Can You Use Afterpay On Amazon?

If you’re contemplating shopping on Amazon, you might be thinking about options for payment. So, can you use Afterpay on Amazon? The quick answer is – Amazon accepts various types of payments. However, it doesn’t accept Afterpay.

Amazon is among the most well-known eCommerce platforms.

The vast selection of products and quick shipping time make this one of the most efficient and easy ways to obtain all the items you need to be delivered directly to your doorstep.

It does permit other options for split payments.

Let`s find out more.

TABLE OF CONTENTS:

1. Can You Use Afterpay On Amazon?
2. Why Doesn’t Amazon Accept Afterpay?
3. What Is Afterpay?
4. Are There Any Restrictions On Afterpay?
5. What are the Benefits of using Afterpay?
6. What Are The Disadvantages Of Using Afterpay?
7. Amazon After Pay Alternative
8. What Online Retailers Accept Afterpay?

Can You Use Afterpay On Amazon?

Afterpay is a one-time-use credit card to pay for your purchase, like a normal credit card. Then, you will make weekly payments according to the amount you have spent with the card.

Unfortunately, Amazon is still not accepting Afterpay in 2022. Instead of Afterpay, Amazon provides special finance for Amazon cardholders or customers who purchase Kindle E-readers and Fire tablets. Customers can also use Afterpay on Alexa devices from retailers such as PetSmart, Forever 21, Bed Bath & Beyond, and many more!

In addition, Amazon customers can use Pay-in-4 on Amazon via its Klarna and Zip applications.

Even though the Afterpay payment option isn’t offered through Amazon’s website or at checkout, this option is still viable to use and purchase the items you require without having to pay a large upfront price.

Why Doesn’t Amazon Accept Afterpay?

In essence, Amazon does not accept Afterpay as it’s not worth the cost for the giant e-commerce retailer.

Many stores are selling Afterpay to attract customers and offer more flexible payment options.

Many home and clothing retailers are using Afterpay and have found it to work effectively for customers. In contrast, Amazon does not have to depend on the Afterpay payment platform to draw customers. Amazon boasts millions of loyal customers who have proved they’ll buy even when there is no option to pay with Afterpay.

It doesn’t mean that Amazon will not provide Afterpay in the near future.

It’s unclear how significant Afterpay will be and if consumers’ demand and activity drive Amazon towards more flexible payment services.

What Is Afterpay?

Afterpay is an online service that lets customers purchase items today and pay them off later or in time. It allows you to make an expensive purchase that could require the sum of a huge amount of money and break it down into smaller, more manageable installments.

Numerous payment providers give similar payment options. However, many prefer Afterpay due to its reliability and being safe and simple to use.

Afterpay is similar to credit cards or another form of a loan. However, the terms are different, as is the annual interest.

Instead of accumulating an outstanding balance on your credit card, you’re given the time to pay off a specific amount.

After you’ve paid it back, the amount you borrowed will rise.

Afterpay uses a credit or debit card you choose to store on file and then makes weekly payments regularly.

Are There Any Restrictions On Afterpay?

You cannot continue to make purchases using Afterpay if you have an unpaid amount or are owed money for the previous purchase.

You won’t be able to add additional items to your order or place another order if you are in arrears on your payment.

When you are ready to open your account, you’ll have to supply a debit or credit card. It cannot be a prepaid card and must be in your name.

There are other restrictions on the amount you can spend. You will receive an amount to pay after you have set up your account. One way to increase your amount is to settle the balance you owe or the remaining balance from your initial purchase.

Every time you complete a purchase, your spending limit increases.

If you do not pay your bill, you’ll be charged the late fee, which must be paid upon making the next payment.

What are the Benefits of using Afterpay?

A fast and easy approval process

Making an account with Afterpay can be so easy that you can do it in just a few minutes. 

There’s no reason to fret about the credit score using Afterpay.

While your data will be scrutinized as confidential, you are not required to give your social security number or other data, which could result in pulling your credit score.

There’s virtually any effort required to sign for a membership, which is one of the main benefits of the platform. It’s designed to register at the counter when you’re near to paying.

Note that everyone has an initial spending limit, and you can increase your spending limit by repaying every purchase on time.

Seamless store integration

One of the greatest benefits of Afterpay is that numerous retailers have this payment option integrated into their sites.

So all you need to do is select the option to pay with Afterpay while at the checkout and then log in to your account.

It’s fast and simple and lets you shop at numerous shops without worrying about obtaining your credit or debit card.

It’s simple for anyone to utilize Afterpay at the stores they love that accept it.

Zero Interest Fees

There are no interest-based fees to be concerned about Afterpay.

The only cost is when you fail to pay or make the payment late.

A fee of $10 is added to the remaining purchase balance.

Some credit cards carry a high-interest rate (more than 20%), meaning it could cost you much more money to place something on your credit card than using Afterpay to complete the purchase.

Staggered payment plan

It’s difficult to keep the focus to set up and adhere to your payment schedule and stick to it, which is why Afterpay will help. It allows you to pick from several payment options.

This will allow you to decide which timeframe will work best for you and ensures that you’ll be able to pay on time without having to pay the cost of late fees.

You can decide to pay for your purchase every week or choose the bi-weekly option, which allows you to make payments every two weeks.

All you have to do is ensure there’s enough money in your account, or you’ll be charged an additional $10 late fee.

A good alternative to a credit card

According to an Afterpay study, the millennial generation is 37% less likely to utilize credit cards than the older generation because they consider them expensive and risky. Similar research found that millennials are turning to purchase now, paying later, and other products to manage their finances.

