As an Afterpay merchant, you are charged a fee for each Afterpay purchase made by a customer when they use Afterpay as their payment method (and for which Afterpay has provided you with approval confirmation). The merchant fee comprises a fixed fee, plus a percentage amount, and can differ depending on whether the Afterpay transaction was online or in-store, and your Afterpay merchant agreement will detail this.
For online transactions:
If a customer checks out online with Afterpay, we will pay you the purchase amount on behalf of the customer, setting off amounts owed to us under your Afterpay merchant agreement i.e. the fee for that transaction. We will send the remaining balance to your nominated account, typically up to five business days following the date of the Afterpay purchase, in accordance with your Afterpay merchant agreement.
For in-store transactions:
If a customer uses Afterpay to make a purchase in-store, the process is a little different. These transactions process on your eftpos like any other eftpos transaction, meaning your payment service provider will pay you for each Afterpay purchase made in-store, less any payment processing fees.
Afterpay will then invoice you for amounts owed, and direct debit that amount from your nominated account, typically on the second day following the invoice date, in accordance with your Afterpay merchant agreement.
Discover more on our Fee Structure page.