Offering Afterpay in your business, whether online or in-person, means your customers can get what they want now, and pay their purchases in 4 instalments over 6 weeks, without incurring any interest.
But how does it work for you as a merchant?
- Customer purchases: A customer completes their purchase using Afterpay on your website or physically in your store.
- Fast settlement: You receive your settlement funds upfront:
- Online purchases: Funds are settled by Afterpay within days, minus merchant fees.
- In-store purchases: Just like any other card type, funds are processed via your card payment processor or acquiring partner. Afterpay transaction fees are debited from your nominated bank account once these funds are settled.
- No impact from missed payments: Your customers pay Afterpay in four instalments over six weeks. If a customer misses a payment, this does not affect the funds you’ve already received.
- For more information on how we handle missed payments, click here.
Managing your orders and payments
You can easily track payments and orders through:
- Daily settlement reports in the Afterpay Business Hub; and
- The email notifications Afterpay sends you.