November 03, 2017
We know that juggling everything at Christmas can be tricky! So that you can shop on your terms, we’ve introduced Afterpay to our online store to give you more options when it comes to paying for your Christmas shopping.
So what is Afterpay and how does it work?
Afterpay splits your payments into four equal fortnightly instalments. Think of lay-by, except that you can take your new purchases straight away, and finish paying them off later on!
Once you’re ready to place your order at the online store checkout, select ‘Afterpay’ as your payment method. The first time you do this, you will be prompted to create an account, and you must be 18 years or older to do this.
Your Afterpay account simply uses your mobile number and a few personal details to create your account. You will also be asked to nominate the credit or debit card you wish your fortnightly payments to be taken from. Once you’ve created your account, you’re ready to go!
The next time you want to use Afterpay, you will simply be asked to sign in to your account at the checkout.
Making Payments with Afterpay
Afterpay allows you to pay for your order over an eight week period, with one payment due each fortnight. Your first payment date may be at the time of order, or at an alternative time. This will be clearly communicated to you before you confirm your order.
Once you have placed your order, Afterpay will send you a reminder before the due date for your next payment, and payments will automatically be deducted from your account on this day. You can also pay manually by logging into your account, and you can pay early if you choose!
For more detailed information on Afterpay payments, see the Afterpay website.
Are there any fees associated with using Afterpay?
Afterpay is an interest free payment system, which means that all you will be charged is the value of your order.
A late fee may be applied if your scheduled payments are unsuccessfully processed. If you have not made the payment before the due date, and the automatic payment fails, you have until 11pm the following day to make payment. After 11pm the following day, if that payment has not been made, you will incur a late payment fee of $10 and a further late fee of $7 if the payment is not made within 7 days.
Is Afterpay safe to use?
Afterpay understands how important security is so they have taken steps to ensure that your personal information is protected.
Afterpay is a PCI DSS Level 1 certified compliant Service Provider organisation. PCI DSS is a comprehensive set of requirements created by the Payment Card Industry Security Standards Council to enhance cardholder data security and to ensure the safe handling and storage of sensitive customer credit card information and data.
How much can I spend with Afterpay?
When determining which orders to approve, an automated Afterpay system considers a number of different factors. As an example, the longer you have been a customer with Afterpay and the more orders you have successfully repaid, the more likely you will be able to spend more.
Restrictions are tighter for ‘new' customers (first 6 weeks), and while it can be frustrating not knowing exactly how much you can spend each time, the Afterpay rules and approval process ensure that they are responsibly offering this service to shoppers.
You can find out more about Afterpay, including further details on the questions above, via the Afterpay website.
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