When the kids were little and the purse strings were tight I was a huge fan of ‘Layby’. It made shopping for new season wardrobes and pieces for the home very easy indeed. The mid year toy sales always had a huge queue at the layby counter, Mummas everywhere ensuring Christmas wishes came true all while paying off the big spend in instalments. I know a few of you are nodding 🙂 These days we have ‘Afterpay‘. We also have Zip Pay and Open Pay which are similar.
But what is Afterpay? I’ve received so many messages from you about the virtues of Afterpay and even some asking how the heck does it work?…so I’m here to help. Afterpay is similar to layby except you receive your items before they are fully paid for. You still have to pay, but you enter into a comtract to pay in agreed fortnightly payments.
Here’s how you do it
When purchasing online select Afterpay as your payment method, log in and choose which card you will pay from. Your purchase is then broken down into four equal instalment payments and the first one is deducted at the time of purchase from your selected credit or debit card. Happy days.
I remember a few years back working for a fashion label who had a system similar to Afterpay, when it launched is was hugely popular. It’s great for the retailer because there are no laybys sitting in the back room or reminder notices to send. There’s aslo no return of ‘old stock’ that’s been sitting in said packages for 6-8 weeks.
It was also fabulous for the customer because they could select the items they needed (wanted) to create their new season wardrobe ALL at once. There was no waiting, no feelings of missing out or juggling several laybys.The best bit was they could actually wear their new garments from the start of the season and get better dollar per wear value from their purchase.
So I see the good in Afterpay, but beware as with all systems you could potentially get yourself into trouble too. If you have too many Afterpay purchases on the go you could find yourself having trouble making the repayments, so my advice is to stick to a maximum of two on the go and be sure you can afford the repayments.
So who is Afterpay good for?
-Ladies returning to work and in need of a new work wardrobe
-Ladies who have had a big shift in body size (larger or smaller)
-preparing for a baby
-People who like to nab new season pieces before they sell out
-People who get paid monthly
-people preparing to undertake exercise and in need of new workout gear
-helping a child set up home
-preparing for events like Christmas, birthdays and the like.
-people who are good at keeping their bank balance and budget in check
Who is Afterpay not good for?
-people who compusively shop to fill a void in their lives
-people who are NOT good with their budget
Some of my favourite online stores with Afterpay
Taking Shape (open pay)
Uberkate (zip pay)
Have you used Afterpay (or similar)? Got any tips you would like to share in the comments or even your favourite store with Afterpay?
Til next time,
Post contains some affiliate links. Read more on my Disclosure Policy.