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This new option allows members to split a purchase of between $50 and $500 into four interest-free payments, and can be used at merchants across the United States, both in-store and online. However, Pay in 4 cannot be used for everyday purchases in categories like groceries, restaurants, bars and gas stations; it is meant for larger purchases like flights, hotels, electronics, clothing, home improvement and other retailers.
“With Pay in 4, SoFi members will now have another way to pay for larger travel or select purchases from local small businesses to major retailers, anywhere Mastercard is accepted,” the company said in the post.
https://www.pymnts.com/buy-now-pay-later/2022/sofi-begins-rollout-of-buy-now-pay-later-product/
