Important disclosure
Pros and cons
For Afterpay
Benefits
- Signed up to BNPL code of practice
Drawbacks
- Late payment fees
- Available for limited purposes
Afterpay Rate Buy now pay later overview
For Afterpay
Product
Instalments 4 | Instalment frequency Fortnightly |
Maximum number of instalments Pay in 4 interest-free instalments over 6 weeks | Credit limit $2k |
Credit check performed | Minimum interest rate |
Maximum interest rate | Reward program |
Fees
Minimum establishment fees | Maximum establishment fees |
Minimum late payment fees $10 Total late fees are capped at 25% of the order price or $68 per order, whichever is less. | Maximum late payment fees $68 |
Minimum ongoing payment fees Afterpay charges a fee to merchants for each transaction. They do not charge you an ongoing fee directly. | Maximum ongoing payment fees |
Support
Mobile app available | Apple Pay |
Google Pay | Samsung Pay |
Card available |