Introduction
Lululemon athletic, founded in 1998 in Vancouver B.C. by Chip Wilson, is an athletic apparel retailer that specializes in the sale of lifestyle apparel, athletic wear, sports accessories, healthcare, etc. Let us know about does Lululemon takes Afterpay and what are interest rate and fees structure of Afterpay in this article.
Lululemon does accept Afterpay as a payment option for all their purchases online or in-store. The customer only has to pay a quarter of the total amount of the shopping done through the Afterpay card or from the app at the time of purchase. Then they can pay back the rest of the amount in 4 installments over 6 weeks, with a late fee of the least $8 or a quarter of the total purchase. The total credit accessible is dependent on the length of the customer’s stay with Afterpay and creditworthiness. The customer is also eligible for partial refunds on canceled orders.
How to use Afterpay to shop at Lululemon?
- The customer has to select Afterpay as the payment method during checkout.
- Customers with existing Afterpay accounts have to log in to their account and finish the checkout.
- New users have to sign up for an account on Afterpay while checking out with Lululemon, and they have to finish a quick approval process.
How to use Afterpay at Lululemon stores?
- After shopping at any Lululemon store, the customer has to go to Afterpay App and log in or sign up for an account.
- Then they have to add the Afterpay card to their digital wallet and then they can pay using Afterpay at any store accepting it.
- The customer has to pay 25% of the total value of the total amount payable, and they can take their items with them the same day.
- There is a late fee of $8 or %25 of the installment value, whichever is the least.
What are the interest rates and fee structure of Afterpay?
Afterpay offers its customers with six-week installment option for payments that start two weeks after the down payment is made. This allows the customer to pay only $155 onwards in installments, on average.
How to apply for the loan on Afterpay?
Afterpay uses its trademark risk model analysis to analyze customers applying for a loan, based on the order value, current funds on their active cards, and length of time spent as a client of Afterpay. Customers have to provide their phone number, a valid email id and address, details of the current card, and date of birth while seeking approval for loans.
How can I pay my bills in Afterpay?
You can use a debit card or credit card for purchases using Afterpay, or use the autopay option, which deducts the money automatically from your card on the due date. However, make sure to have enough money in your account in you are using a debit card for payments, to avoid late fees and overdraft charges.
Conclusion
Lululemon is one of the leading retailers in the world currently, providing service globally to billions of satisfied customers. If you are looking to shop at Lululemon, you can now pay for your purchases with Afterpay to keep your expenses in check and buy all that your heart desires. The “Buy now, Pay Later” service needs you to only pay 25% as a down payment, and the rest is payable without interest, in easy bi-weekly installments. Make sure that everything in your shopping bag is eligible for Afterpay at checkout as there may be a minimum purchase amount and additional eligibility requirements.
Frequently Asked Questions
1.Can I use Afterpay for international payments?
No, Afterpay is applicable if you have a valid US billing and shipping address, and valid US credit or debit card, along with a working US phone number.
2.How do I return or exchange an item purchased using Installments with Afterpay?
The customer can return their Afterpay by notifying them via mail according to their Return policy to process the refund which will be returned to them.
3.How does a partial refund affect payments?
The payment plan is automatically adjusted after notification of the refund. If the refund amount is more than a quarter of the total order, the fourth installment payment is eliminated and the rest of the amount is charged to the customer in the third installment.
4.How to Return an item purchased with Afterpay?
To return items purchased by Afterpay, the customer has to contact the merchant and also has to make timely payments on the purchases till the merchant processes the return.
