Keeping this in view, what is Afterpay day sale?
The AfterPay Day August sale is live for the next 48 hours, offering you huge deals and savings on all your favourite brands and retailers. What's more, every single one of these deals is covered by AfterPay, so you can shop now and pay later.
Secondly, what is AfterYAY day? AfterYAY Day offers huge discounts to shoppers who spend up large online and pay using AfterPay's buy now, pay later service. Retailers involved include The Iconic, Peter Alexander, Tony Bianco, Novo Shows, Mac Cosmetics, Seafolly, Glassons, Bonds and Lee.
Keeping this in view, how does Afterpay sale work?
Afterpay allows you to purchase products online or in store and instead of paying the cost upfront, you pay it back in four fortnightly instalments. The money is automatically taken out of your account on payment day.
How much does AfterPay cost?
Most of Afterpay's revenue comes from its 43,000 active merchants. It's been reported that Afterpay charges them a $0.30 fixed transaction fee plus a commission between 3% and 7% on each sale, which is considerably higher than what they're charged by banks to process other payment types.
