Home Tech 11 Best Alternative Apps like Afterpay That You Must Try

11 Best Alternative Apps like Afterpay That You Must Try


In 2014, Afterpay was introduced to the Australian market as an alternative to traditional credit providers. In the UK, it’s called Clearpay, although it’s the same corporation from the same firm.

Before exploring the best Alternative Apps like Afterpay, I want you to know some basic details about some basics functions of these apps.

Let’s get started.

What are Buy Now, Pay Later (BNPL) companies?🤔

The concept of Buy Now Pay Later (BNPL) is simple and has been around for decades, if not centuries: allowing customers to break payments into smaller, more “affordable” installments at the point of sale. So, what’s the big deal now?

BNPL is now redefining the customer journey by effortlessly integrating as a checkout option into e-commerce. It also typically charges no interest and, in certain cases, no late penalties, so client uptake is brisk, particularly among Gen Z and Millennials.

Merchants adore it because, at its core, it’s a technique to increase sales, improve payment checkout conversion rates, and lower interchange fees from debit and credit cards to other payment methods.

As the “new” trendy thing in consumer finance, BNPL is therefore cutting down on the $4 trillion credit card market, but it won’t be easy.

Firepower is not an issue, however: the number of companies in this field has increased from 44 in 2016 to more than 105 in 2021, the VC funding in this space has increased from €150M in 2016 to €3.5B YTD.

With the rise of BNPL companies offering financing options at the point of sale, the concept is becoming more popular amongst entrepreneurs and investors throughout the world. BNPL players have raised over $2.1B in equity fundraising over 20 agreements so far in 2021, a new annual funding record.

The BNPL market is expanding beyond traditional e-commerce categories like clothes and beauty into areas such as healthcare, travel, entertainment, and home improvement.

What is Afterpay?🤷‍♂️

Afterpay is a “buy now, pay later” (BNPL) platform that allows you to buy something now, receive your products, and pay them back in biweekly installments afterward.

You can buy everything from clothes and makeup to drugs and even flights with this app, which launched in 2015 in Sydney, Australia.

As of December 2019, Afterpay was being used by nine percent of Australians, primarily among the country’s younger population. While retailers offering Afterpay may notice a rise in sales, the flip side for customers is the risk of overspending, overcommitment, and debt spiral.

Afterpay is a platform that serves as a go-between for businesses and customers. Once the platform has paid the store upfront for the products, it is the customer’s responsibility to reimburse Afterpay for the amount paid.

To achieve immediate gratification, you’ll have to make four fortnightly payments over a period of eight weeks. These payments are interest-free and equivalent in value for each order. It does not charge interest to merchants who provide the service, but Afterpay does charge merchants and customers who miss payments late fees.

With Afterpay, users don’t have to enter into a loan or credit facility like they would with many other payment options. This may appear to be a benefit to the client, but in reality, it means fewer safeguards are in place for them.

It was discovered in an ASIC study of BNPL schemes that one out of every six customers had trouble keeping up with payments. It’s easy to succumb to the lure of those seemingly insignificant repayments, especially when combined with the immediate gratification of obtaining your products.

With Afterpay, you can make purchases at thousands of retailers while deferring payment and avoiding interest! The process is very similar to the others on our list. Log in with your credit card or debit card to get started.

The only thing left to do is wait for Afterpay to process the payment. Several applications like Afterpay on the market provide the same service but with different plans and retailers. It is not the only one. Let’s get started, shall we?

Best Apps Like Afterpay – Our Top Pick👌👌

1. Klarna -- Shop now. Pay later

Online financial services such as payments for online stores and direct payments are provided by Klarna Bank AB (often abbreviated to “Klarna”).

We ranked Klarna as one of the top Alternative Apps like Afterpay on our list. It gives you the option to pay for your products over time and avoid paying interest.

Best Apps Like Afterpay

Like other applications, Klarna has a four-payment plan that requires 25% of the whole payment up front and the remaining 75% over the course of six weeks. Nevertheless.

There’s also a nice thirty-day payment plan available. This is advantageous since it allows you to test out products before making a purchase decision, and there is no obligation to pay until 30 days have elapsed.

Additional financing options are available through Klarna, but they are the same as using a credit card. As a result, we recommend using them with caution because they may report unpaid bills to credit bureaus, but they do not inform all of your payments.

When you make a purchase that you can’t pay off in 30 days or even six weeks, Klarna offers paid financing solutions, the majority of which are set up as credit cards. 

Depending on your personal information and the shop selling the product, the payment plans you’ll be offered will vary, with monthly installments ranging from six to thirty-three months.

In addition, merchants may conduct special promotions on specific purchases, such as offering discounted or postponed interest.

