Pay Monthly Orders
Pay Monthly orders are subject to a credit check in addition to Afterpay’s proprietary underwriting and risk models that considers both traditional and nontraditional factors. Factors like your repayment history to shopping habits are considered in your spend limit.
Pay-in-4 Orders
You will be shown an estimated amount you can spend when you log into your account or app. The amount you can spend using Afterpay generally changes based on how you use your account. We know that being aware of factors that influence your available spending can help you stay in control of your finances, so we’ve broken down some of those factors below:
Making payments on time
Your Afterpay payment history is an important factor that affects how much you can spend with your account. Here are a few things to look out for that may impact your available spending:
- Tenure since first order
- The frequency of orders made
- Payment source
- On time payments made
- The frequency of on time payments made
- Late payments
- The frequency of late payments
- How late a payment was made
- How often orders get declined due to insufficient funds on the payment method on-file
Just as there are things that might decrease the amount you can spend, good spending behaviour like making payments on time might increase what you can spend with your account.
We’re committed to making sure that our community feels empowered and in control of their finances, so if you’re facing financial hardship and are unable to make payments, contact us to ask about how we might be able to help.
Here are some further insights on how your actions impact your spending limit.
We value loyalty and on time payments
If you’re a new Afterpay user, the amount you can spend will be lower than if you’ve been responsibly using the platform for a long time. Typically, the longer you’ve been using your account—and have made payments on time—the more likely the amount you can spend will increase.
Avoid declined purchases based on insufficient funds
Avoiding declined purchases is one way to help increase the amount you can spend with us in the future. To do this, check your account before making purchases to find out what you have available to spend. You should also make sure that the card you’re going to pay with has enough funds to cover the 1st payment.