Shopping has been made easier since the introduction of online shopping and different payment methods that are suitable for different shoppers. Purchasing items via the internet has been made efficient because of platforms like Afterpay, granting shoppers the luxury to purchase items online and in-store, then make their payments later. It is an interest-free service. See Does Farfetch Take Afterpay?
Farfetch does accept Afterpay as a payment method from their customers. All a customer needs to do is sign up with Afterpay to create an account if they haven’t already, then log in and clear their Farfetch shopping cart. Afterpay pays for orders before they are shipped, then customers pay in installments after they have received their items. There is no interest to be paid with the installments, however, shoppers in the USA are charged 25% of their order total price for delayed payments.
Afterpay is accessible for both online and in store shopping. Signing up and creating an account with Afterpay is simple. It is highly recommended to download the Afterpay mobile app and sign up through it to create a new account. This renders a hassle-free shopping experience since it allows the customers to easily manage and track their orders.
However, for shopping at Farfetch it is not compulsory to download the app or register since this is a digital platform that offers Afterpay as one of their payment options. After making a cart checkout, a shopper will select Afterpay as a method of payment and enter the required details in order to finalize their purchase.
How do I Create an Account with Afterpay?
There are two ways to sign up and create an account with Afterpay, which are as follows:
- Go to www.afterpay.com
- Click the ‘Sign Up’ button on the top right corner of the screen
- Follow the prompts leading to creating a new account
OR
- Open the AppStore mobile app (PlayStore on Android devices)
- Type ‘Afterpay’ on the search bar and search
- Download the ‘AfterPay: Buy Now, Pay Later’ app
- Open the app and follow the prompts leading to creating a new account
After following one of these two methods, it should be easy for a user to enjoy shopping both online and in store shopping, using Afterpay as a payment option.
Who is eligible to use Afterpay?
Afterpay may not be available for everyone to use. In order for one to qualify for this platform, one must ensure that they:
- Are 18 years and older
- Reside in the US
- Are willing and have what it takes to sign a legally binding contract
- Have a valid United States proof of residential address
- Have a valid email address and phone number for contact and delivery
- Have a US debit or credit card that is approved to use Afterpay
Does Afterpay charge an Extra Fee for Their Customers?
- Afterpay does not charge shoppers any extra amount of money for their purchases, from checkout to shipping to delivery. The only time a person is charged with an extra fee is when they are late with their installments and haven’t been complying with the terms and conditions for this payment method. The extra fee will be 25% of the order price.
Does Afterpay Accept Any Amount of Money?
The total value of your order must be over $35 in order for you to qualify to use Afterpay
Can I Pay Off All My Installments Before Time?
It is possible to pay off all your installments before your Afterpay deadline date. However, they must be one at a time.
How Does Afterpay Make Money?
The interest-free advantage by Afterpay may pose the ‘how do they make money’ question to the user. The answer is, this platform makes profit from the 25% fee they charge shoppers for their late payments. Retailers that offer Afterpay as one of their payment options have to pay a certain percentage of money with every processed order. It is usually about 5% of the order value, which is accompanied by $0.30 fee for flat-rate.
Does Afterpay Affect You Credit Score?
As much as your inconsistency with installment payments would jeopardize your credit score as an individual, Afterpay would not negatively affect your credit score as it is not too strict with credit enquiries and payment inconsistency is not reported to credit bureaus.
Afterpay has made it easier and convenient for everyone to shop online and in-store, especially because people get to enjoy their favorite items/products without stressing about the pressure to make immediate payments. Thanks to online shopping mobile apps and web sites like www.farfetch.com for making it so easy for shoppers to borrow without having to worry about their credit score being jeopardized. However, it is a wise idea to always be on time with installment payments as this is a good habit that will save one from financial bondage.
