If you‘re a regular Home Depot shopper, you‘ve probably wondered whether you can use popular "buy now, pay later" financing services like Affirm, Afterpay, Klarna or PayPal when purchasing items online or in stores.
With the cost of home furnishings, appliances and improvement projects adding up, being able to pay in installments over time is appealing. But support for these modern payment options at major retailers is hit or miss.
So does Home Depot accept buy now, pay later solutions? The short answer is yes, but with limitations. Home Depot currently only partners with Klarna and Quadpay for online orders of eligible general merchandise. PayPal Pay in 4 is also available online and in-store. However, other major BNPL providers like Affirm, Afterpay, Sezzle, and PayBright are not accepted.
Below I‘ll explain everything you need to know as a shopper about using buy now, pay later services at Home Depot. Topics include:
- How popular BNPL services like Klarna and Affirm work
- Specific programs accepted/not accepted at Home Depot
- What types of items are eligible for BNPL
- Step-by-step instructions for using Klarna, Quadpay, etc.
- Policy limitations and exclusions
- Impact on your credit and fees
- Home Depot credit cards as an alternative
Let‘s dive into the details on BNPL options at America‘s largest home improvement retailer.
Buy Now, Pay Later Services – A Quick Overview
First, what exactly are these new "buy now, pay later" financing options offered by companies like Affirm, Klarna, Afterpay or PayPal?
BNPL programs allow you to split your purchase amount into multiple installment payments over a period of weeks or months. The benefit is you can buy what you need immediately and pay gradually over time with little-to-no interest.
Some key players in the BNPL space include:
- Affirm – 3, 6 to 12 month payment plans with 0-30% APR financing.
- Afterpay – Pay in 4 installments every 2 weeks.
- Klarna – Pay in 4 interest-free installments every 2 weeks.
- PayPal Pay in 4 – Pay in 4 interest-free payments every 2 weeks.
- Quadpay – 4 installments over 6 weeks. No interest.
BNPL usage has absolutely exploded recently. In fact, spending via BNPL apps surged over 400% YoY in March 2022 to $3.4 billion.
The flexibility and affordability of pay later options are appealing to younger generations. And major retailers have taken notice by partnering with Klarna, Affirm and other services.
But which BNPL apps does Home Depot actually support today? Next I‘ll break down which options you can use.
Buy Now, Pay Later Services Accepted at Home Depot
Unfortunately, Home Depot takes a more limited stance on allowing BNPL financing compared to other major chains like Target, Walmart or Amazon.
Here are the buy now, pay later services that Home Depot currently accepts:
- Klarna – For online orders only
- Quadpay – For online orders only
- PayPal Pay in 4 – Online and in-stores
Conveniently, you can use PayPal‘s BNPL option both online and in Home Depot stores when checking out with PayPal.
However, Home Depot does NOT accept these other major providers at this time:
- Afterpay
- Affirm
- Sezzle
- PayBright
- LatitudePay
- Zip
The retailer only partners with Klarna and Quadpay for online shoppers. In-store, PayPal Pay in 4 is your only BNPL choice.
Clearly, Home Depot lags behind other chains when it comes to offering flexible pay later options through Affirm, Afterpay and other apps. But new partnerships may still happen in the future.
Next, let‘s look at what types of purchases you can or can‘t finance with BNPL services at Home Depot.
What Purchases Are Eligible for BNPL at Home Depot?
The good news is you can use Klarna, Quadpay and PayPal Pay in 4 to finance most regular merchandise purchases at Home Depot online.
Some examples of the types of products eligible for buy now, pay later include:
- Power tools – drills, sanders, saws, leaf blowers
- Kitchen appliances – microwave, air fryer, coffee maker
- Electronics – speakers, headphones, home theater
- Patio furniture – tables, seating sets, umbrellas
- Grills and outdoor cooking
- Lighting – floor lamps, ceiling fixtures
- Home decor – wall art, blankets, pillows
- Housewares – dinnerware sets, cookware
- Plants, gardening supplies, outdoor power equipment
Generally, smaller purchases under $1000 are more likely to qualify for BNPL compared to large appliances or equipment.
But what can‘t you buy with BNPL services at Home Depot?
