Company Overview
What is Afterpay?
Simply put, Afterpay is the modern day Lay-By, BUT BETTER!
It’s better for your customers because they get to take their product or products home and pay the sale total off over 4 equal payments. 8 million people in Australia are already registered with Afterpay. It only takes a few minutes to download the Afterpay app and set up. Once set-up, the Afterpay card goes into the smart phone’s wallet and is there as an option for making purchases – just like a credit and/or debit card.
It’s better for you, the retailer, because you get paid the full purchase amount within a few business days and you don’t’ have to hold the stock hoping that the customer will actually complete the lay-by process.
NO SET-UP FEE
It costs you nothing / zip / zero to set up Afterpay – just a little bit of paperwork and some time to run the test – which the fabulous people at Afterpay will guide you through.
You pay a merchant fee on transactions. The rate for Newspower Members is 4.75% of the sale price, plus 30 cents per transaction.