Does Net-a-Porter Take Afterpay?

Here we will see about the Does Net-a-Porter Take Afterpay?

The glamourous online site Net-a-porter is a fashion Mecca of sorts for shopaholics and fashionistas. One glimpse of a seductive Jimmy choo stiletto or Emilio Pucci scarf on display is enough to leave you in a trance. And it is only after you’ve checked out of the site that you realise what you’ve done.  You have spent most of your month’s salary on a pair of shoes. Does it matter though? You know exactly how your heart skips a beat when the black box artfully  tied with a grosgrain  ribbon  arrives at your doorstep.  

Does Net-a-Porter Take Afterpay?

If this scenario sounds familiar, you are no different from millions of women around the world who have grown to love how much Net-a-porter’s packaging looks and feels like a gift. Also, the information that this article carries is going to be the best thing you’ve heard since the site’s Upto 70% off sale. 

Yes, they do take afterpay from August 2021.  Last year the international shopping website’s parent company YOOX NET-A-PORTER partnered with the global retail bank Klarna. The partnership allows customers to delay payments on their purchases from the site in 3 or 4 installments. This, without any additional charges as interest.  Obviously this is an attempt by the company to add more people to its already existing 4.5 million high spending customers from 180 different countries.

The Lure of Afterpay

Currently online shopping is particularly popular with the young and the hip. The variety it offers is vast and the discounts and perks are more. The process is so simple that with just basic computer knowhow and a debit or credit card you can buy anything from a lipstick to a laptop. YOOX NET-A-PORTER’s founder Natalie Massanet(an ex-fashion journalist) is one intuitive business woman. It is her vision that has materialised as a brand that’s much loved by women around the world.

The company is always looking for ways to enhance the luxe customer experience that it provides. Apart from introducing features like voice and visual search and the use of artificial intelligence, afterpay is just one more interesting way to attract more customers. 

This ‘Buy now pay later’ movement has been gaining popularity rather fast. Apps like Klarna, Zip.co and Afterpay are much in demand now because they rope in more customers and also encourage them to spend more. We hear that afterpay is turning out to be the hottest of trends in fintech over the last few years.

What is afterpay?

Retailers are always looking for ways to encourage customers to shop more than they already do. Previously this was done by offering services such as a store credit card.  Now it is done by allowing customers to make a purchase, pay a small amount of money upfront and then make weekly payments until the amount is fully paid. For this the only requirements are that the customer is 

  • 18 years of age or older
  • The purchase being made is above $35
  • The customer pays 25% of the total cost at the time of purchase

Later this customer is required to pay every two weeks in the form of four instalments or until the purchase is fully paid off.  

The catch

While everything seems so convenient and enticing on the surface, there is a catch. When a customer misses a payment or one of their payments is unsuccessful, a late fee of $8 is charged. For every delay, a fee of $8 is charged. Also, the person’s account is frozen until the cost of the product purchased is fully paid off. 

Be a smart shopper

If you weigh the pros and cons of delayed payments or ‘afterpay’, you will notice that the pros naturally outweigh the cons. It is quite easy to enjoy the kind of cushioning that this service provides. This is especially when you are running slightly low on funds.  You can still tread with caution and avoid overspending by doing a few simple things 

  • Set a budget– Always set a limit for the amount of money (that can be easily repaid) for online shopping and stick to it. 
  • Link your debit card-It is best to link your debit card to your account on the online shopping website. If you link your credit card, on missing a payment you will not only be paying late fees, but also be charged interest on your credit card.
  • Schedule reminders for your payments- Set alarms one day prior to the actual date of payment so that you never miss a payment.

Conclusion

Afterpay is a great payment option for people who act responsibly with their money and are regular at paying their bills. You just need to use this option with caution. That way you will get to make purchases all through the year at the stores you love without worrying about spending all your money at once.

Does Net-a-Porter Take Afterpay?

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