All payment methods

Afterpay / Clearpay

Afterpay is an interest free Buy Now Pay Later product. Consumers can choose to Pay-in-4 interest free instalments or qualified Afterpay consumers will be offered an additional Afterpay repayment option during checkout, allowing them to pay over 6 or 12 monthly instalments. With a global payback rate of 95% early or on time, transparent spending limits and capped late fees, Afterpay aims to unlock growth for merchants and at the same time prevent overspending for the consumer. In the UK, Afterpay operates under the name ClearPay.

Afterpay / Clearpay
Type Buy now pay later
Consumer countries
Currencies

Want to integrate Afterpay / Clearpay onto your platform?

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Why Afterpay / Clearpay

Merchants who started offering Afterpay saw as much as 2X increase in the numbers of unit items purchased, 58% higher average order value and an 18% decrease in return rates.

Afterpay reports there are more than 8m+ monthly active users in 2023 and nearly 50% of buy now pay later consumer spend stays with Afterpay.

In 2022, Afterpay processed a GMV of $29B across 200,000 participating merchants.

Specifications

Coverage

Currencies

Consumer USD, GBP
Processing USD, GBP
Settlement USD, GBP

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At checkout, the consumer selects Afterpay as their preferred payment method

2
Payment method

The consumer logs into their Afterpay account

3
Payment method

Consumer reviews the transaction and confirms the payment

4
Merchant

The payment is confirmed and the consumer is redirected back to the merchant

Want to integrate Afterpay / Clearpay onto your platform?

Get in touch