How Does Afterpay Plus Work?

Are you an Afterpay customer looking to expand your buying power beyond the retailer’s participating stores? Afterpay Plus, a subscription service offered by the popular buy now, pay later provider, could be the solution you’ve been seeking. This enhanced Afterpay experience allows eligible customers to use the Afterpay digital wallet at almost any merchant that accepts Apple Pay, Google Pay, or Samsung Pay.

Afterpay Plus gives you the convenience of Afterpay’s interest-free financing options across a broader range of purchases, making it easier to manage your spending and stay on top of your payments. With this subscription service, you can enjoy the flexibility of Afterpay’s flexible payment options at a wide variety of merchant partners, providing you with more opportunities to take advantage of the buy now, pay later service you’ve come to rely on.

Key Takeaways

• Afterpay Plus is a subscription service that expands Afterpay’s buy now, pay later functionality to a wider range of merchants.
• Eligible customers can use the Afterpay Plus Card in digital wallets like Apple Pay, Google Pay, or Samsung Pay.
• Afterpay Plus offers increased flexibility and convenience for managing your purchases with Afterpay’s interest-free financing.
• The Afterpay Plus subscription comes with a monthly fee, but can provide additional benefits like higher spending limits.
• Eligibility for Afterpay Plus is determined by Afterpay and may change based on your account status and payment history.

What is Afterpay Plus?

Afterpay Plus is a premium subscription service offered by Afterpay that expands the buy now, pay later experience for eligible customers. This service allows users to utilize Afterpay’s interest-free installment payments not just at Afterpay’s partner retailers, but across a broader spectrum of merchants that accept digital wallets like Apple Pay, Google Pay, or Samsung Pay.

With Afterpay Plus, customers gain the flexibility to use Afterpay’s buy now pay later options across merchants that accept Afterpay mobile wallet, going beyond the traditional Afterpay Plus features and Afterpay subscription service offered at specific Afterpay retail partners. This enhanced Afterpay service comes with a monthly subscription fee of $9.99.

Eligibility and Enrollment

Afterpay Plus is currently available on an “invitation-only basis” to existing Afterpay customers. Eligibility for the Afterpay Plus subscription service is determined based on credit criteria and the customer’s engagement with the standard Afterpay offering. Once enrolled, Afterpay Plus subscribers will be issued a new Afterpay Plus Card that automatically replaces the standard Afterpay Card in their digital wallet.

If a customer chooses to unsubscribe from Afterpay Plus, they will be banned from using the product for 12 months and will revert to their standard Afterpay account, but with limited buy now pay later across merchants capabilities compared to the Afterpay Plus experience.

Eligibility Criteria for Afterpay Plus

To be eligible for the Afterpay Plus subscription service, customers must be existing Afterpay users in good standing with a history of on-time payments. Afterpay evaluates factors like credit history and account status to determine which customers qualify for the Afterpay Plus program.

Afterpay Plus is currently only available to a select group of existing Afterpay customers on an invitation-only basis. Eligibility is determined by Afterpay based on factors such as the customer’s payment history, account status, and creditworthiness.

Eligibility for Afterpay Plus is not guaranteed for all Afterpay customers. Afterpay reviews each user’s account and payment history to assess whether they meet the criteria to upgrade to the Afterpay Plus service, which provides expanded usage of Afterpay beyond the retailer partners.

Key Eligibility Requirements for Afterpay Plus:

• Be an existing Afterpay customer in good standing
• Have a history of on-time payments with Afterpay
• Meet Afterpay’s creditworthiness and account status requirements
• Be invited by Afterpay to join the Afterpay Plus program

Afterpay’s evaluation of a customer’s eligibility for the Plus program is based on a holistic assessment of their Afterpay usage and financial responsibility. Customers who consistently demonstrate reliable payment habits and responsible credit behavior are more likely to be invited to upgrade to Afterpay Plus.

How to Subscribe to Afterpay Plus

Signing up for Afterpay Plus is a straightforward process for eligible customers. The Afterpay app provides the access point to subscribe to the service and add the Afterpay Plus card to your mobile wallet.

Subscribing through the Afterpay App

If Afterpay determines that you are eligible for the Afterpay Plus subscription, you can find the signup option within the “In-store” or “My Afterpay” sections of the Afterpay mobile app. The app will guide you through the steps to enroll in Afterpay Plus and receive your digital Afterpay Plus card to add to your digital wallets, such as Apple Pay or Google Pay.

The Afterpay Plus subscription costs $10 per month, with no additional download or setup fees. Once you’ve signed up, you can start using the Afterpay Plus card to make purchases almost anywhere that accepts digital wallets.

It’s important to note that Afterpay Plus is currently available on an “invitation-only basis,” as the service was soft-launched in August. The initial uptake of the Afterpay Plus card is expected to be driven by a small cohort of Afterpay’s most engaged customers in Australia.

