short-term, unsecured installment loans that allow consumers to make purchases immediately and repay the balance over time. Transactions are typically split into four payments over a six-week period, including an initial upfront payment of approximately 25% of the total purchase price. Repayments are interest-free, but late fees may be applied if scheduled payments are missed.

Revenue model

Afterpay generates revenue primarily by charging merchants transaction and payment processing fees for offering the service to customers.

1.Previous
3.Next