Our app is designed to provide freedom, flexibility and full transparency with your spending.
Every Afterpay customer starts with a spending limit of around $600, which increases gradually over time. As a newer customer, your first repayment is due upfront. The longer you’ve been a responsible shopper with Afterpay – making all payments on time – the more likely the amount you can spend will increase.
Breaking the debt cycle.
When you use Afterpay, you pay for your items in full over a short period of time – 6 to 8 weeks – without incurring any interest. We’re completely different to traditional credit products, which can push customers into long-term debt at high interest rates.
Never any interest.
We never charge interest. It’s that simple.
Capped late fees.
If you miss a payment, we do charge late fees. However, late fees are always capped and low, starting at $10, but never going higher than 25% of the original order value or $68, whichever is less.
To help you stay in control, if you miss a payment, we’ll pause your account and you won’t be able to buy anything with Afterpay until the balance is paid and you’re back on track.
No external credit checks.
Financial freedom shouldn’t cost you or your future; external credit checks may impact your credit score or rating, so we don’t run credit checks on our customers. We also don’t believe in preventing people from accessing Afterpay because they may have an old debt.
Total control from your phone.
Your spending limit is always on display in the Afterpay app, so you know exactly what you’re able to spend with us right now (and what might need to wait). You can also manage your upcoming payments and view your spending history at any time in the app.
You’ll receive text and email reminders before every payment is due. You’ll also receive alerts for missed payments, so it’s totally clear what’s coming out of your account and when.
Change Payment Dates.
You can reschedule three payment dates per year, shifting them up to five days with each update.
You can pay off some or all of an outstanding balance ahead of a scheduled payment.
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We’ve put all the facts on the table about Afterpay and how it works, because we really don’t have anything to hide. Find out more.
Tools & Resources.
+ Need more answers? Head to our Help Centre.
+ Find out more about our commitment to responsible spending.
+ We’re here to help with our Financial Hardship policy.
+ Find out more about Afterpay's Target Market Determination