We all like to buy things for the house, gifts, or something for ourselves. But it can happen that we see an offer, we want something immediately, and we do not have the money at that moment. Or we do not want to increase the value of the product because of the interest in the installments, and it can be somewhat demotivating. For this type of situation came the Afterpay app that offers a payment service that allows us as users to buy products and pay for them in installments without interest.
It has become a very popular tool, in addition to its convenience for users, its lack of interest helps many people who want to better manage their budgets without having to face additional debt. You should not worry about the interest on your purchases, but rather enjoy and take advantage of everything the app has to offer.
A little background
Afterpay was founded in Australia in 2014 and to this day continues to expand including the United States, United Kingdom, Canada, and New Zealand. It may not have reached other countries, but every day they are trying to expand and broaden their availability to reach every corner of the world.
Available for both Android and iOS devices and for their online version on their website. It may happen that when looking for it in the app store, you can't find it because it only appears in the countries mentioned above.
However, you can search for it and get information on its website. It's characterized by transforming the way consumers buy and pay for certain services and products. With its most particular feature of being able to make purchases and pay in installments without interest, divided into four equal payments made every two weeks.
Benefits for consumers and merchants
This app not only benefits consumers, but also merchants for using this tool as a payment method. Here I tell you what are the most well-known and useful benefits for your day to day.
For consumers:
- Allows splitting the cost of purchases in four interest-free installments made every two weeks.
- The app allows users to view and manage all payments made as well as pending and future payments
- Includes reminders so you don't miss payment dates
- Displays a list of merchants that accept this tool and makes it easy for users to search for them
- Includes a spending control feature, such as budget alerts, to help you keep control of your finances
- Of course, provides payment protection to prevent fraud.
For merchants:
- Increased customers as there is a higher probability with the flexible payment option.
- Increased marketing by appearing on the Afterpay app's list of enabled merchants
- Access to sales analysis and reporting
It's important to mention that merchants are charged a commission on the sale price. Also, if you are a consumer and miss a payment, you may be charged late fees.
Shopping has never been so simple
It's always a good time to treat yourself or others to something, and if you can save money on interest on top of that, it's even better. Whether you buy online or in a physical store, you can activate this tool to make your purchases simpler.
Their updates are constant, and every day they work more and more on adding new countries. It's a very good option when it comes to shopping. Today, prices are increasing, and it can become tedious to buy something new, so there is nothing better than saving a little money and pay it little by little. Undoubtedly, this app is here to stay among the applications for your shopping days.
