Afterpay and Square
Afterpay is a buy now, pay later (BNPL) payment option that allows customers to pay for their purchases over time with transparent spending limits. Customers can choose to pay for in-person or online orders in four interest-free installments over six weeks. With Square Invoices, customers can choose to Pay Monthly over 6 or 12 months for larger online purchases, with interest. If you're eligible to accept Afterpay on your Square account, you can process Afterpay payments:
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 installments or if your customer makes a late payment.
Afterpay rates are fixed and do not vary by subscription type, hardware, or custom pricing.
Enable or Disable Afterpay
To enable or disable Afterpay for in-person transactions on Square POS app and Square Appointments app, you can enable/disable Afterpay directly from your app or online Square Dashboard.
If you're using Square Restail POS, Square for Restaurants POS or Virtual Terminal, visit Payment Methods via a web browser to enable/disable Afterpay.
Once you've enabled Afterpay, customers can pay in-person via their Afterpay Card on Square POS, Appointments, Retail, Restaurants and Invoices app. Customers can also pay via Virtual Terminal, Square Online and Square Online Checkout.
Afterpay and Square FAQ
Read the following articles to learn more about Afterpay acceptance: