Afterpay

Afterpay is a prominent 'buy now, pay later' (BNPL) platform that enables consumers to purchase goods and services immediately and pay for them over time. The service is integrated into thousands of online and in-store retailers, presenting itself as a payment option at checkout. Its core offerings include a 'Pay in 4' plan, which splits the cost into four interest-free installments, and monthly payment plans for larger purchases. For businesses, Afterpay aims to increase conversion rates, boost average order values, and attract a younger demographic of shoppers. Merchants receive payment upfront while Afterpay handles the collection from the customer. The platform includes a mobile app for consumers to shop and manage their accounts, and a Business Hub for merchants to track performance and gain insights. Support is available via in-app chat and phone.