Also, there’s no credit check, and you don’t have to worry about whether your approval impacts your debt-to-income proportion on your credit record.

You’ll still be able to make payments for things you need. However, you don’t need to use your credit card.

Buy now, pay later option

When you cannot afford enough money to purchase something expensive but need it and are eager to save for it, Afterpay is an option to pay for the purchase today and in the future.

It could be useful when you are in an emergency or require urgent help and need to pay for it in one of the most cost-effective ways.

What Are The Disadvantages Of Using Afterpay?

Encourages impulse spending

The most significant red flag against Afterpay is that it may promote poor spending practices. Platforms such as Afterpay can be a game changer for customers who shop impulsively because you can bring your purchase home and have it before you’ve paid a dime.

The main question you should consider is: Will you be content paying off the gown in four weeks after it’s a long time ago in the bottom of your closet? It’s probably not.

Late payment fees

Late fees are among the biggest sources of income for Afterpay.

Although one late payment might seem to be nothing to worry about, if you do not pay all of your bills and you are late, it could add to the $10 for each payment.

This can lead you to spend most of your money to cover the cost of the purchase.

In certain instances, you will have to pay more late fees than you are charged for the product you bought.

For example, if you do not have enough funds for the automated payments and your card is declined, you’ll have 24 hours to sign into your account and make the payment due. After the initial $10, a further $7 will be charged when you don’t make the scheduled date within 7 days of when the date is due. Failure to complete all four repayments on $300, for instance, could result in being paid up to $68 in late costs.

You cannot Pick the Payment Date

Some may like that Afterpay will choose your payment schedule for you, whereas others prefer having the cash taken out on a date they are certain they have funds to take out, such as payday!

Unfortunately, it is impossible to pick specific dates for your payment – as opposed to personal loans or credit card payments. 

It will be automatically deducted from the debit or credit card every two weeks or once a week.

Your card may be debited if you cannot pay for your purchase.

If your transaction is refused, this late cost will be added to your credit card.

If you’re paid on specific dates or have additional charges and expenses that you’d like to reduce, it is impossible to change the due date for Afterpay.

In conclusion, the inability to choose the payment date puts your account in danger of overdraft, possibly late charges at the banks, or even your Afterpay payment not going through. You have to pay the late fee/s until it happens. Whatever the case, you could open your wallet to additional fees than you need or would like to.

Can affect your ability to apply for loans

Although Afterpay is useful when used responsibly, it can also encourage spending money you don’t have.

There are stories of applicants being turned down for mortgages because they had been spending too much money using UberEats and had an unpaid balance on Afterpay.

Although Afterpay does not require a credit screening or impact your credit score, banks consider “buy now and pay later” as a credit line since you’re borrowing money you do not have. They will consider your purchases, other financial obligations, debts, and the risk of your profile before deciding whether they should approve an unsecured home loan.

Spending Limits

We could say that this is both a benefit but also a hindrance. 

If you’ve got something in your mind that you’d like to buy, using Afterpay does not mean you’ll receive sufficient money to complete your purchase.

Many people are so eager to use these accounts that they overlook the initial purchase they intended to make and buy something they don’t require simply because their spending limit lets them.

Inability to make payments in time may make it difficult to raise the spending limit.

Many people also notice that despite being able to pay for several purchases, their spending limit never rose.

Afterpay seems quite inconsistent with how the spending limits are set and when they’re increased. This could be a source of frustration for customers.

Amazon After Pay Alternative

What is ZipPay, and can I use it on Amazon?

Both ZipPay, as well as ZipMoney, are supported by Amazon.

ZipPay gives credit with no cost for purchases that exceed $1,500. 

ZipMoney gives credit for shopping up to $3,000 during the duration of a restricted interest-free period that lasts for six months.

To make use of an account on Amazon Australia, you must follow the following guidelines:

1. Click on the payment Method of Pay Off after you have selected the product you want to purchase.
2. Click on “Pay at Your Pace.”
3. Select “Add the Zip Account” from the page that opens.
4. Enter the mobile number registered for your Zip account and click “Get Verification code.”
5. After that, you’ll receive an individual code on your phone that will be valid for 5 minutes.
6. Enter the verification number in the provided column and click “Verify.”

Once verified, Zip will appear as an alternative to pay whenever necessary.

You will also have the opportunity to choose between ZipPay and ZipMoney. The balance you have available will be displayed to you.

Can I Use Affirm On Amazon?

Amazon has joined forces with Affirm to provide financing on specific Amazon products.

You simply select Affirm as your payment method while at check-out and sign in to your account.

Your payment and contact details should be listed on your account’s page, which means you will not need to fill in lengthy forms, or even give your credit or payment details when you check out using this method.

Affirm only works for purchases of more than $50. You must have the approval of the purchase amount before you can finance it.

What Online Retailers Accept Afterpay?

Many stores across America accept Afterpay, particularly those that sell cosmetics or clothes! The list of merchants includes 7400 spread across 50 states and is growing daily.

It’s simple to locate Afterpay-enabled retailers of clothing that span the world, including Forever 21, Levi’s, UGG, Pacsun, Old Navy, and many others. 

Although the retailer sells thousands of affordable home items, those who prefer to buy now and make a payment later may prefer container Store and Bed Bath & Beyond since both offer Afterpay.

If you’re looking to purchase immediately and later be able to pay in the future, Steve Madden, Crocs, Pandora, and various other brands have Afterpay.