Flipkart Pay Later is a buy now, pay later (BNPL) service offered by Flipkart, one of India's largest e-commerce platforms. It allows eligible customers to make purchases on Flipkart and defer the payment to a later date. Here's how it typically works:
Eligibility: Not all customers may be eligible for Flipkart Pay Later. The eligibility criteria may include factors like creditworthiness and transaction history.
Activation: If you are eligible for Flipkart Pay Later, you can activate the service in your Flipkart account.
Making Purchases: Once activated, you can use Flipkart Pay Later as a payment option during checkout. When you choose Pay Later, the purchase amount is added to your Pay Later balance.
Billing Cycle: Flipkart Pay Later usually operates on a billing cycle, which could be monthly or some other defined period. During the billing cycle, you can accumulate multiple purchases on your Pay Later balance.
Payment Due Date: At the end of the billing cycle, you will receive a statement detailing all the purchases made using Pay Later and the total outstanding amount. A specific due date for payment will be provided in the statement.
Payment Options: You can pay the outstanding amount in various ways, such as through the Flipkart app, website, or other accepted payment methods. You might have the option to pay the entire outstanding balance or choose to pay in installments.
Interest and Fees: Depending on the terms and conditions, there might be interest charges or fees associated with using Flipkart Pay Later. Be sure to check the terms to understand any additional costs.
It's essential to use any buy now, pay later service responsibly and within your budget to avoid accumulating debt or facing financial difficulties.
Keep in mind that the features and specifics of Flipkart Pay Later might have evolved or changed since my last update, so I recommend checking the official Flipkart website or contacting their customer support for the most up-to-date information on their Pay Later service.