Afterpay, owned by the Afterpay Touch Group, is a popular buy now pay later service in Australia and New Zealand.
To learn about the buy now pay later service in the Netherlands and Belgium, refer to AfterPay.
With Afterpay, the shopper can pay for the goods in four installments. Before approving the payment, Afterpay performs risk checks on the shopper. If successful, Afterpay takes on the full fraud risk for the payment, and pays you up front.
To process payments with Afterpay, you need to apply for a direct contract with Afterpay Touch, which involves going through a certification process with them.
You can also accept Afterpay payments in-store, by using a QR code.
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