Afterpay is a BNPL (Buy Now Pay Later) platform that allows users to buy products or avail of some services at the spot and then repay the sum of borrowed money later in a fixed number of equal installments. The number of required installments for repaying the borrowed money varies for each individual although, it is almost always repaid in 4 installments. Afterpay does not charge interest while lending to the user in contrast with payments made by credit cards. Does Apple Accept Afterpay?
It is possible to use an Afterpay Card in Apple Pay in the 50 states or the District of Columbia in the United States. It is, however, not possible to use an After Pay card in the territories of the United States. Payments for online purchases are made in App Store on Apple devices or in physical retail stores. By setting Afterpay as your payment method while carrying out transactions, you can purchase your desired goods in the Apple App Store.
The purpose of this article is to help the reader understand the terms and conditions, advantages and disadvantages, and the steps for using Afterpay as the preferred payment method when making purchases in the iOS app store.
Using After Pay Card in Apple Pay
To use an After Pay Card while making purchases with Apple Pay, one must first download the Afterpay app. The steps for using Afterpay for making purchases are:
Firstly, the customer has to open the newly installed Afterpay app and has to put in their personal information to access their Afterpay account.
The card tab will display the amount of money that is at the customer’s disposal. Payments that exceed the available credit cannot be made by Afterpay.
Click the ‘Authorize and pay in-store option to start the transaction process.
Click the ‘Pay in-store with Apple Pay’ option to initiate the After Pay Card in your digital wallet.
Select the pay with Apple Pay option when making the payment on the website or app.
Select the Afterpay Card, check the payment details, and then confirm payment by using Face ID, fingerprint ID, or PIN.
While many online retailers in the United States offer Afterpay as a payment method to their customers, many do not. Therefore, it is important to check whether the merchant will accept Afterpay for making the payment.
General Terms and Conditions for Customers
Payment service by Afterpay is generally available to customers who meet the following requirements:
The customer is a resident of one of the fifty states or District of Columbia in the United States of America. Residents of territories of the United States cannot avail of Afterpay services.
The customer is at least 18 years or older. Customers who are 19 years or older in the state of Alabama or are wards of the state of Nebraska can avail themselves of Afterpay services.
The customer can be bound in a legal contract.
The customer has a valid and verified contact number.
The customer has a valid and verified email address.
The customer has an address for deliveries in the United States.
The customer has the eligibility to apply for and obtain a credit or debit card in the United States.
What Else Can an After Pay Card be Used?
Afterpay services can be used in several stores which include but are not limited to:
Kmart
Jetstar
Catch
SHEiN
Target
David Jones
Sephora
Rebel
Petbarn
YD
The following link contains the full list of stores that accept After Pay Cards as valid payment methods:
https://www.afterpay.com/en-AU/categories/all-stores
Benefits of Using Afterpay
Offline Usage: After Pay Cards, can be used in many physical retail stores. Afterpay is not just limited to making payments online.
No Charging of Interest or Initial Fees for Borrowings: Afterpay does not charge any customer for using the After Pay Card. Nor does it charge any interest for the money borrowed by the customer. It does charge money from some customers but only as late fees when they had not repaid the borrowed sum in time.
Alternative to Credit Card: Unlike credit cards, After Pay Card does not charge any interest for using it. It only charges late fees if the user has not paid the borrowed sum within the stipulated time.
Problems of Using Afterpay
Spending Limit: Different customers have different spending limits based on their history. Customers who have been using Afterpay for a long time and have little no defaults have larger spending limits compared to newer customers or customers who are late on their payments.
Reckless Spending: Since Afterpay does not charge any interest or other fees for using its services, some customers find it hard to control their impulsive shopping sprees. This can be bad for customers financially.
Eligibilities and Comparatively Rarer Use: Afterpay has a lot of requirements that must be met to use its services. Customers who live in territories of the United States cannot use it. Some retailers do not even support the use of After Pay Cards. This is a problem that is not faced when using credit cards.
Conclusion
In conclusion, while it is very easy to use Afterpay with Apple Pay, the payment method has its drawbacks and customers should exercise discretion when using Afterpay.
FAQs
Q1. How much can I spend with Afterpay in App Store?
A1. You can spend only within the limit of your Afterpay account.
Q2. Does Afterpay support credit scores?
Q2. No, Afterpay does not help build credit history.
