This instalment payment method allows consumers to make payments for purchases in four equal instalments, due fortnightly, with no interest and no fees if they pay on time.

Customers in New Zealand and the United States are asked to make the first payment when they place an order. This is 25% of the total order value. Customers select Afterpay during the online checkout.

Those who have downloaded the Afterpay app can also generate barcodes to initiate instalment payments in-store.

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Type Instalments
Company behind LPM Afterpay Ltd
Market share details 10 m customers in 4 countries (Canada new market)
Market relevance High

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