Download App on Google Play Store

Download App on Apple App Store

2. Sezzle – Buy Now, Pay Later

Sezzle is another app like Afterpay because it allows you to make four interest-free payments over the course of four months.

It’s easy to use and gets applications approved quickly, so customers can shop at more than 27k different stores and websites. Anyone is eligible to apply for Sizzle’s credit, which can be used on any platform.

Customers of participating online retailers can split the payment for their purchases into four installments thanks to the Sezzle e-commerce payment platform introduced in 2017.

The first payment is made at the time of purchase, and the remaining three are payable over the next six weeks at regular intervals.

Best Apps Like Afterpay 1

Sezzle’s service is free for users. Recurring customers who have made timely payments on prior purchases might borrow money to pay for more expensive items.

Customers can use the platform to pay for goods and services at participating retailers by selecting it as an alternative payment method at the time of purchase. The Sezzle app and website allow customers to do more than just browse for products.

Since FICO scores alone cannot be used to accurately determine credit risk, the underwriting system at Sezzle evaluates each transaction individually, considering a variety of parameters such as a soft credit score check, the customer’s order history at Sezzle, as well as the total purchase amount.

Unlike Afterpay, it will have no negative influence on your credit score, making it a great Afterpay substitute. There are a few alternatives for making monthly payments with it.

You will get four interest-free installments to complete your EMI purchase. Due to the split payment system, customers will be able to shop both in-store and online without having to worry about running out of money.

It makes it easier for customers to collect all of their favorite things from offline and in-stores because the total payments will be spread out over a number of months including tax.

If you’re paying in three installments, you’ll have to pay 25% of the entire order upfront (also known as your “down payment” or “first installment”), with the rest due in three weeks. There’s no interest or other charges, and there are no hidden costs. There aren’t any fees as long as you pay your installments on time!

Download App on Google Play Store

Download App on Apple App Store

3. ZIP – Buy now, pay later in four

Zip (formerly Quadpay) is another alternative app like Afterpay that allows you to buy things with a 25% upfront payment and the interest-free balance payments are spread over the following six weeks. There are no annual or hidden fees on the site, but you will be charged if you miss a payment.

Best Apps Like Afterpay 2

Zip payment is incorporated into nearly all popular websites, allowing you to make a payment immediately without having to wait days for clearance. Additionally, Zip has connections with tens of thousands of brick-and-mortar retailers, including those selling food, gadgets, and apparel.

These services are offered to accounts having a balance of less than or equal to $1000. For the first three months, there is no fee for using Zip Money for transactions totaling more than $1000. Zip has around 2 million satisfied consumers in Australia and New Zealand.

Download App on Google Play Store

Download App on Apple App Store

4. Affirm: Shop and pay over time

Affirm is the greatest alternative to Afterpay because it doesn’t impose late fees or other extra fees.

The only difference between Affirm and the other apps on this list is that Affirm only offers 0% interest for a select few stores. There are three payment options to select from three months, six months, and a year.

There are no surprises with Affirm. You’ll know exactly how much interest you’ll have to pay if you have to pay any interest at all. Your credit score will not be affected by the Affirm application process because it is only a soft credit check.

Affirm’s lower interest rates and improved transparency appeal to millennials, while retailers like that Affirm assumes all loan risks. Additionally, retailers’ sales are up due to increased consumer spending.

Rather than waiting weeks to learn if they’ve been accepted, customers simply provide their basic personal information and receive instant feedback.

Affirm looks at more than just a FICO score when determining a borrower’s financial responsibility. It is a great substitute for the app we discussed first, Afterpay.

Download App on Google Play Store

Download App on Apple App Store

5. PayPal

Purchasing now and paying later is now possible thanks to PayPal, the world’s largest payment processor! Using your existing PayPal account is the easiest part because you won’t have to create anything new.

Choose PayPal as your payment method and pay later. There will be a 25% down payment and the remaining 75% will be paid over six weeks after purchase.

Best Apps Like Afterpay 4

When you pay with PayPal, you have the option of selecting which of your bank accounts, credit cards, or debit cards to use. If you opt not to override the default payment method, you will be charged using that one by default.

PayPal allows you to do more than just send and receive money. Any money you get is stored in your PayPal account and can be used to pay for goods and services, with the amount being replenished by your specified cards or bank account.

11 Best Alternative Apps like Afterpay That You Must Try

Alternatively, you can make a money transfer to one of your designated bank accounts or cards. A fee may be charged to your PayPal account when you receive money.

The vast majority of uses are entirely free for you to utilize on a personal basis. Transferring money to friends or relatives using PayPal accounts is completely free, as long as no currency exchange is required.

Download App on Google Play Store

Download App on Apple App Store

6. Nelo

Millennials are familiar with the term Nelo. Payments are made in installments until the stuff is paid in full, at which point it is yours.

