Afterpay
Afterpay is a Buy Now Pay Later service that lets customers split purchases into four interest-free installments. Afterpay pays merchants upfront, assuming credit risk while providing instant approval at checkout.
Afterpay is a Buy Now Pay Later service that lets customers split purchases into four interest-free installments. Afterpay pays merchants upfront, assuming credit risk while providing instant approval at checkout. Customers repay Afterpay over time via linked cards or bank accounts. Merchants benefit from higher conversion rates, increased AOV, and access to a credit-averse demographic seeking short-term, fee-free installment financing. Ideal for retail, fashion, beauty, and consumer electronics.
payment methods
What Afterpay costs
Merchants do not pay Afterpay directly. Each payment provider that offers it sets its own rate, so compare a few and ask them to quote.
What it will not onboard
Afterpay publishes which kinds of business it will and will not take. A category below the line is not a maybe — it is a declined application, whatever the coverage says.
Will not take (27)
- 5967Adult content and services
- 9223Bail and bond payments
- 7995Betting and casino gambling
- 5993Cigar stores and stands
- 4411Cruise lines
- 6051Cryptocurrency exchanges and wallets
- 5966Direct marketing — outbound telemarketing
- 5962Direct marketing — travel
- 5963Door-to-door sales
- 5122Drugs, drug proprietaries and druggist sundries
- 6012Financial institutions
- 6011Financial services
- 7802Government-licensed horse and dog racing
- 7801Government-licensed online casinos
- 7800Government-owned lotteries — US region only
- 6300Insurance underwriting and premiums
- 6010Manual cash disbursement
- 4829Money orders and wire transfers
- 6540Non-financial institution, stored value card purchase and load
- 5933Pawn shops
- 6211Security brokers and dealers
- 7841Video tape rental stores
- 5521Car and truck dealers, used only
- 9211Court costs
- 9222Fines — government administrative entities
- 9950Intra-company purchases
- 9311Tax payments — government agencies
Will look at, with more information (23)
- 5960Direct marketing — insurance services
- 7012Timeshares
- 8398Charitable and social service organisations — fundraising
- 5169Chemicals and allied products
- 8641Civic, social and fraternal associations
- 7321Credit reporting agencies
- 5964Direct marketing — catalogue merchant
- 5965Direct marketing — combination catalogue and retail merchant
- 5969Direct marketing — other
- 5968Direct marketing — subscription
- 7394Equipment rental
- 7011Hotels, motels and resorts
- 8111Legal services and attorneys
- 5592Motor home dealers
- 5199Nondurable goods
- 5172Petroleum and petroleum products
- 7829Picture and video production
- 8651Political organisations
- 8999Professional services
- 8661Religious organisations
- 2842Specialty cleaning
- 9405US federal government agencies or departments
- 4900Utilities
Checked 19 October 2026. Source Categories change, and an acquirer can refuse a business whose code is not on any list. Confirm with Afterpay before you build.
What the last check found
Merchant category rules added. Afterpay publishes, through Stripe, a list of merchant category codes it will not take and a second list it will consider with more information. That is the question a high-risk merchant actually has, and almost nobody publishes a comparable answer to it.
Checked against Afterpay’s own documentation on 19 October 2026. Coverage changes; confirm anything you are about to build on.
People at Afterpay
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Sources · 1
- Stripe Docs — Afterpay and Clearpay payments · docs.stripe.comUsed for the five merchant and customer countries, the presentment currencies, domestic-only availability, per-country instalment limits, the prohibited and restricted MCC table, and the 120-day refund and dispute windowsChecked 19 October 2026
1 source · last checked 21 October 2026 — each one says which claim it supports.
Compiled from public sources — verify with Afterpay before you sign anything. How we compile this · Suggest a correction ·