New: Square Online and Afterpay join forces offering Buy Now Pay Later options for your buyers

[kellyj]

Square Online is eager and excited to announce our integration of Afterpay, allowing you to offer a buy now, pay later payment option on your Square Online site. Available now, Afterpay lets your customers pay in four equal, interest-free installments over six weeks, while you get paid in full immediately. Learn more here.

Try Afterpay at no extra charge

Through May 10, 2022, you’ll pay the same 2.2% processing fee for Afterpay transactions as you do on all Square Online transactions. There’s no additional setup cost or monthly fee.1 2

Benefits of accepting Afterpay

✔️   Drive incremental sales: Sellers see a 20% increase in cart conversion on average, and more repeat customers.

✔️    Increase average order value: Afterpay lets customers get what they want, when they want it, increasing average order value by up to 40%.

✔️    Attract new customers: Merchants find that 30% or more of Afterpay customers are  new to their brand.

How Afterpay works for you

✔️    Get paid upfront: You'll get paid within days for purchases made with Afterpay.

✔️    Minimise your risk: We take on the risk, including chargebacks and fraud so you can focus on growing your business.

✔️    Receive daily settlement reports: Get access to transactional information that you can use to reconcile or verify orders.

With Afterpay, you’ll never miss out on a big sale.  And unlike other installment platforms competitors, Afterpay doesn’t require additional integration—it’s automatically available as a Square payment option for Square Online, and works out of the box. You’ll  also get paid up front—we assume the risk, including chargebacks and fraud.

More questions? See our support article here. 

Coming Soon: Afterpay will be integrated with more Square products later this year—we’ll keep you posted!

You can enable Afterpay in your Square Online checkout settings here.

Want to try Square Online for free? Learn more here.

Turning on Afterpay means you have read and consented to the Afterpay Terms and Conditions.

Square Beta would like to thank our testers for helping us to get this project started. To test new and upcoming features, payment methods and editions, please join our Beta Community where you’ll have early access to features that are meaningful to your business. Special thanks to these businesses for testing for us! @MsAllure, @Id10t, @callieandco, @hinckswinks 

Get started testing today sellercommunity.com/beta

1. On 11 May 2022, the processing rate for Afterpay transactions will revert to a standard non-promotional processing fee of 6% + 30¢ (excl. GST). You can turn off Afterpay as a payment method in your Square Online Checkout settings at any time.

2. Sellers on the Square Online Premium plan will enjoy a 1.9% (incl. GST) promotional rate on Afterpay transactions until 10 May 2022.

[Pete3805]

the afterpay minimum is a great addition, but why do we have to select a minimum $ for both items and orders? 

many of our products are under $10 and want to have a minimum order amount of $50 for afterpay but the system isn’t letting me do this as the item $ can’t be below the order $

[Seamus]

Hey @Pete3805,

This does seem a little odd - have you tried testing by setting your item minimum at $50 and your order minimum at $50? I'm hoping that what you want to do may actually be doable, and that perhaps the wording in the options is a little unclear.

I'd suggesting trying this, then testing by placing an order that exceeds $50 and is made up of sub-$50 items. I'm wondering if the order total will then override the item minimum value. I tested it out to the point of making a $50+ order of sub $50 items and Afterpay appeared as an option:

Though I don't have an Afterpay account so can't fully test it to conclusion. 

I'd be surprised if an order that exceeded the minimum order value was rejected on the grounds that it was made up of multiple lower priced items. Let me know how you go, I'll also pass this feedback onto our team - it does seem a little confusing!