When you use an app like Afterpay, you can choose to “purchase now, pay later” and pay in four equal installments over the course of four weeks.

Best Apps Like Afterpay 5

In Contrast to traditional Nelo, the best part is that you get to leave the store with the goods before even completing your first purchase. Payment is made every two weeks, and the total cost is limited to the item’s retail price.

The “purchase now, pay later” option, followed by Apps like Afterpay, transforms this interaction. This isn’t like a standard layaway arrangement in that you’ll get the goods before you make your first payment.

Download App on Google Play Store

7. Perpay – Buy Now, Pay Later, Build Credit

Perpay is financial software that allows customers to buy and pay for items over time with simple, recurring installments. There are no hidden costs, no interest charges, and no credit reports to worry about.

Shop your favorite brands on the PerPay Marketplace, then submit your application for approval after you’ve finished shopping.

Prepay, a financial app similar to Afterpay was created in 2014 and is a financial platform that enables customers to buy certain brands’ products and pay for them in monthly split installments.

11 Best Alternative Apps like Afterpay That You Must Try

It’s a good payday loan substitute where you set up your bank account and allow the app to collect payments from each paycheck to repay the cost of an item.

Because the Perpay staff cares so much about the success of its customers, they read every piece of feedback they receive. Perpay+, the company’s latest credit-building tool, was made possible thanks to this meticulous process, and it’s helping clients gain even more control over their financial destinies.

The social impact-driven fintech startup allows customers to finance large-ticket purchases from its eCommerce marketplaces, such as new furniture or a washer and dryer, depending on their income rather than their credit score.

Each pay period, affordable monthly installments are deducted immediately from the clients’ paychecks, ensuring that consumers never miss a payment or overdraft their accounts.

And, unlike other lending choices for people with bad credit (think payday lenders and rent-to-own companies), there are no late penalties or interest charges.

Download App on Google Play Store

Download App on Apple App Store

8. Onepay – This is all you need

OnePay is another great Alternative Apps like Afterpay that you must try. Several online stores currently offer the OnePay option. For purchases up to $10,000, you can arrange a 12-month financing period.

Once it has verified your information, you’ll be able to shop at any of the retailer partners of OnePay. Start with a payment plan that fits your budget; you’ll pay your first installment while checking out, and any outstanding balance will be paid throughout the following month or week.

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To build your business in one place, OnePay gives you all the fundamental payment features you need, from payments to billing and vaulting to tokenization. There’s no need to go out and get anything else.

The Onepay lifestyle app is built to be secure while also providing simplicity, better interoperability, and consolidation of numerous payment platforms, all of which connect its users and merchants in the ecosystem.

Download App on Google Play Store

Download App on Apple App Store

9. Zebit

Founded in San Diego, Zebit is an eCommerce firm dedicated to improving the lives of more than 120 million credit-challenged Americans.

It gives consumers access to a wide range of products and the flexibility to pay for those things over six months without incurring any additional fees or penalties. Zebit is without a doubt one of the greatest apps like Afterpay for making payments over time on a wide range of goods.

It was introduced in 2015 and is now accessible in all 50 states. Since going public on the Australian Securities Exchange (ASX) in October 2020, the company has raised over $90 million in venture capital funding.

Interested in selling your goods on Zebit? Reach Zebit’s 1MM+ customers, who browse 120,000 products in 25+ categories, including electronics, furniture, home goods, clothes, and much more.

Zebit will provide you with a credit of up to $2,500 that you can use to purchase the things you desire. We don’t charge for membership, and there are no “gotcha” costs.

At checkout, the price you see is the amount you’ll pay, and nothing more. Zebit does not access your FICO® score in any way.

Zebit collects information about you from specialized credit reporting bureaus as part of its verification procedure, although this does not affect your FICO® score. Zebit must be able to verify your identification, your income, and/or work, and you must be at least 18 years old or of legal contracting age. 

Online purchasing should be accessible to all people, regardless of their financial situation. That’s Zebit’s goal. Our goal at Zebit is to become the most trusted eCommerce brand in your wallet, one that everyone can be happy to use and endorse.

10. Earnest

Earnest is a San Francisco-based fintech lender with a focus on education lending, including refinancing student loans and providing private student loans.

Additionally, the corporation looks at an applicant’s credit score (often referred to as a FICO score) to get a complete financial picture of them before making a decision.

“Merit-based lending” is the term used to describe this sort of loan. Earnest is a financial education and investment website. It gives you the opportunity to learn the foundations of money and start saving anytime and wherever you want.

11 Best Alternative Apps like Afterpay That You Must Try

We’ve all watched family and friends struggle to pay for college. As a result, it became apparent that our purchasing habits needed to evolve.

That’s how Earnest entered the fray. Earnest gives all responsible borrowers the chance to continue their education while also repaying their student debts. Student loans, they claim, are created with simplicity in mind.

