With Afterpay, you can shop now and pay later in four interest-free instalments. Late fees will be charged for missed repayments.

Afterpay is a buy now, pay later service available in many Australian stores, both online and in-store. Once your application is approved, you’ll have a line of credit up to $1,500 and a shopping account. You will have eight weeks to pay back the full amount, with four interest-free instalments every two weeks. You’ll also receive reminders before payments are due. Charges will apply if you fail to make repayments on time. This can range from $10 to 25% or $68 dollars.

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It’s already fully integrated into a lot of Australian stores so that you can buy now and pay later. Find out how Afterpay works here.

How does Afterpay work?

You can start shopping with Afterpay by signing up and linking an Australian Visa or Mastercard debit or credit card. All you have to do is sign up and confirm your details.

  • Online. Buy online by selecting Afterpay at the checkout.
  • In-store. Buy in-store at selected retailers by using your phone to visit and entering the amount you want. You’ll get a barcode on your phone that can be scanned at the cash register.

Two weeks after you’ve made your purchase, you’ll need to pay back the first quarter of the outstanding amount, with the remaining quarters paid back every two weeks after that. Payments are processed automatically, and you’ll receive reminders before payments are due.

In order to make sure the service is free to use for everyone, the amount you can spend at any one time may be subject to approval. Purchases over $500 will require the first quarter payment at the time of purchase. All this information will be communicated to you before you’ve paid, so you can always make an informed decision.

See the full Afterpay store list

Features of shopping with Afterpay

  • No interest. It works like a no-interest loan. You have longer to pay for your chosen item with no added interest.
  • No advance sign up for in-store purchases. Even if you don’t have an account, you can still walk into a selected retailer and choose Afterpay. You’ll just need to sign up later.
  • Manage your account. Sign in to see your upcoming payments, orders and account information.
  • Reminders. You’ll be notified ahead of time when a payment is coming up and how much it is so that you can make sure there’s no overdrawing.
  • Automatic deductions. Each quarter amount is automatically deducted from your chosen card to make sure you can keep up with your repayments, even if you’re busy or you can’t get online.
  • Refunds and more. You can still get a refund for purchases you’ve made with Afterpay, in line with each store’s refunds policy.
  • Pay in advance. You can pay instalments ahead of time, penalty-free.
  • Market-leading security. Afterpay is a PCI DSS Level 1 certified compliant service provider. This is the highest level of payment security there is, for both your card details and your personal information.

How much does Afterpay cost?

There are two costs involved with Afterpay. One of them is the cost of the item you’re buying. The other is a late fee for missed instalments.

If a deduction is unsuccessful, you will be notified and you will have a chance to log in and choose a different payment method. Failure to do so will incur a $10 late fee. If you fail to make a payment within 7 days, you'll be charged a further $7. For each Afterpay order, you can be charged a maximum of one $10 late fee per order. For any order of $40 or above, you can be charged late fees of 25% of the original order or a maximum of $68 – whichever is higher.

If you fail to make repayments, Afterpay holds the right to report it to a credit reporting bureau.

Is Afterpay safe?

Afterpay is touted as a new way to pay and different from traditional credit products, but it is important to still be careful with Afterpay. While Afterpay does not check your credit history before you apply, it still reserves the right to report defaults to credit reporting bureaus such as Experian or Equifax. You need to keep this in mind before you apply.

In terms of your information, Afterpay is a PCI DSS Level 1 certified compliant Service Provider organisation. This means that it abides by the comprehensive set of requirements to keep your data secure.

Is there a limit to how much you can spend with Afterpay?

Your limit depends on whether you have linked your Afterpay account to a debit card or credit card. If you linked your account to a debit card, then you can't have more than $500 outstanding or your next purchase won't go through. However, if you have a credit card linked to your account, then your limit is up to $1,500.

If you've linked your account to a debit card but want to access the higher limit, you can always switch your account and link it to a credit card.

Does Afterpay do a credit check?

No. You'll be automatically approved as long as you're 18 or over and have a working credit or debit card.

How to sign up for Afterpay

In order to sign up, you have to meet the following criteria:

  • Be at least 18 years old and capable of entering into a legally binding contract
  • Have a valid and verifiable email address and mobile number
  • Have an Australian credit or debit card

Afterpay is not a store credit application. You don’t have to sign anything or fill out an application form. All you have to do is make sure you’ve read the details and signed up online.

Should you offer Afterpay (for store owners)?

As a business owner, offering Afterpay or any other interest-free payment service has some pros and cons.



  • Fees. The cost of fees will depend on the transaction value and on your merchant agreement with Afterpay.
  • Waiting for payment. Processing times for payment from customer transactions may vary, depending on Afterpay and your bank.

Watch: Afterpay vs credit cards: Which is better?

Have more questions about Afterpay?

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    Default Gravatar
    March 19, 2019

    My Afterpay account has been closed and when I contacted them, I was told it was because of overdue money even though I have no outstanding purchases. They mentioned that I can reapply in 6-12 months. Not sure why this happened.

      Avatarfinder Customer Care
      March 20, 2019

      Hi Jackie,

      Thanks for getting in touch with Finder. I’m sorry to hear about your situation.

      What I can advise is for you to present proofs that you don’t have outstanding purchases. Show them that you made timely repayments. From there, they should also be able to show you proofs that prove otherwise. By discussing your problem with them, you can better understand why your account was closed.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    March 4, 2019


    So I have sent up an account with Afterpay. I tried to add my bank card details but it said can’t be accepted, is this because there is no money in the account ATM? Will it work when there is funds in that account?

      Avatarfinder Customer Care
      March 5, 2019

      Hi Kel,

      Thank you for getting in touch with Finder.

      One of the qualifications to set up an Afterpay account is to make sure that there’s sufficient funds in your account like at least 25% of the purchase price. You may try again after depositing funds into your account and it should push through. Kindly contact Afterpay’s customer support team in the event that your account application is still unsuccessful.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    February 28, 2019

    Can I still reinstate my afterpay account after it goes to collections?

      Avatarfinder Customer Care
      March 2, 2019

      Hi Lala,

      Thank you for your comment.

      Once you paid your account in full, you can apply for your account to be reinstated. You may contact Afterpay support directly.


    Default Gravatar
    February 8, 2019

    Does choosing AfterPay result in any form of credit check on my profile?

      Avatarfinder Customer Care
      February 11, 2019

      Hi NG,

      Thank you for getting in touch with finder.

      No, Afterpay does not check your credit history before you apply however it still reserves the right report defaults to credit reporting bureaus such as Experian or Equifax.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    January 8, 2019

    You said – the late fee for missed installments (late fees are capped at $8 or 25% of the purchase value, whichever is less.) on a reply. But on this page it’s saying you can be charged late fees that total 25% of the original order or a maximum of $68 , whichever is higher. ?

      Avatarfinder Customer Care
      January 9, 2019

      Hi Tyler,

      Thank you for leaving a question.

      For each order below $40, a maximum of one $10 late fee may be applied per order. For each order of $40 or above, the total of the late fees that may be applied are capped at 25% of the original order value or $68, whichever is LESS.

      To verify the charge, please contact Afterpay directly.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


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