Using the Afterpay Plus Card

After signing up for the Afterpay Plus subscription service, customers will receive a digital Afterpay Plus Card that can be seamlessly integrated into their mobile wallet, such as Apple Pay, Google Pay, or Samsung Pay. This virtual card empowers Afterpay Plus users to leverage the buy now, pay later option for contactless, in-person purchases at a wide range of merchants that accept the supported mobile payment methods.

The Afterpay Plus Card functions similarly to a regular debit or credit card within a digital wallet, enabling customers to tap and pay using the Afterpay buy now, pay later service at any merchant that accepts contactless payments through Apple Pay, Google Pay, or Samsung Pay. This mobile wallet integration provides Afterpay Plus subscribers with the convenience of using the Afterpay Plus digital card for their everyday purchases, expanding the reach of the Afterpay Plus service beyond online transactions.

The Afterpay Plus digital card, when integrated into a mobile wallet, allows Afterpay Plus subscribers to conveniently use the Afterpay Plus service for contactless payments and in-person purchases at a wide range of merchants that support the mobile wallet integration and Afterpay Plus usage.

Afterpay Plus Fees

Afterpay Plus, the subscription-based service offered by the popular buy now, pay later platform, comes with a monthly fee of $9.99. This fee is charged on the date the customer signs up for the Afterpay Plus service and is due each month thereafter. The Afterpay Plus subscription cost provides eligible users with access to the expanded Afterpay capabilities, including the ability to use Afterpay almost anywhere that accepts digital wallets like Apple Pay, Google Pay, or Samsung Pay.

The monthly Afterpay Plus subscription cost of $9.99 is a requirement for customers who want to take advantage of the enhanced features and broader merchant acceptance provided by the Afterpay Plus service. This recurring fee ensures that Afterpay Plus subscribers can seamlessly use the buy now, pay later option across a wide range of merchants and online platforms.

In addition to the Afterpay Plus monthly fee, it’s important to note that the standard Afterpay late fees still apply. These late fees are capped at 25% of the total order value, with a maximum of $68 per order. By carefully managing their payments, Afterpay Plus users can avoid incurring additional charges and maintain a positive credit history.

Spend Limit with Afterpay Plus

The spending limit for Afterpay Plus users is the same as their existing Afterpay account limit. Afterpay determines individual customer spending limits based on factors like payment history and creditworthiness. Afterpay Plus subscribers do not automatically receive an increased spending limit. Their Afterpay Plus available spend will be the same as their current Afterpay account limit, which Afterpay adjusts over time as the customer establishes a positive payment record.

Afterpay sets the spending limit for Afterpay Plus customers based on the same criteria used for their standard Afterpay account. The Afterpay Plus service does not provide an inherent increase in the maximum purchase amount, which customers can view in the Afterpay app.

The key points regarding the Afterpay Plus spending limit are:

• Afterpay Plus spending limit is the same as the existing Afterpay account limit
• Afterpay determines individual spending limits based on factors like payment history and creditworthiness
• Afterpay Plus subscribers do not automatically receive an increased spending limit
• Afterpay adjusts the spending limit over time as the customer builds a positive payment record
• The Afterpay Plus service does not provide an inherent increase in the maximum purchase amount

So in summary, the Afterpay Plus spending limit is tied to the customer’s existing Afterpay account limit, with no automatic increase granted by the Afterpay Plus subscription. Customers can view their current Afterpay spending limit in the Afterpay app.

Where Can the Afterpay Plus Card Be Used?

Afterpay Plus, the subscription service offered by the popular buy now, pay later (BNPL) platform, provides customers with the ability to use their Afterpay account at a wide range of merchants beyond Afterpay’s retail partners. The Afterpay Plus Card functions as a digital payment method that can be added to mobile wallets like Apple Pay, Google Pay, or Samsung Pay, allowing for contactless transactions at any merchant that accepts these mobile wallet options.

However, it’s important to note that there may be some merchant, product, and service exclusions when using the Afterpay Plus Card. While the service allows for Afterpay usage beyond the platform’s traditional retail partners, certain restrictions may still apply depending on the merchant’s policies and the nature of the purchase.

Expanded Merchant Acceptance with Afterpay Plus

• The Afterpay Plus Card can be used at any merchant that accepts Apple Pay, Google Pay, or Samsung Pay, subject to some limitations.
• This includes a wide range of businesses, from local shops to major retailers, service providers, and more.
• Afterpay Plus subscribers gain the ability to utilize the BNPL service in a broader range of transactions, beyond the Afterpay platform’s standard retail partners.

The Afterpay Plus Card’s expanded merchant acceptance provides customers with greater flexibility in where they can use the BNPL service, catering to their diverse shopping and payment needs. As the Afterpay ecosystem continues to evolve, the Afterpay Plus offering aims to enhance the user experience and accessibility of the platform’s services.

Upgrading from Standard Afterpay Card

Transitioning from the standard Afterpay card to the Afterpay Plus subscription is a seamless process for eligible Afterpay customers. When you sign up for Afterpay Plus, your existing Afterpay Card in your digital wallet is automatically replaced with the new Afterpay Plus Card.

