PSA: Farfetch is now available to shop with Afterpay
Image: Instagram user farfetch
Designer fashion just got a whole lot more affordable.
If you have an eye for premium fashion, online luxury retail platform Farfetch is probably already on your radar. Stocking brands like Balenciaga, Alexander McQueen, Versace, Moschino and much more, Farfetch is a fashionista's dream, which is why the news that the store has just launched Afterpay is sure to cause a stir.
While no official announcement has been made by either Farfetch or Afterpay, the service is already up and running on the Farfetch site. All you have to do is complete the usual checkout process and select the Afterpay button when it comes time to choose a payment method.
As more information is yet to come, we still don't know if Farfetch will enforce a minimum spend to shop with the Afterpay service. Given the average price point of Farfetch's products though, we would assume that a minimum spend won't be necessary.
For anyone who hasn't used Afterpay before, the service allows you to immediately shop products that you've been eyeing off and pay them off in four equal instalments. So, if you've been absolutely dying to get your hands on a Gucci Marmont belt, for instance, you can avoid forking out one $775 payment and instead split the cost into four manageable chunks of $193.75. Sort of like a modern version of laybuy, but without the wait time.
The announcement makes Farfetch the latest retailer to join an absolute slew of stores already offering the Buy Now, Pay Later service. Already this year we've seen other major fashion retailers like Revolve and Forever New begin to offer Afterpay to customers as demand for the service continues to rise.