Shopping for your clothes and other products is now simple, thanks to Afterpay. This is a financial platform that allows you to shop and pay in four bi-weekly installments (Buy Now and Pay Later).
Afterpay was formed in 2015 and is currently operating in Australia, U.S., U.K., Canada, and New Zealand. In the U.K., Afterpay is known as Clearpay. As of now, it has millions of customers and thousands of merchant partners in the stated countries.
Afterpay doesn’t have additional fees, which means it’s 0% interest-free. But to secure the merchant’s payment, you have to provide your financial details. But, for your information, Afterpay is not the only platform. There are others. So, today you will know the best alternatives to Afterpay.
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10 Best Alternatives to Afterpay
1. Viabill
Are you in the U.S. or Denmark and looking for an option for Afterpay? Then Viabill is the alternative to choose. Viabill has been operating since 2014 and has enabled millions of merchants and customers to sell and buy products through the buy now and pay later system. First-time customers get a $300 limit, and you get to pay in four installments. Go to Viabill and learn where you can shop from and register.
2. FuturePay
Online shopping is the trend currently. But having high-quality products and an easy-to-use e-commerce store is not all. We have FuturePay that allows your customers to buy products and pay in installments.
The best payment method to use for this technique is FuturePay. This is because you can integrate it with your Shopify, Magento, and WooCommerce store. FuturePay has flexible payment terms and low charges.
3. Splitit
Imagine buying a product and splitting the payment into twenty-four installments. This is what you will get when you decide to sign up for Splitit. Similar to Afterpay, you get a chance to buy products and pay later.
Using this platform doesn’t lead to interest fees as it is free for all customers. All you need is to go to Splitit register and find a shop near you to shop from.
4. Klarna
Unlike Afterpay centered on physical stores, Klarna offers to buy now pay later option to such stores and online shops. Klarna’s headquarter is in Stockholm, Sweden. But it also operates in Spain, the U.K., Switzerland, the U.S., Norway, Netherland, Germany, Italy, France, Belgium, Finland, Denmark, Australia, and Austria. I
t has been operating for the past 15 years and has over 250,000 merchants and 90 million active customers. Additionally, Klarna has an app that you can use to sign in to your account.
5. Zip Pay & Zip Money
Another simple buy now pays later platform is Zip Pay. Other than the web, you can download its application and use it. Zip Pay is interest-free, and to get an account, and you need to apply.
They scrutinize your application before verifying you. This is to ascertain you can pay for products you buy using this method. Since 2013 it has enabled over two billion secure transactions. It has over two million users in Australia and New Zealand.
6. QuadPay
Visit any QuadPay supported store and get to buy a product and pay in four installments of six weeks. This platform offers you a Visa digital credit card that you can use in any retail shop.
For ease, you should download the QuadPay app either on your iOS or Android device. With QuadPay, you are not limited to particular products. You can buy shoes, electronics, jewelry, and much more.
7. Laybuy
Buy and pay in six installments over six weeks with Laybuy. This Afterpay option is available for the U.K., Australian, and New Zealand residents. There are no hidden charges, but when you fail to buy one installment, you will get a penalty of about $10. Like Afterpay, it has a mobile application that you can download on App Store or Google Playstore.
8. Atokes
Atokes is more reliable than Afterpay due to its credit score feature. As a new user, your account is classified under bronze credit level. This rewards you with a maximum of six payment installments. But as you continue using and paying on time, your credit level increases. The other credit levels include;
- Silver – 7 maximum installments
- Gold – 8 maximum installments
- Platinum – 9 maximum installments
- Diamond – 10 maximum installments
Visit Atokes to learn more about their buy now pay later option.
9. Affirm
Another Afterpay alternative is Affirm. Unlike Afterpay and others that don’t charge their customers and offer a short payment period. Affirm allows you to pay for your product in twelve to eighteen months. This depends on your financial ability.
But it comes with a cost. You will pay interest for the product. I recommend you use Affirm when buying expensive household items.
10. Sezzle
Our final Afterpay alternative is Sezzle. With this buy now pay later platform, you get four installments in six weeks. The installments are interest-free. Sezzle has over 29,000 retailers, and you can shop for anything. Like Afterpay, you can download their app on your Android or iOS phone.
Conclusion
The above are the ten best Afterpay alternatives you can use. Pick your suitable option and enjoy the buy now pay later system.
