As part of a new deal, Instalments by Barclays has been made available to Amazon customers in the UK.
The collaboration strengthens flexibility of the payment journey for Amazon consumers, helping them finance purchases of £100 or more on the ecommerce site.
Rob Levy, Head of Instalment Lending at Amazon UK, commented: “Every day we strive to innovate on behalf of our UK customers. Instalments is one way we will offer customers flexible options, enabling them to choose to pay now or split the cost of larger purchases into budget-friendly monthly instalments.
“This is a simple and transparent service from Barclays that automates monthly payments, providing greater comfort for customers making bigger purchases.”
The reusable credit account can be utilised on a wide portfolio of products, offering numerous journeys and potential payment plans.
If approved, customers will find their reusable credit account added to their wallet and available at checkout while shopping on Amazon, allowing them to make repeat purchases without needing to reapply, as long as they remain within their overall credit limit and monthly payment limit.
Ruchir Rodrigues, Head of Barclays Cubed & Consumer Bank Europe, added: “This is another major step in our ambition to reinvent payments at the point-of-sale and delight customers. Amazon offers a world-class shopping experience, and this new service gives users a fully reusable payment-by-instalments option, which they can use to spread the cost of purchases over a longer period.”