What you need to know to Afterpay your holiday
Afterpay is a zero-interest way to purchase items online and pay for them in instalments over an eight-week period. Simply put, it's like an interest-free loan and if you haven't heard about it yet, you will soon. Especially now that the service is focusing on the travel market.
Already heavily integrated into the Australian shopping market, as of 13 September 2017 Afterpay has partnered with Jetstar to offer interest-free bookings on domestic flights with the potential to expand the offer to international flights.
Holidays are destined to follow, with Jetstar and other airlines and travel agencies, and when they do we'll keep you updated with all your options to book your trip using Afterpay.
Until then, you can still book your holidays and pay them back interest free with the buy now pay it later programs offered by travel agents and tour companies like Flight Centre, Contiki and STA Travel.
Which holiday retailers already offer book now, pay later options like Afterpay?
Afterpay isn't the only book now, pay later payment method in Australia. ZipMoney works in a similar way offering interest-free repayments on holiday purchases with Luxury Escapes and Webjet.
Then, there are other retailers that offer their payment plans. Here's a snapshot of the most popular retailers that let you book now and complete your payment later.
What is Afterpay?
Afterpay is a payment option that lets you lay-by your purchase and pay it back in four equal instalments. Repayments are taken fortnightly and are complete after eight weeks.
To use it, you need to sign up with Afterpay and include your bank details. When you make a purchase, opt to pay via Afterpay, follow the prompts and your repayments will automatically be deducted from your account when due. You'll receive a text message the day before each payment is taken to remind you to have enough funds in your account.