How AfterPay Works
How does AfterPay work?
When you use Afterpay, you pay for your purchases in 4 instalments over 6 weeks, without incurring any interest.
You pay for the first instalment of approx. 25% at the time of purchase, and the remaining three instalments will be automatically deducted from your nominated debit or credit card over the following six weeks.
Are there any fees for using Afterpay?
Afterpay is free when you pay on time.
Unlike most credit cards, there are no hidden or annual fees, and we don’t charge interest.
If you miss a payment we do charge late fees. These fees never exceed 25% of the purchase price or $68; whichever is less.
We do everything we can for you to avoid late fees, including sending reminders leading up to the payment due date and an alert after a payment has failed.
Monthly fees apply to Afterpay Plus subscribers. You can upgrade to Afterpay Plus for $9.99 a month to use Afterpay almost anywhere. Eligibility criteria, fees and T&Cs apply. Please see afterpay.com for full terms.
Is Afterpay secure and safe to use?
Your security is our priority. Afterpay has been built with a range of security features and services to help keep your accounts secure, including monitoring transactions to identify fraudulent trends and behaviours, multi-factor authentication, and encryption to protect your information. We also protect our network of customers and merchants with a thorough screening process before they gain access to our services. You can find out more on our safety and security page.
Is Afterpay really interest-free?
It’s always interest-free when you pay it in 4 instalments. If you do miss a payment, you will incur a late fee and you won’t be able to pay with Afterpay until you settle your account.
How do I set up an Afterpay account?
Setting up an Afterpay account is simple. To get the best experience, download the Afterpay app to sign up. You can also sign up during the checkout process at participating online retailers.
You must be over the age of 18 and provide some personal information, and link a valid debit or credit card.
To make it quick and easy for you, we verify your identity electronically (rather than you having to do time-consuming paperwork). Then, when you want to make a purchase with any of our partner retailers, just choose Afterpay as your payment method at the checkout.
It’s important to know that we do apply an approval process for individual purchases. Our approval process takes a number of factors into account, including whether there are sufficient funds in your account (particularly for new customers), and how much you will have to repay on the purchase.
We carry out this process on every order you make with Afterpay, not just the first one.