OnePay Later after you shop

What is OnePay Later after you shop?#

OnePay Later after you shop lets customers who bank through OnePay split a recent qualifying purchase into payments. If the transaction qualifies, it can be converted into a OnePay Later loan directly in the app after the transaction has been processed.

OnePay has partnered with Klarna, a global leader of buy now, pay later services, to offer OnePay Later after you shop.

If a transaction qualifies, you’ll receive a notification in the OnePay app, and you may see an indicator next to the transaction that it is Pay Later eligible.

How do I convert a purchase into a payment plan with OnePay Later after you shop?#

If your OnePay deposit account purchase is eligible, you can convert it into a Pay Later loan directly in the OnePay app after the transaction has settled.

To get started:

• Open the OnePay app

• Go to your transaction history

• Select a transaction labeled Swipe for $[x] back

• Review your payment plan and follow the on-screen prompts

If approved, the transaction is converted into a Pay Later loan, and a credit is applied to your OnePay deposit account for the purchase amount.

Who is eligible for OnePay Later after you shop?#

Eligibility is determined by Klarna and may depend on several factors, including a soft credit check and the information provided during your application.

To apply, you must:

• Be a U.S. resident with a valid U.S. address

• Be at least 18 years old with a valid Social Security number (SSN)

• Bank through OnePay

• Be able to receive verification codes via text message

Meeting these requirements may allow you to apply, but eligibility and approval can vary.

What are the interest rates on OnePay Later after you shop?#

Annual percentage rates (APR) for monthly financing range from 9.99% to 35.99%. Your APR will be shown when you select a payment plan. You’ll see the total interest amount before accepting the offer. If you pay off your loan early, you may reduce the total interest you pay.

Are there fees for using OnePay Later after you shop?#

There are no fees when you pay on time. If a payment is late, a late fee of up to $7 will apply.

Why do I still see the original OnePay deposit transaction?#

You’ll still see the original transaction because your original purchase with the merchant still applies.

After you complete the application and accept the terms:

• The original OnePay deposit account transaction remains in your history

• A credit is added to your OnePay deposit account for the purchase amount

• A Pay Later loan appears in your account, managed by Klarna

You’ll repay the loan over time based on your selected terms.