Objective Analysis: Psychology of using BNPL, page-114

First 114 Last

Share
Profile

Follow
LPLATER77

64 Posts.

16

31/07/20

22:58

Post #: 46231295
Share

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
1 Upvote

0 Great analysis

Reply

Top Stories

Wednesday's HotCopper trends: Race RC220 doses, West Mits Qala study | July 23

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

TLX

Telix sinks as US regulator SEC issues subpoena over claims

SYR

Syrah jumps as Mozambique force majeure lifted

First 114 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Objective Analysis: Psychology of using BNPL, page-114

Top Stories

Wednesday's HotCopper trends: Race RC220 doses, West Mits Qala study | July 23

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Japan tariff deal inked at 15% – as long as US gets half a trillion of investment

Telix sinks as US regulator SEC issues subpoena over claims

Syrah jumps as Mozambique force majeure lifted

Featured News