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Objective Analysis: Psychology of using BNPL, page-114

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LPLATER77

64 Posts.

16

31/07/20

22:58

Post #: 46231295
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Originally posted by PigsMightFly: ↑

The late fees can NOT exceed the cap of $68 of total late fees (meaning both $10 & $7 late fees together)
or 25% of the order. Whichever is less!!

Try reading the T&Cs instead of shooting of your mouth:

If a payment is not processed on or before the due date, late fees will apply – initial $10 late fee, and a further $7 if the payment remains unpaid 7 days after the due date.

So a minimum of $17 if you're one week overdue

For each order of $40 or above, the total of the late fees that may be applied are capped at 25% of the original order value or $68, whichever is less.

https://www.afterpay.com/en-AU/terms-of-service

The fees are per order (not the total). They do not include extra late fees for being 7 days overdue.

Expand

OMG

late fess possible

$10 LATE FESS for missed scheduled installment
$7 LATE FEE for one week past missed installment

$17 per missed installment + week overdue
(17×4=68)

"Once the cap is reached, no additional late fees will be applied to payments associated with that order"

please tell me your not saying a single order of $100 can be charged $25 + $7 for first missed installment and past 1 week. So wrong!

APT Price at posting: $68.54 Sentiment: Buy Disclosure: Held
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