AfterPay

In 2015, Afterpay founder, Nick Molnar, identified a shift in payment behaviour amongst Millennial shoppers and a preference towards debit cards and aversion of credit. Nick was motivated to create Afterpay to cater to this generational shift by offering customers an alternative to credit.

Afterpay’s model is simple; it charges retailers to offer customers interest-free instalment plans by splitting a purchase amount over 4 manageable fortnightly instalments, available both online and in-store. The service is free to customers who pay on time, with no interest and no contracts.

Responsible spending has been built into Afterpay’s DNA – these rules help users which means Afterpay won’t let customers revolve into debt, no exceptions.

Customers can’t use Afterpay until they pay each instalment. This is what makes Afterpay different. Approved spending limits are largely determined by customers’ repayment history. For those who have only recently joined Afterpay, spending limits will generally be smaller.

Today Afterpay has millions of customers globally. 

https://www.afterpay.com/en-AU/how-it-works

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Beautiful earrings
Love the gold plating
Great at removing stains from my silver and gold jewellery!
Beautiful necklace!!
Love this pendant!