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What's the deal with Afterpay?

What s the deal with Afterpay?
Here s everything you need to know about the service that lets online shoppers buy now and pay later. Plus, two financial planners share their takes on its pros and cons.
Photo: Afterpay
As you check out your online retail purchases this holiday season, you may have noticed an Afterpay icon pop up under the payment options. So what is it and is this new payment service worth considering? Read on for the lowdown.
What is Afterpay?
Afterpay is a service that allows you to instantly buy a product online and pay by installments. We’re not talking ....

United States , United Kingdom , Liz Schieck , Melissa Davis , Barbara Knoblach , Herschel Supply Co , Money Coaches Canada , Toronto Based New School , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , மெலிசா டேவிஸ் , ஹெர்ஷல் விநியோகி இணை , பணம் பயிற்சியாளர்கள் கனடா , டொராண்டோ அடிப்படையிலானது புதியது பள்ளி ,

What Is Afterpay Canada? The New Payment Service Explained

Plus, two financial planners share their takes on its pros and cons.
Deanne Gage
Updated
(Photo: Afterpay)
As you check out your online retail purchases this holiday season, you may have noticed an Afterpay icon pop up under the payment options. So what is it and is this new payment service worth considering? Read on for the lowdown.
What is Afterpay?
Afterpay is a service that allows you to instantly buy a product online and pay by installments. We’re not talking big-ticket furniture but lower-priced items like clothes and cosmetics. You immediately pay your first installment (25 percent of the purchase price) and the product ships to your home. You then repay the remaining amount over three more installments in consecutive two-week periods. As an example, if you purchased a $100 dress using Afterpay, you’d fork over $25 right away and make three additional payments of $25 via your existing credit card or direct debit. ....

United States , United Kingdom , Liz Schieck , Melissa Davis , Barbara Knoblach , Herschel Supply Co , Deanne Gage , Money Coaches Canada , Toronto Based New School , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , மெலிசா டேவிஸ் , ஹெர்ஷல் விநியோகி இணை , டீன் கேஜ் , பணம் பயிற்சியாளர்கள் கனடா , டொராண்டோ அடிப்படையிலானது புதியது பள்ளி ,