Is Amazon Pay Later Safe: Check These Details Before Using it
We are all familiar with Amazon, the world’s largest e-commerce site. Amazon is popular because it offers items in almost every category and additional services for extra benefit. Amazon Pay Later is a new feature introduced by the company where it offers a credit facility to its consumers to ease their purchasing experience and improve customer loyalty. If you doubt if is it safe to use Amazon Pay, you should stick to this article till the end. Here we will help you understand every aspect of Amazon Pay Later and find out “Is Amazon Pay Later Safe?”
What is Amazon Pay Later?
Amazon Pay Later facility is a rebranded version of “Amazon Pay EMI”. It is an easy method to get quick credit for buying things on Amazon. This is a totally digital process where you can pay in installments. You have to activate a one-time activation procedure that takes only two minutes. You do not even need credit card information to activate this service.
After the service is activated, you get an option to choose to use it to pay later next month or over EMIs spanning from 3 to 12 months (at zero interest rate) at the time of checkout on Amazon. Amazon Pay Later has a simplified dashboard that displays the status of your orders, installments, and past limits.
Eligibility Criteria to Avail of Amazon Pay Later Service:
Below is the list of criteria you must meet to avail the Amazon Pay Later service:
1. Amazon account and Registered Phone Number
You need to have an Amazon account with a registered mobile number. For the users who have not provided their mobile number, they must verify their contact information prior to requesting this service.
Users have to submit a Tax ID, a bank account with one of the specified financial institutions, and any one of the legally recognized documents. You can submit a Voter ID Card, and Aadhar Card, or a passport.
To avail of the Pay Later service, you must be at least 23 years old.
4. Other conditions
Further eligibility is decided using the data already present with Amazon as well as your previous credit records (if any). The lending partner will set the Amazon Pay Later limit for the users depending on these factors and a variety of several other grounds.
Is Amazon Pay Later Safe?
As one of the most reputed e-commerce sites, Amazon prioritizes the protection of its consumers above all. To safeguard and protect the confidential data and information of the customers, Amazon sticks to internationally recognized and approved data security measures. In India, Amazon’s lending partner is Capital Float, a prominent Buy Now Pay Later, and credit platform. This company adheres to RBI-mandated data security protocols. However, if you notice any suspicious orders on your Amazon Pay Later account, contact Amazon customer support for assistance.
As a result, you can confidently be assured that Amazon Pay Later is SAFE!
We hope now you know if is it safe to use the Amazon Pay Later service. For more such information, keep reading different articles on our website.
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Is Amazon Pay Later Safe FAQs
Yes, Amazon Pay Later is safe to use.
To safeguard and protect the confidential data and information of the customers, Amazon sticks to internationally recognized and approved data security measures.
In India, Amazon’s lending partner is Capital Float, a prominent Buy Now Pay Later, and credit platform.
If you notice any suspicious orders on your Amazon Pay Later account, contact Amazon customer support for assistance.
You do not need to provide your credit card information to activate this service.