It can be tough when you see something you really want but just can’t afford it at the moment. Maybe you’ll be able to get it next month but by then the product might go out of stock.
That’s where Afterpay comes in. Afterpay is a buy now, pay later service that’s useful when you’re short in cash at the moment. Now you don’t have to worry about missing out on an item just because you can’t pay for it in full.
Afterpay has over 100,000 merchants globally and over 10.5 million customers in North America alone. Their customer and merchant base has grown exponentially since their launch in 2014 and has no signs of stopping.
Let’s see if GOAT, one of the biggest online streetwear marketplaces, has Afterpay as one of their payment options.
Does GOAT Have Afterpay?
Yes! GOAT has had Afterpay as one of their payment methods. Customers have been waiting for a ‘Buy Now Pay Later’ service to be available on GOAT for a while now.
Now you can buy your favorite products from GOAT without worrying about full upfront payment. With Afterpay, you can spread out the total cost of an item and pay it over a period of time.
You might be wondering how exactly does Afterpay work, especially on GOAT. We’re here to tell you!
How Does Afterpay Work?
Afterpay allows customers to pay the total cost of an item over four installments spanning 8 weeks. This means that fortnightly payments are made a total of four times, decreasing the amount needed to be paid significantly.
An initial payment of 25% of the price of the item is needed in order to use Afterpay. After this 25% is paid, 4 biweekly payments are automatically debited from your card until the item is paid in full.
How To Use Afterpay At GOAT
At the payment section in GOAT, you will be prompted to select from a few payment methods, one of them being Afterpay. Here is a simple step-by-step guide on how to use Afterpay when shopping at GOAT.
- Select the item you would like to purchase
- Fill out your shipping address and click ‘Continue to Payment’
- Select Afterpay as one of your payment options and click ‘Place Order With Afterpay’
- Enter your email or phone number
- Create an account with Afterpay
Once you have created your account with Afterpay, you’re ready to enter all your card details and make your first payment!
One small difference Afterpay has compared to other ‘Buy Now Pay Later’ services is that Afterpay accepts credit and debit cards.
This might not seem significant but there are plenty of customers that are not eligible for a credit card. Having the option to use a debit card allows more customers to use Afterpay.
What Happens If I Miss A Payment on Afterpay?
If you miss a payment, Afterpay will immediately deny you from making more payments with Afterpay. You will also be charged a $10 late fee for every missed payment.
Don’t worry as Afterpay won’t blacklist you from their service if you’ve missed a payment. All you have to do is pay any outstanding fees and you’ll be able to use Afterpay like normal again.
Afterpay understands if you are not able to make your next payment due to unforeseen circumstances. Just contact them, explain your situation and they will be sure to sort out a solution for you.
As for the late fee, Afterpay is generous enough to give customers a grace period of 10 days after the payment is due. This means that even if you’ve missed a payment, you have 10 days to make it before any late charges are incurred to you.
In conclusion, GOAT does have Afterpay as one of its payment methods. You can use Afterpay to split up the price of your desired products with 4 installment free payments.
Buying things at GOAT has never been easier and stress-free as you don’t have to worry about having the full upfront payment ready. Even late payments are treated with kindness as you’ll have 10 days to catch up on them.
Remember that if you do miss a payment, you’ll be charged a $10 fee, but that doesn’t compare with enjoying your full purchase without paying fully for it.
What other ‘Buy Now Pay Later’ services have you been using? Are these services a good idea? Let us know in the comments below!