Amazon Pay Later is the hassle-free way to get instant credit, via a completely digital process, for purchases using EMI on Amazon. You have to complete the one-time setup process, which should not take more than 2 minutes and does not require you to provide credit card details. Once the setup is complete, you can avail Amazon Pay Later payment option during checkout on Amazon.in, and pay later next month or over EMIs ranging from 3 to 12 months. You can easily track your purchases, repayments, and limits history from a simplified dashboard for this payment mode. Amazon Pay Later is offered to you by Amazon Pay and a third-party lending partner, Capital Float.
How can you register for Amazon Pay Later?
1. Go to Amazon Pay Later registration page on your Amazon.in mobile App and follow simple on-screen instructions. >> ENTER HERE
2. Chose your preferred KYC mode..
You will be shown 2 modes of KYC completion:
Existing KYC (shown only in case you have completed KYC for Amazon Pay Balance).
OTP Based eKYC If you opt for Option 1, i.e. Existing KYC, you will need to follow the below steps:
Step 1: Verify Identity
Enter missing 4 digits of the PAN Card you used for completing the KYC for Amazon Pay Balance.
Post submission of details, your profile will be evaluated, and Amazon Pay Later limit will be determined which will be displayed to you on the next screen.
Step 2: Accept Terms
Your approved Amazon Pay Later limit will be displayed on this screen along with the loan agreement. Please read and accept the agreement to complete Amazon Pay Later registration. This sanctioned limit will become active within few minutes of completing the registration.
If you opt for Option 2, i.e. OTP based, you’ll need to follow the below steps:
Verify Identity and Enter your complete PAN card number and click Continue.
Enter your complete Aadhaar number and click Continue.
You will receive an OTP on your mobile number registered to your Aadhaar number. Enter the OTP and click continue. Post submission of details, your profile will be evaluated, and Amazon Pay Later limit will be determined which will be displayed to you on the next screen.
Accept Terms Your approved Amazon Pay Later limit will be displayed on this screen along with the loan agreement. Please read and accept the agreement to complete Amazon Pay Later registration. This sanctioned limit will become active within few minutes of completing the registration.
Is PAN Card mandatory? PAN number is mandatory for completing Know Your Customer (KYC) checks. If you don’t have a PAN, you will not be able to complete the registration and hence not be able to avail Amazon Pay Later.
Why was my Amazon Pay Later registration declined / rejected?
Following are the probable reasons for decline / rejection for the Amazon Pay Later registration:
You did not accept the final loan agreement post generation of limit under Amazon Pay Later.
You are currently not eligible to avail Amazon Pay Later as per the relevant and applicable terms and conditions and/or internal policies of our lending partner.
Your KYC document verification failed You can retry registration process from Amazon Pay Dashboard, on your Amazon.in mobile app/mobile browser
What is Capital Float and why am I providing my details to them?
CapFloat Financial Services Private Limited (“Capital Float”) is a Non-Banking Financial Corporation (NBFC) registered with the Reserve Bank of India, with whom Amazon has partnered with to provide Amazon Pay Later service/ facility to its customers. Capital Float is listed in RBI’s list of scheduled NBFCs and is permitted to lend money to retail customers, small and medium businesses. Capital Float operates in accordance with the legal framework and regulations prescribed by the RBI. Capital Float is extending credit limit to you under Amazon Pay Later, and hence you are required to share details with Capital Float.
Is information I share to avail Amazon Pay Later secure?
Amazon follows globally recognized and certified data security standards to ensure safety of your data and information. Capital Float is also following stringent data security standards mandated under the Indian law. Please note that Amazon Pay Later registration is only an app-based process and no person from Capital Float or Amazon will call to collect your personal details for this product, please don’t share your details.
Where can I check my approved limit under Amazon Pay Later post successful registration?Do I have to provide PAN details every time I make an Amazon Pay Later transaction?Registration is a one-time process. You do not have to share your identity related details such as PAN, every time you make a transaction using Amazon Pay Later.