AfterPay

Afterpay (also known as Clearpay in the UK), a payment method for customers to buy now and pay later. Afterpay enables customers in Australia, Canada, New Zealand, the United Kingdom, and the United States to split purchases over four instalments. Your customer only pays the first instalment at purchase time. You are immediately paid in full, and Afterpay collects the remaining instalments from your customer over time. Afterpay is particularly popular among businesses selling fashion, beauty and sports products.If a customer misses a payment, they won’t be able to use Afterpay until the payments are up-to-date. Late payment fees are charged but are fixed, capped and do not accumulate over time. Customers are never entrapped in revolving debt and never incur interest.