Afterpay late fees can be seen as an interest payment (capped at 25% of the original order value or $68, whichever is less) once the time limit is exceeded. This nonsense is constantly repeated as fact on HC. It is $68 per order not $68 in total.
From Choice.
"While the dollar amount of these fees may seem relatively low, 25% is a big chunk of your purchase price and the fees are for each order, so if you miss payments on multiple orders late fees could very quickly add up. If, for example, you had seven purchases on the go up to a value of $2000 and you missed the payments on all of them, you could be charged up to $476, which is not a trivial amount of your money." https://www.choice.com.au/shopping/online-shopping/buying-online/articles/what-is-afterpay
In other words 23.8% in one month.
The same $2000 would incur just $30 in CC interest. The CC minimum payment would be $25 vs $500 for APT.
