Last summer, Amazon partnered with pay-after service Affirm. This would give customers the option to buy something now and pay in installments. The service has been in the testing phase for six months and is now rolling out. It’s now possible to buy the all-new Kindle Paperwhite, Kindle Oasis, or entry-level Kindle and purchase a small monthly subscription. In order to pay the monthly fee, there is a checkbox above the “one-time payment” option, above “add to cart”. If you somehow miss this, the option can be activated when the product is in your cart and if you view the cart.
Would you be more likely to buy a Kindle if you could pay monthly? The Kindle Paperwhite retails for $139.99 and that amounts to 5 monthly payments of $28.00. If you’re a Kindle Unlimited subscriber, you get an additional 25% off the monthly fee. So the savings can be significant. When you checkout and pay, you are only charged the first monthly fee and every 30 days Amazon automatically re-bills the credit card they have on file and sends you an email, letting you know they have billed and what is the remaining balance.
The monthly installment plan for Kindles is only available in a few countries, such as Canada and the United States. Extra savings on Kindle Unlimited only appear to be available in the US. I heard that later this year it is due to launch in Australia and the UK.
Michael Kozlowski has been writing about audiobooks and e-readers for twelve years. His articles have been picked up by major and local news sources and websites such as CBC, CNET, Engadget, Huffington Post and The New York Times. He lives in Vancouver, British Columbia, Canada.