Company Database - AfterPay

Experience first, pay later

AfterPay is committed to helping consumers separate moment of purchase and payment. We guarantee trust and security: we let consumers pay in pace with life. Our Pay After Delivery product comes with five payment options: 14-Day Invoice, Campaign Invoice, Consolidated Invoice, Fixed Instalments, and AfterPay FLEX.

How the payment method works

More information available upon request

Target market

Merchants (fashion, sports, home décor, home improvement (DYI), beauty pharmaceuticals, pet accessories and food, electronics, parking, public transportation, travel, other retail)

Contact details

More information available upon request

Operational area

Central and Northern Europe – Germany, The Netherlands, Sweden, Belgium, Austria, Switzerland, Norway, Finland, and Denmark

Year founded

2010

Investors

More information available upon request

License type

More information available upon request

Reach

Over 100 million consumers across the nine markets.

Acceptance

More information available upon request

Market share

NL: 34% of shoppers have used a PAD solution in the past 6 months (and 18% of all online purchases are made using PAD). 48% of shoppers express an explicit PAD related need.

DE: 31% of shoppers have used a PAD solution in the past 6 months (and 10% of all online purchases are made using PAD). 53% of shoppers express an explicit PAD related need.

Implementation requirements (non technical)

Direct integration or integration via partners (PSPs or ecommerce platforms)

Company motto

Experience first, pay later

Payment type

Buy Now, Pay Later/Instalments/Pay by invoice

All

 

  • Business model: Consumers complete their purchase, while not yet paying for the goods – this can be done later when the consumer is certain to retain the products. AfterPay then sends payment instructions to the consumer. They can pay via the consumer portal/APP or via classical bank transfer. Consumers also have the flexibility to pause a payment or convert it to an installment plan.

  • Payment instruments used: No card needed to start instalment plan. Independent risk scoring. 

  • Credit check: Yes

  • Credit application: Yes, using local standards

  •  Late fees: Dependent on country, order value and step of dunning. Starting at EUR 2,50. 

  •  Interest rates: Starting at 0%

Channels

Online

Yes

POS/In-store

Yes

Omnichannel

Yes

Services

Settlement currencies

Like for like (EUR, NOK, SEK, DKK, CHF)

Processing currencies

Local currency (EUR, NOK, SEK, DKK, CHF)

Currency available for customers

Local currency

Implementation requirements

Direct integration or integration via partners (PSPs or ecommerce platforms)

Chargeback/Buyer protection

We don’t enforce a strict buyer protection policy. Instead, we act as a moderator and ensure a good experience for all parties involved.

Automated and instant refund

More information available upon request

Reconciliation

With each settlement, a reconciliation file is created that includes all references needed for an automated reconciliation process. The reconciliation can also be done via selected partners.

Fraud prevention (measures)/Risk management

AfterPay takes over the full risk of a transaction – both from a credit risk but also from a fraud risk. Deeply integrated risk services can be applied.

Pricing/Fees structure

Per-transaction processing fee (fixed amount) plus processing fee (variable amount on the basket amount before or after returns). No setup fee.

Future developments

More information available upon request

Technology

Integration technology

Direct integration via a server to server API (JSON REST) or via partners (PSPs/ecommerce platforms)

Integration support

Dedicated integration manager as SPOC

https://documents.afterpay.io/guidelines/Technical_White_Paper.pdf

Transaction volume

Number of transactions (per year)

More information available upon request

Transactions value

More information available upon request