular payments with Shop Pay Installments.
Shop Pay's installment options vary and can be used on orders over $50 USD, including discounts, shipping, and taxes.
Your credit scores aren't impacted if your purchase is split into 4 bi-weekly payments using Shop Pay Installments. If your purchase is split into monthly payments, then your payments may be reported, but there's no credit score impact for applying for installments.
Still have questions? We’re here to help!
Our team of US-based experts is available 7 days a week to help you get the best price for your electric bike.