We’re delighted to announce that all Australian retailers using Spiffy Stores can now offer lay-by type payments in their store using Afterpay… the latest craze in buy now – pay later services.
Afterpay offers simple, flexible instalment plans for online shoppers. Customers can choose how and when they pay for an order. After bursting onto the payments scene in 2015, they were listed this year on the ASX… achieving much in a short time. According to our latest available information, Afterpay now serves over 1500 merchants and over 250,000 consumers.
For consumers, Afterpay offers simple, flexible instalment plans for a period of 6 to 8 weeks. The purchase cost is split to 4 equal instalments paid every 2 weeks (for new customers the first instalment is due at the time of purchase, for existing – after 2 weeks). Late fees are applied to the consumers who don’t pay on schedule.
For merchants, Afterpay assumes the consumer credit and fraud risk. Funds are transferred to a merchant’s bank account within 48 hours.
Now that Afterpay is available, retailers using Spiffy Stores can now provide shoppers the ability to pay for items in fortnightly payments just by enabling Afterpay in their store’s preferences.
Afterpay joins a suite of over 60 payments options already available on the Spiffy Stores commerce platform including PayPal, as well as instant credit card payment gateways such as BPoint, eWay, Fat Zebra, Merchant Warrior, Payment Express, Pin Payments, SecurePay, and Stripe to name a handful. These services are all ready and available for use in all Spiffy Stores, allowing merchants to set them up effortlessly.
If you already have an Afterpay merchant account, it’s easy to set up your store to accept Afterpay payments. Just head over to our knowledge base for step-by-step instructions on setting up Afterpay in your store. For more information about Afterpay, visit their web site at https://www.afterpay.com.au