Afterpay, a leader in “Buy Now, Pay Later” payments, today introduced a new payment solution that give consumers even more choice, flexibility and time to pay, with transparent terms to support responsible spending – just in time for the busy holiday shopping season.
Consumers who select Afterpay’s monthly payment option can budget their money over a six or twelve month period for purchases between $400 and $4,000 with consumer-friendly payment terms1 including:
No late fees
No compounding interest with a cap on total interest owed
A clear view of what is owed at time of purchase which won’t increase during the course of the payment plan
Designed for purchases between $400 and $4,000, merchants can now offer Afterpay for more items in more categories without paying additional transaction fees or integration costs – while benefiting from new customer growth, increased sales, and higher average order values. Initially offered to existing customers making online purchases, the monthly payment solution will be available for in-person purchases in 2023.