What Are the Benefits of Amazon Pay Later?

What are the Benefits of Amazon Pay Later – An option Amazon Pay Later is the easy way to get prompt credit, for EMI purchases on Amazon.in. It is entirely a digital process. All you need is to complete a one-time setup process of less than two minutes. It doesn’t require you to provide credit card details.

As soon as you complete the setup, you can use the Amazon Pay Later payment option. At the time of payment Amazon. in and Pay Later next month or in EMIs ranging from 3 to 12 months, you can use this option. You can easily track your purchases, refunds, and limit history from a simplified dashboard for this payment method. Amazon Pay Later is brought to you by Amazon Finance India Private Limited (“Amazon”) with one of our third-party lending partners: axio or IDFC FIRST Bank.

How Does Amazon Pay Later Work?

The post-payment service offered by Amazon is the renamed form of Amazon Pay EMI, which can be used within the Amazon ecosystem. Provides instant credit, through an entirely digital process, for EMI purchases on Amazon. In. After signing in, go to Amazon Pay and sign up for the service to use it.

You should see an option to start Amazon Pay Later enrollment on this webpage. The e-KYC (Know Your Customer) process is speedy and easy for those who have already finished the KYC process for their Amazon Pay accounts. Still, others can benefit by simply uploading digital copies of their documents and checking their PAN information, Aadhaar, and phone number.

Amazon Pay Later is only available to a few people who have reached the age of 23 and have a reliable credit history. Amazon is taking steps to make it available to everyone shortly.

Benefits of Amazon Pay Later

Amazon Pay Later offers several benefits to consumers. Unlike other personal loans, it is a quick and efficient process that does not require you to submit many documents or fill out unnecessary forms and papers. It gives you an instant decision on whether or not to approve the credit.

Amazon Pay Later is especially helpful to anyone without a credit card or existing credit history, as it is not required for this BNPL option. It suits young professionals, people working in the informal sector, and anyone without access to formal funding.

Amazon Pay Later does not charge processing, cancellation, or pre-closing fees. Therefore, you only pay for your product.

Eligibility Criteria To Avail Amazon Pay Later?

• You must have a verified mobile number and an Amazon account.
• A valid permanent account number (PAN) card is required.
• Must have a bank account with one of the selected banks
• Driving license, voter ID card, Aadhaar, electricity bills not older than 60 days, and a passport are considered as the address proof.
• 23 years or more is the age limit.
• Your credit bureau history and information already on file with Amazon are used to determine your eligibility.

Is Amazon Pay Later Worth Opening?

Amazon Pay Later lets you buy now and pay later, giving you short-term credit without a credit card — which can be useful if you shop frequently on Amazon.in. It’s generally worth it if you:

• Want flexibility to pay next month interest-free
• Prefer spreading payments over EMIs (3–12 months)
• Don’t have a credit card
• Can reliably pay on time to avoid fees

The benefits include a quick digital sign-up and credit line for purchases and some bill payments. However:

• You must use it responsibly — late or missed payments can incur fees and potentially affect your credit record.

When it might not be worth it:
If you rarely shop on Amazon
If you struggle with repayment discipline
If the service isn’t available for certain items or pin codes — which some users report.

Bottom line: Good tool for short-term interest-free credit if used responsibly.

Types of Amazon Payment Plans

Amazon Pay Later offers two main repayment options:

a) Pay Next Month (No Interest)

• You use credit now and pay the entire balance the next month.

• If repaid by due date, no interest is charged.

b) EMI Option (3 – 12 Months)

• Convert purchases into EMI plans (3, 6, 9, or 12 months).

• Interest may apply on these EMIs depending on the plan selected.

• EMI plans and interest details are shown at checkout.

👉 There’s no down payment required, and no processing or transaction fees on the basic Pay-Later plan itself.

What Happens If I Don’t Repay Amazon Pay Later?

If you do not repay your Amazon Pay Later dues on time, several consequences can occur:

1. Late Payment Charges

• Amazon may charge late fees or penalties if you miss the due date.

• The amount depends on the outstanding balance and delay period.

2. Interest on Outstanding Amount

• If you selected a Pay Later EMI plan, interest may continue to accumulate.

• Your total payable amount increases over time.

3. Impact on Credit Score (Very Important)

• Amazon Pay Later is linked to your credit profile (via partner NBFCs/banks).

• Missing payments can reduce your CIBIL / credit score.

• A low credit score can affect:

  • Future loans

  • Credit cards

  • EMIs

4. Account Restrictions

• Amazon may:

  • Suspend or block Pay Later service

  • Reduce your Pay Later limit

• You may not be able to use Pay Later again until dues are cleared.