The software is designed with ease of use in mind, with clear language and an intuitive UI to help you along the way. You can contact the company’s customer service agent by phone, chat, or email if you need additional assistance.

Due to the fact that they treat you as an individual rather than a customer, they work relentlessly to provide some of the most competitive interest rates available.

Download App on Google Play Store

11. Splitit

Splitit, as the name implies, is a wonderful Afterpay substitute for making purchases now and paying for them later. Except for one feature, it’s a lot like the rest of the apps on this list.

Splitit does not charge late fees, interest, or run a credit check. Create an account for free to get started. It’s possible to pay for purchases over time with a payment plan that includes three, six, twelve, or twenty-four equal monthly payments.

However, some retailers restrict the number of payments you can make. Since Splitit does not charge late fees, it’s an excellent Afterpay substitute.

You will be charged for the first installment once Splitit confirms you have sufficient credit to cover your purchase as a whole.

Splitit may place a pre-authorization hold equivalent to your remaining balance, which will show up as a pending transaction on your statement. The authorized amount will decrease as you make additional payments until the outstanding balance is paid as a whole.

Things to keep in mind before using a BNPL platform-

On the surface, “buy now, pay later” (BNPL) services appear to be a tempting proposition. You purchase and then pay it off in predetermined installments rather than everything at once.

This makes dealing with large bills much easier, especially if you don’t have enough savings to pay in full. And, unlike zero-interest credit cards, you don’t need good credit to qualify because no credit check is normally necessary.

Despite the benefits of BNPL, there are a few ways it might get you into trouble. If you’re considering using a BNPL service, you should be aware of how it could cost you money or harm your credit.

1. It makes you want to buy things you don’t need.

Overspending is by far the greatest hazard of BNPL. If you’ve come across BNPL offers before, you’re definitely familiar with how this makes you feel. When an item, such as a tablet or an exercise bike, costs $1,000, you have to ask yourself if it’s really worth it.

However, it becomes significantly cheaper when you consider that you could also purchase it for just $42 a month for 24 months. You’ve still shelled out the cash, however.

Only now will you have to spend the next two years attempting to make up lost ground. Your monthly payments may not seem like much, but that’s money you might be putting into the stock market or a savings account.

Financing a purchase with BNPL can indeed be advantageous. You only have to think about how significant the purchase is to you before you commit to paying it back over the course of several months or years.

2. Late payments are subject to steep fines

If you’re on top of your payments, BNPL will be a good fit for you. You won’t be charged any fees or interest, and the payments will positively impact your credit history. However, if you skip a payment, the deal is off the rails.

You may be charged a late fee if it occurs. The service provider determines the price, and our research on BNPL services revealed wide variations in price.

Some companies, like Affirm, don’t charge late fees. It’s true for the vast majority of people. Paying with PayPal Credit, which charges up to $39, and paying with Afterpay, which charges up to 25% of the initial order value, are the most expensive options.

If you don’t make your payment on time, the service provider may charge you interest. If you miss a payment for more than 30 days, your credit report may reflect this, resulting in a reduction in your credit score.

3. Failure to pay off your debt on time can result in tremendous interest charges.

When you use BNPL, you can pay off your purchase at any time without incurring interest. This, of course, will not continue indefinitely. If you don’t pay in full within the interest-free term, the supplier will impose interest. The bare minimum payment isn’t always sufficient to cover the entire balance owing. It’s critical that you perform the arithmetic to make sure you’re paying the correct amount.

As a result of our research, Affirm (30 percent), PayPal Credit (23.99%), and FuturePay all charged interest: Affirm (a $1.50 financing fee for every $50 unpaid balance).

Those interest rates are excessive even when compared to those of credit cards. The benefits of using BNPL services are undeniable. They provide easy, no-hassle financing with no pre-approval criteria.

These advantages, however, make it easier for BNPL customers to go into debt. It’s critical to exercise caution while making purchases to avoid accruing debt for things you don’t actually require. You should always pay your bills on time and before the interest-free term expires if you utilize BNPL.


It’s nearly impossible to keep a family budget on track in today’s world. Many people are strapped for cash, so they’re always on the hunt for cheaper options and better bargains.

Most people can now shop for thousands of things on a pay-over-time basis using apps like Afterpay and others. However, there are a few things to keep in mind. It’s critical to weigh the interest costs against the benefits of the purchase.

Using services that allow you to spread out your payments over a longer period of time is worthwhile in some cases. Also, keep in mind that they are credit services, so you’ll have to apply and get accepted. If you fail to make your payments on time, it will have an impact on your credit score.

When unemployment is rampant, and people are frequently in debt, it’s nice to have a little leeway on their payment terms. These services offer a wider range of payment options, which is advantageous to both businesses and customers.