Afterpay offers simple and affordable installment plans for online and in-store shoppers. The payment platform allows you to purchase in four equal installments, due every 2 weeks. For example, if you purchase an item for $200, you pay 4 installments of $50. There is no additional cost to use Afterpay so long as you pay on time. All of your payments are interest-free and you will receive your order straight away.
From their site
Afterpay is a unique service which was founded to champion the customer's best interests when it comes to making retail purchases.
Splitting payments into 4 equal instalments. You pay nothing extra when you pay on time, according to your payment schedule. It is easy to view orders and payment schedules in the App to manage all budgets.
Afterpay is a lifestyle product which makes shopping more convenient. Enabling you to get the things you want when you want them, while managing payments over time.
Afterpay gives shoppers the flexiblity they want to manage their budgets.
We send payment reminders — communicating via SMS and email prior to payments becoming due. Afterpay helps customers pay on time.
Afterpay benefits from customers paying off their orders in full and on time. Afterpay applies personal order and account limits – they start low and increase as repayment history with Afterpay is positive.