Afterpay and Square
Afterpay is a buy now, pay later (BNPL) payment option that allows customers to pay for their purchases in four interest-free instalments. Merchants get paid in full – immediately. If eligible to accept Afterpay on your Square account, you can process Afterpay payments:
Note: Afterpay in-person acceptance is not yet available in Canada.
Give your customers more payment flexibility at checkout and see how your online and in-person sales can grow.
Afterpay customers spend 40% more per transaction and shop 50% more frequently than traditional customers.
Afterpay drives new business for merchants by sending out over 1M referrals globally every day.
Enabling Afterpay with Square is free – there are no monthly fees or startup costs. The Afterpay processing fee is 6% + 30¢ per Afterpay order across all Square products that accept it.
Square sellers using Afterpay get paid the full amount at the time of purchase, minus a processing fee on the total order.
You only pay when you make a sale – there are no processing fees charged on the remaining instalments or if your customer makes a late payment.
Afterpay rates are fixed and do not vary by subscription type, hardware or custom pricing.
Eligibility for Afterpay online acceptance is dependent on numerous factors, including how your business is structured and what you sell. Eligibility includes, but is not limited to:
Sellers must be in an approved merchant category
Sellers must be based in Canada
Sellers cannot have multiple Tax Identification Numbers (TINs)
Sellers cannot sell restricted digital goods or services
Cross-border orders not supported at this time
We’ll work to expand the availability of Afterpay over time to give more sellers the opportunity to enable it on their sites. Review our Afterpay Merchant Terms for more information on eligibility, merchant categories and more.
Enable or Disable Afterpay
You can enable/disable Afterpay directly from your app or via the Payment Methods tab on your online Square Dashboard.
Important to note
When enabled, the Online option ensures you can offer Afterpay to customers on your Square Online Checkout links. If disabled, customers can’t use Afterpay to check out.
The setting for online payments with Afterpay is global and applies across all Square products that can also take Afterpay payments online. This includes other online platforms such as Square Online and Virtual Terminal. There isn’t a way to disable Afterpay only for Square Online Checkout links at this time.
Afterpay and Square FAQ
Read the following articles to learn more about Afterpay acceptance: