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| Name | Afterpay Card How It Works | Buy Now Pay Later App |
| Video Uploader | Video From Sage Finance |
| Upload Date | This Video Uploaded At 27-07-2021 09:00:03 |
| Video Discription | Afterpay card how it works. How does the afterpay card work? Buy now pay later (BNPL) giant Afterpay has released its own Afterpay Card. The contactless Mastercard will be stored in customers’ digital wallets, meaning customers can now tap and pay when shopping with Afterpay in-store. The card is designed to replace Afterpay’s current barcode system, which will be phased out by July 2021. So How does the Afterpay Card work? The Afterpay Card allows customers to shop in-store with Afterpay using their digital wallet. You can set up the Afterpay Card through the Afterpay app. As part of this, you’ll need to add your Afterpay Card to your Apple Wallet or Google Pay. When you’re ready to make an in-store purchase with Afterpay, you’ll need to go via the Afterpay app to open up the card. You can then tap and pay at participating stores where you see a contactless symbol. Afterpay says the payment structure for customers using the Afterpay Card will be unchanged – purchases will still be made up of four equal, fortnightly instalments starting at the time of purchase, with late fees charged for customers who miss a payment. Where can the Afterpay Card be used? The Afterpay Card can only be used at stores that offer Afterpay. Afterpay currently has close to 75,000 retail partners in Australia, and you can find a list of participating stores in the Afterpay app or on its website. This is a different system to some of Afterpay’s competitors, such as Zip and now CommBank. Zip has a partnership with Visa whereby customers can use Zip Pay wherever there is a contactless symbol, rather than just at affiliated retailers. Likewise, CommBank has said customers can use its BNPL card wherever Mastercard is accepted. Afterpay plans to expand into the banking sector mid-year, in partnership with major bank Westpac. The deal will allow Afterpay to offer Westpac savings and transaction accounts and other budgeting tools to its millions of Australian customers. While the Afterpay Card may make it more convenient for some people to use the service, there may be more to consider for people who are already struggling to get their BNPL spending in check. #Afterpay #AfterpayCard #BNPL #APT #APTstock #Business *None of this material is meant to be construed as finance or investment advice, it's for education purposes only. The video is accurate as of the posting date but may not be accurate in the future.* 5s7SaqpR4cg |
| Category | Education |
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