Afterpay offers all the benefits of lay-by, only in reverse.
Say, for instance, you have your eye on a set of new makeup brushes. With Afterpay, you can get your hands on it straight away and use them to your heart’s desire while you pay it off in four equal, interest-free fortnightly transactions.
In order to use the system, you need to live in Australia, be over 18 years old, own a debit or credit card. It's a free service for customers.
For your first purchase with AfterPay, you'll be required to pay the first instalment upfront, then pay the other three in fortnightly transactions after that — in other words, the purchase will be complete within six weeks of successfully checking out.
After your first successful Afterpay purchase, however, you'll be able to make your initial payment 14 days after the date of 'purchase', meaning the transaction can be completed within eight weeks.
You'll always be notified via a text message from AfterPay when a payment is due. A late fee of $10 applies if a scheduled repayment is missed, or there's not enough money in the nominated account, although if this happens you'll be notified by the service and given an opportunity to make the payment via another method.
There's no minimum spend when purchasing with AfterPay, but there is a maximum spend of $1000.
Here's how to pay via AfterPay:
Select the "Pay Securely Now" option when at the Shopping Bag stage of checkout:
At stage 4, Payment Information, tick the "AfterPay" box:
Then proceed to checkout, and hit the Place Order button. You'll be redirected to the AfterPay website automatically, where you can follow their super easy prompts to register.
If your AfterPay payment is declined at checkout, it can be for a few reasons - here are some of the most common reasons why an AfterPay payment plan is being declined:
If you're having any difficulty checking out via AfterPay, you can contact our Customer Service team on (03) 9344 1671, you can also SMS us on +61 436 436 276 or via email at email@example.com. Alternatively, you can contact AfterPay here.