Accept Afterpay with Square Invoices
With Square Invoices, you can send invoices and estimates and allow customers to pay in installments with Afterpay Pay in 4 or Pay Monthly. Offering Afterpay as a buy now, pay later payment option can help boost your sales and attract valuable customers.
Learn more about Afterpay and Square.
Afterpay Pay In 4
Customers can spread payments of up to $2,000 over four interest-free installments over six weeks. You can accept Afterpay online and in-person via your Square Invoices app or online Square Dashboard.
Afterpay Pay Monthly
Qualified Afterpay customers will be offered an additional Afterpay repayment option during checkout, allowing them to pay for invoices between $400 to $4,000 in monthly installments over 6 or 12 months. Interest is capped and is determined on an individual customer and merchant basis.
Note: Monthly payments work through existing Afterpay integrations and require no additional integration lift, contracts or costs.
View comparisons between the two Afterpay payment options below:
| Details | Afterpay Pay in 4 | Afterpay Pay Monthly |
|---|---|---|
| Payment limit | $1 - $2,000 | $400 - $4,000 |
| # of installments | Fixed at 4 | 6 or 12 |
| Installment cadence | Every 2 weeks | Monthly |
| Customer interest rate | - None if paid on time. - Incurs late fees if overdue. |
- Interest determined on individual and merchant basis (6.99%-35.99%). - No compound interest. - No late fees. |
| Order eligibility | - Order is greater than $1. - Legal resident in one of 50 U.S. states. |
- Order is $400 - $4,000. - Customer is not in excluded states (West Virginia, Nevada, Hawaii or New Mexico). - Merchant is enabled for Pay Monthly. - Order does not include Cross Border Trade or Subscriptions. |
| Customer approvals | - One-time ID verification. - One-time soft credit check. |
- One-time ID verification. </br>- Soft credit check conducted every time a customer wishes to pay monthly (excluding customers who use the option more than once in a 7 day period). |
Add Afterpay to your invoices
From your Invoice Settings tab, you can easily add and edit payment methods on your invoices, including your default invoices template. If you add a payment method to your default template, it will appear automatically on future invoices you create, saving you time.
- Go to Payments > Invoices > Invoices > Create invoice.
- Scroll down to Payment options > select Payment method.
- Check the box next to Afterpay.
- Fill in the rest of the necessary fields to complete your invoice.
- Click Save as Draft or Send depending on whether you want to send an invoice now or later.
- Go to Payments > Invoices > Settings > Invoices.
- Select DEFAULT Square invoice.
- Click Edit in the lower right corner of the page.
- Scroll down to Payment options > Payment method.
- Check the box next to Afterpay.
- Click Save template.
Note: If you do not see Afterpay listed as a payment method in the Payment options section of your invoice, you may have to go to Payment Methods via your online Square Dashboard to enable Afterpay and/or confirm your Afterpay In-Person eligibility.
Afterpay eligibility
To see if you’re eligible for Afterpay, review the details for In-Person eligibility.
Afterpay and Square Invoices FAQ
Accepting payments of up to $4,000 provides further flexibility for your customers and helps you to increase your average transaction size and volume via Square Invoices.
Interest rates are calculated on a per-transaction basis and will be personalized for each customer. There are no late fees or compound interest charged.
If you no longer wish to have monthly payments enabled on your account, you can opt out by getting in touch with our Afterpay Merchant team. Please enter Opt Out of Monthly Payments in the ‘subject line’ of the email that populates and include your first and last name, the email address associated with your account, and the name of your business in the email body. If you have it readily available, you may also include your Afterpay Merchant ID number in the email body to help expedite the process.