Pay Over Time

With Square Installments

Frequently Asked Questions

Absolutely. We do not charge any fees for early payments. You can make a partial or full prepayment at any time, at no additional cost.

When you apply for Square Installments, we perform a soft credit check to verify your identity and determine if you are eligible. This soft credit check will not affect your credit score. If you are approved and choose to pay with Square Installments, then your Experian credit report will include an inquiry from Square Capital, which could affect your credit score.

You will never be charged a fee for a late payment. However, we do calculate interest based on your principal balance (how much of the original loan is left to pay off). So, if your payment is late and there is past due principal, interest will be charged against that larger amount.

Your interest rate will never change throughout the loan. And, unlike a credit card, we will never charge compound interest (i.e. interest charged on interest). Interest is only charged on the amount that you originally financed.