This upgraded digital wallet card replacement allows you to continue enjoying Afterpay’s flexible buy now, pay later options, but with the added benefit of expanded merchant acceptance. The Afterpay Plus Card can be used almost anywhere that accepts mobile payment methods like Apple Pay, Google Pay, or Samsung Pay.

The Afterpay account upgrades ensure a frictionless transition for customers moving from the standard Afterpay service to the enhanced Afterpay Plus capabilities. Your payment history, spending limits, and other Afterpay account details seamlessly carry over, providing a seamless experience as you explore the expanded options offered by Afterpay Plus.

Benefits of Afterpay Plus

The primary benefit of Afterpay Plus is the expanded usage it provides. Eligible customers can now use Afterpay’s buy now, pay later service at a much broader range of merchants beyond just Afterpay’s retail partners. This enhanced feature gives Afterpay Plus subscribers greater flexibility and convenience when making purchases.

In addition to the expanded merchant acceptance, Afterpay Plus may also offer other exclusive perks to eligible customers. Depending on their account history and eligibility, Afterpay Plus subscribers could gain access to increased spending limits or special promotional offers not available to standard Afterpay users.

Expanded Afterpay Usage and Enhanced Features

• Afterpay Plus subscribers can use their Afterpay Card wherever digital wallets like Apple Pay, Google Pay, or Samsung Pay are accepted.
• The Afterpay Plus Card replaces the standard Afterpay Card in the customer’s digital wallet.
• Eligible customers can pay a $9.99 monthly subscription fee to upgrade to Afterpay Plus for more flexibility.
• Afterpay Plus subscribers may be eligible for increased spending limits based on their payment history and account status.

Afterpay Subscriber Perks

1. Customers can delay their first payment by up to two weeks on eligible purchases under $500 (excluding gift cards) with the ‘No payment upfront’ feature.
2. Customers can reschedule their next payment by a week up to three times a year to manage their finances better.
3. Consistent on-time payments can lead to benefits like more time to pay and potential spend limit increases.
4. Customers can set a spend cap starting from October 2024 to manage their spending more effectively.

By upgrading to Afterpay Plus, eligible customers can enjoy the convenience of using Afterpay’s flexible payment options at almost any merchant that accepts digital wallets, as well as access to exclusive benefits and features not available to standard Afterpay users.

Availability and Support

Afterpay Plus, the subscription service that allows eligible Afterpay customers to use the buy now, pay later platform almost anywhere, is currently an invitation-only offering. Afterpay determines which of its existing customers qualify for Afterpay Plus based on factors such as their payment history and account status.

Those who are invited to join Afterpay Plus can subscribe to the service directly through the Afterpay mobile app. The subscription fee is $9.99 per month. Afterpay Plus users enjoy the same spending limits as their current Afterpay account, with the added benefit of being able to use Afterpay at a wider range of merchants that accept digital wallets like Apple Pay, Google Pay, or Samsung Pay.

Afterpay provides customer support to assist Afterpay Plus subscribers with any questions or issues related to their subscription management. The company’s focus on transparency and responsible lending is reflected in its high customer satisfaction ratings, with 98% of Australian and New Zealand users rating the Afterpay app 5 stars, and a 4.9-star rating on the Apple App Store.

Security and Fraud Prevention

At Afterpay, we take the security and protection of our Afterpay Plus customers very seriously. We employ robust security measures, including encryption of payment information and real-time fraud monitoring, to safeguard your data and prevent unauthorized access or fraudulent activity.

As a PCI-DSS Level 1 certified Service Provider and an ISO/IEC 27001 certified organization, Afterpay has implemented advanced security protocols to protect your sensitive information. Our fraud detection systems are continuously being enhanced to identify and address any suspicious transactions, ensuring your Afterpay Plus experience remains secure and reliable.

In the event of any suspected fraudulent activity or unauthorized use of the Afterpay Plus service, we have established clear processes to promptly address the issue and mitigate any potential impact. Our dedicated team is committed to swiftly resolving any concerns and providing you with the support and protection you deserve as an Afterpay Plus user.

Source Links

• Afterpay Plus Card
• Payments and Benefits AU
• Buy Now & Pay Later – IKEA & Afterpay
• Financial counsellors sound the alarm about Afterpay Plus | CHOICE
• How it works
• Afterpay Terms of Service – Australia
• Afterpay Bills – Sniip
• Can You Pay Bills With Afterpay? | WeMoney
• Afterpay | Shop Now – Wear Now – Pay It In 4 | boohoo
• Afterpay FAQ | Glow by Daye
• Can You Use Afterpay on Amazon? A Complete Guide
• Afterpay | Now available in stores!
• Staying Safe from scams and fraud
• What consumer protections do you have with ‘Buy Now, Pay Later’ services? Here’s what you need to know