5. Recovery Calls & Notifications

• You may receive:

  • Reminder messages

  • Emails

  • Calls from the lending partner

• In extreme cases, legal recovery steps may be initiated.

Conclusion:
Always repay Amazon Pay Later on time to avoid financial stress and credit problems.

Can We Withdraw Money from Amazon Pay Later?

Direct Withdrawal: NOT Allowed

• You cannot withdraw cash from Amazon Pay Later into your bank account.

• It is not a personal loan or cash loan.

What You CAN Do

Amazon Pay Later can be used for:

• Shopping on Amazon (products & services)

• Paying:

  • Mobile recharges

  • Electricity bills

  • DTH

  • Gas bills

  • Amazon services (Prime, etc.)

Important Note

• It works like a digital credit line.

• Money is credited only for payments, not cash withdrawal.

Summary:
Amazon Pay Later is for spending, not cash withdrawal.

Amazon Pay Later Model: How to Use It to Your Advantage

Amazon Pay Later is a Buy Now, Pay Later (BNPL) service that allows users to shop first and pay later.

How Amazon Pay Later Works

1. Eligibility Check

   • KYC verification (Aadhaar/PAN)

   • Credit assessment

   • Partner NBFC approval

2. Credit Limit

   • Users get a limit (e.g., ₹5,000 – ₹60,000)

   • Based on credit profile

3. Payment Options

   • Pay next month

   • Convert purchases into EMIs

   • Zero-interest options on selected products

Advantages of Amazon Pay Later

Buy now, pay later convenience

• No need for credit cards
• Easy approval process
• Useful during emergencies
• Helps build credit score (if paid on time)
• Zero-cost EMI offers available

Limitations / Disadvantages

• Late payment penalties
• Can impact credit score if misused
• Not available for cash withdrawal
• Limited usage outside Amazon

How to Use Amazon Pay Later Smartly

• Use it only when necessary
• Track due dates carefully
• Pay bills before the deadline
• Avoid spending full credit limit
• Convert big purchases into EMI wisely

Amazon Pay Later Charges

Here’s a breakdown of the typical charges:

📊 Fee/Charge Type

📝 Important: Some users report your bank may charge mandate/auto-debit setup or failed ECS charges if auto-repay is used.

Amazon Pay Later Customer Care Numbers (India)

Here are the official support contacts you can use if you face issues:

📞 Amazon Pay Later / Lending Partner Support

📍 General Grievance/Redressal Officer

• ☎️ 1800-1200-1571

• 📧 amazonpay-grievance-officer@amazonpay.in.

📍 Lending Partners

• Axio: ☎️ 080-68075001 • 📧 ask@axio.co.in

• IDFC FIRST Bank: ☎️ 1800-10-888 • 📧 banker@idfcfirstbank.com.

👉 These can help with disputes, repayment issues, or account queries related to Amazon Pay Later.

How To Register For Amazon Pay Later?

Open the Amazon app and go to the Amazon Pay Later registration page. Complete KYC based on four KYC options

Option 1- Existing KYC

Step 1: Verify Identity

Enter the missing four digits of the PAN Card. After submitting your information, your profile will be evaluated, and an Amazon Pay Later limit will be determined, shown on the screen.

Step 2: Accept Terms

Amazon pay later limit, and loan agreement is displayed on the screen. Now, Read and accept the deal to complete Amazon Pay Later registration.

Option-2 OTP-based eKYC

Step 1: Verify Identity

Enter your PAN and Aadhaar number and Continue. An OTP will get on your phone number registered to your Aadhaar number. Enter OTP and continue. After submission, the profile will be evaluated, and the Amazon Pay Later limit will be determined and displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit, and loan agreement is displayed on the screen. Now, Read and accept the deal to complete Amazon Pay Later registration.

Option-3 Existing KYC with a lending partner

Step 1: Verify Identity

OTP will be sent to the recorded phone number with the Lending Partner. Enter the missing four digits of the PAN Card you use to complete the lender’s KYC. After submission of OTP, the lender will evaluate your profile and determine your Amazon Pay Later limit, which will be shown on the screen.

Step 2: Accept Terms

Amazon pay later limit, and loan agreement is displayed on the screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.

Option 4, CKYC

Step 1: Verify Identity

Answer a few questions about basic KYC information and consent to the KYC details displayed from CKYCR. After submission, the lender will evaluate your profile and determine your Amazon Pay Later limit, which will be displayed on the screen.

Step 2: Accept Terms

Amazon pay later limit, and loan agreement is displayed on the screen. Now, Read and accept the agreement to complete Amazon Pay Later registration.

Conclusion

Amazon Pay Later is a trusted payment service; even adding your KYC only takes a few simple steps. However, you should check how many sites they accept before signing up if you are not an Amazon user.