Afterpay Launches New Brands as Consumers Turn to BNPL to Reduce Summer Spending Stress
Journeys,
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“We want to make shopping at Journeys, in store and online, as easy and convenient as possible for our customers and expanding our payment options is one of the ways we can do that. The addition of Afterpay will provide the Journeys’ customer with a new and flexible buy now pay later payment option,” said
As prices remain high in many consumer categories, Americans are looking for more ways to budget and save for their summertime activities. With the ability to spread purchases out in installments, BNPL was rated by 4 in 51 users as an effective solution to alleviating financial stress throughout the payment journey.
“During a time when consumers are price sensitive, they need reliable payment solutions that can help them get access to the economy while stretching their money as far as they can. Afterpay can do both as a money management tool that empowers budget-conscious consumers to pay flexibly for the things they want and need across a broad range of merchants,” said
Afterpay has customer protections built-in to the platform to prevent consumers from overextending themselves and revolving into debt such as freezing accounts after one missed payment and capping late fees. As a result, 98% of all Afterpay Pay in 4 purchases incurred no late fees and 95% of installments were paid on time.2
Download the Afterpay app on iOS and Android to get access to all available merchants.
About Afterpay
Afterpay is transforming the way we pay by allowing customers to buy products immediately and pay over time - enabling simple, transparent and responsible spending. We are on a mission to power an economy in which everyone wins. Afterpay is offered by thousands of the world’s favorite retailers and used by millions of active global customers. Afterpay is currently available in
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1 Morning Consult’s
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