Do spend limits encourage me to spend more than I can afford?
At Afterpay, we're committed to helping you spend responsibly. Our spend limits start low, and gradually increase over time with consistent on-time payments. We send reminders via email and text to help you stay on track with your payments. If a payment is missed, we pause your account, preventing further purchases until your balance is up to date. If you're struggling with payments, we work with you to create a plan at no extra cost. Our goal is to foster a community of responsible spenders.
Do I get a high spend limit to encourage more spending?
No, Afterpay doesn’t offer high limits to encourage overspending. New customers start with lower limits, which only increase over time with positive payment history. We assess each order in real-time, ensuring responsible spending based on your account activity. The longer you demonstrate good spending habits, the more likely your limit will increase.
Does using Afterpay encourage bad spending habits?
We're committed to ensuring that you can purchase with confidence while spending responsibly. We review every order based on several factors, including your payment history and time using Afterpay. We do not approve 100% of orders, and approval becomes more likely as you prove to be a responsible user.
What tools are available to manage my spending?
Stay on top of your spending, whilst maintaining your approved maximum limit for a rainy day with just a few simple taps in the Afterpay app. Simply head to Settings in the My Afterpay tab and select Spend cap. You can enter an amount that is below your maximum spend limit, with a minimum of $100. To learn more about spend cap click here.