Amazon, Barclays partner to provide UK customers with instalment payments

Amazon customers in the United Kingdom can now make instalment payments through a reusable credit account from Barclays, which would allow them spread out purchases on a monthly basis.
Instalments by Barclays allows customers to finance purchases of £100 above on Amazon. The reusable credit account can be used on millions of products, including those from thousands of small and medium businesses selling on Amazon.
“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,” Rob Levy, Head of Instalment Lending, Amazon UK, said.
Those making use of the feature for the first time can select their choice of instalment plan from available term options at Amazon checkout, complete an online application, and receive a response from Barclays informing the customer if the transaction had been approved, and setting out their spending limits.
The reusable feature can be managed directly through the Barclays App, even if the customer doesn’t bank with Barclays.
To use the feature, customers need to reach certain eligibility requirements to apply for an instalment account, such as proving that they are aged 18 years and above and have been a UK resident for at least three years.
Amazon and Barclays first launched the product in Germany last year but the current partnership is the super retailer’s first attempt at penetrating the British “buy now, pay later” (BNPL) market.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
School Abduction: Oyo Assembly backs Gov Makinde’s call for international investigation
The lawmaker cautioned the public and the Nigerian Senate against misinterpreting the purpose of the state governor’s call for an international investigation.

Politics
Tuggar group rejects Bauchi APC governorship candidate Mohammed Abubakar
He dismissed Mr Abubakar’s declaration as a governorship candidate, alleging that there were no governorship primaries in the state.

Hot news Home top
Oyarzabal, Porro score as Spain beat France to reach World Cup final
Spain will face the winner of the second semi-final match between England and Argentina on Sunday.

Economy
PenCom cuts pension approvals to 48 hours, recovers N36 billion arrears
She said the 48-hour approval timeline had become a mandatory service standard binding on all PFAs.

Heading 5
Freed Oyo pupils, teachers reunite with families
The pupils and teachers reunited with their families on Tuesday.

NationWide
DHQ engages military veterans on welfare, national service
He said the welfare of retired personnel remained one of the top priorities of the DHQ under the current leadership.





