APP
OF THE
DAY

Afterpay lets you shop and pay later, interest-free.

Afterpay - Buy Now, Pay Later

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Want to buy some clothes but don’t want to pay for them all at once?

You have some flexibility thanks to Afterpay, a service that provides interest-free payment plans at nearly 3,000 retailers including Levi’s, Free People, and DSW.

Here’s how it works: Pull up the Afterpay app, browse through the member retailers, and find an item you love—the fabulous new wet-look eyeshadow or limited-edition sneaker drop. Alongside the price, you’ll see that it’s available in four payments via Afterpay. A retro Jordan release that retails at $270, for example, is available for four installments of $67.50.

Check out using Afterpay—an option clearly marked with most participating retailers—and you’ll pay for it in four parts: one at the time of checkout and three more, one every two weeks. Your item ships just as soon as it would if you’d bought it using a credit card.

Once you make a purchase, Afterpay tracks how much you owe and when it’s due.

Of course, there’s some fine print. 

You must be over 18 and have a debit or credit card to apply (the service uses a proprietary method for approval rather than a traditional credit score). 

Each of the payments is automatically withdrawn on the scheduled date. A few days before, the app will send at least one reminder of an upcoming payment so you’re prepared.

If one of the payments is not processed, you’re charged a late fee, with another charge incurred if payment is not made within a week. Each item has a ceiling on late fees: a quarter of the value you paid for it.