Purchases Not Eligible for BNPL at Home Depot
While you can use BNPL on a variety of products, Home Depot does limit financing for these categories:
- Major appliances – refrigerators, dishwashers, laundry pairs
- Installation services – appliance delivery and setup, flooring installation, window treatments
- Custom services – kitchen remodels, bath remodels, home contracting
Anything highly customized like an appliance package or whole room remodel would be excluded.
Home Depot also restricts BNPL on more expensive big-ticket appliances to encourage customers to apply instead for one of their credit cards – more on that later.
Now that we‘ve covered what you can and can‘t buy with BNPL, let‘s look at how to actually use Klarna, Quadpay and other services during checkout.
Step-by-Step: How To Pay with Klarna at Home Depot Online
Here is a quick step-by-step walkthrough for using Klarna at HomeDepot.com:
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Download the Klarna app from the App Store or Google Play Store.
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Browse HomeDepot.com and add eligible items to your cart – power tools, patio sets, decor, etc.
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Proceed to checkout and select Klarna as your payment method.
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Tap "Pay with Klarna" in the app and log into your account.
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Klarna will perform a quick eligibility check.
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Once approved, finish checking out – your total will be split into 4 equal installments.
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Klarna charges your connected debit card every 2 weeks until paid off.
And that‘s it! The process is seamless online through the Klarna app. Just allow notifications so you don‘t miss payment dates.
How To Use Quadpay and PayPal Pay in 4
Using Quadpay and PayPal Pay in 4 at Home Depot works very similarly:
Quadpay
- Download Quadpay app and select Quadpay at online checkout
- Split total into 4 installments over 6 weeks
PayPal Pay in 4
- Choose PayPal at checkout online or in-store
- Pick Pay in 4 as payment option
- Log into PayPal to complete purchase
Again, super simple! PayPal Pay in 4 is great because it can be used online AND in Home Depot stores when checking out with PayPal.
One thing to note – transactions must be between $50-$2500 to use Quadpay and $10-$1500 for PayPal Pay in 4 based on their terms.
Are Credit Checks Required for BNPL? What About Late Fees?
A major plus of BNPL services is that you can often qualify without a hard credit inquiry harming your score.
For example, when using Klarna and Quadpay at Home Depot, only a soft credit check may be performed in some cases, which has minimal impact on your credit.
However, take note of each company‘s terms – if you miss payments with Klarna or Quadpay, you may be charged a late fee, usually around $7-10. This helps motivate consumers to pay on time.
Before using any BNPL service, be sure to read all fine print related to eligibility, installment amounts, fees, etc. Budget responsibly.
Should You Apply for a Home Depot Credit Card Instead?
Rather than using a third-party BNPL financing option, another route is getting a credit card directly through Home Depot. Here are two popular choices:
Home Depot Consumer Credit Card
- 0% interest for 6-24 months on purchases $299+
- Earn rewards on purchases
- No annual fee
Home Depot Project Loan Card
- Borrow up to $55,000 for home improvement projects
- Fixed monthly payments
- No annual fee
Pros of Home Depot cards include longer 0% financing periods, rewards potential, established credit line.
Cons are required credit checks, interest charged if not fully paid off, and less flexibility.
Home Depot wants you to use their own cards, hence the limited BNPL partnerships. Consider all options and your needs.
PayPal Credit – Another Financing Choice at Home Depot
Given Home Depot‘s tight PayPal integration, PayPal Credit is one more way you can essentially buy now, pay later both online and in stores.
With PayPal Credit you can finance eligible Home Depot purchases from $99 to $99,000 with 0% interest if paid in full within 6 to 24 months. Requires credit approval.
So PayPal Credit joins Klarna, Quadpay and PayPal Pay in 4 as authorized "pay later" options at Home Depot.
Final Thoughts – BNPL Still Limited at Home Depot
To summarize, while Home Depot does offer buy now, pay later financing through Klarna, Quadpay and PayPal, options are still limited compared to other major retailers.
You can only use Klarna and Quadpay for online orders – not in physical Home Depot stores. PayPal Pay in 4 has broader support online and offline.
However, Afterpay, Affirm, Sezzle and other huge BNPL apps are NOT supported at this time.
Hopefully this guide provided you with everything you need to know as a shopper about using modern pay later financing at Home Depot online and in stores.
Be sure to understand all terms and payments before using BNPL apps – while very convenient, you want to budget and use responsibly!
