Shopify is one of the most popular ecommerce platforms in the world, and for good reason. It’s easy to use, has a ton of features, and is highly customizable. Plus, it’s relatively affordable compared to other ecommerce platforms.
If you’re thinking about starting an online store, Shopify is definitely worth considering. And if you’re already using Shopify, you might be wondering if you can offer Afterpay as a payment option to your customers.
What is Afterpay
Afterpay is a service that allows customers to pay for their purchases over time, in four equal installments. There’s no interest or added fees, so customers only pay what they agree to upfront.
First, Afterpay is only available to customers in the United States and Australia. If you have customers in other countries, they will not be able to use Afterpay to purchase from your store.
Second, Afterpay is a deferred payment service, which means that your customers will not be required to pay for their purchase right away. Instead, they will be able to pay for it in four equal installments, Interest-free.
However, this also means that you as the store owner will not receive payment for the purchase until all four installments have been made. This can cause a cash flow problem for your business, so make sure you have enough funds available to cover any purchases made with Afterpay.
Lastly, there is a risk of default when offering Afterpay as a payment option. This means that if a customer does not make their payments on time, you as the store owner will be responsible for the full amount of the purchase. To mitigate this risk, you can require that customers provide a credit or debit card when using Afterpay. This way, if a customer does default on their payments, you
For example, let’s say a customer buys a $100 pair of shoes from your store. With Afterpay, they would pay $25 today, and then $25 in two weeks, and so on. Afterpay is available for orders between $35 and $1000.
How to Offer Afterpay on Shopify
Adding Afterpay as a payment option on Shopify is easy. Just follow these steps:
1) Log in to your Shopify account and go to Settings > Payments.
2) Under “Alternative Payments,” click “Select additional payment methods.”
3) Scroll down to Afterpay and click “Activate.”
That’s it! You can now offer Afterpay to your customers at checkout. If you have any questions about how it works or need help setting it up, be sure to contact Shopify support.
