Boost Sales with Afterpay: The Ultimate Payment Solution

Table of Contents

1. Introduction
2. Overview of Afterpay
3. Benefits of Using Afterpay
4. Fees for Using Afterpay
5. Enabling and Disabling Afterpay
6. Frequently Asked Questions

1. Introduction

• Welcome to the webinar on using Afterpay with Square Online.
• Important announcement regarding Afterpay activation on eligible Square Online sites.

2. Overview of Afterpay

• What is Afterpay?
• How does Afterpay work?
• Eligibility criteria for Afterpay.
• Range of payments and payment options.
• Interest-free installment payments.
• Afterpay processing fees.
• Afterpay's impact on credit scores.

3. Benefits of Using Afterpay

• Drive incremental sales with Afterpay.
• Increase the average order value.
• Attract new customers.
• Access funds faster.

4. Fees for Using Afterpay

• Processing fees for Afterpay transactions.
• No processing fees for remaining installments.
• Monthly fees and activation costs.

5. Enabling and Disabling Afterpay

• Automatic enabling of Afterpay for eligible Square Online sellers.
• Turning on/off the Afterpay payment option.
• Enabling Afterpay through the Square Dashboard.

6. Frequently Asked Questions

• How to manage refunds for orders paid with Afterpay.
• Risks of using Afterpay.
• Handling late or missed payments.
• Why Afterpay is a good payment solution.
• Integration of Afterpay with Square ECommerce products.
• Temporary pricing promotion for Afterpay.

Using Afterpay with Square Online: A Game Changer for Your Business

Afterpay has become an increasingly prevalent payment method, revolutionizing the way customers shop. As a digital buy now, pay later wallet, Afterpay provides buyers with the flexibility to pay for orders in four interest-free installments. This article will serve as a comprehensive guide to using Afterpay with Square Online, highlighting its benefits, fees, and steps to enable or disable it as a payment method.

1. Introduction

Welcome to our webinar on using Afterpay with Square Online. We are excited to introduce the Afterpay payment option, which will be activated on all eligible Square Online sites starting February 10th, 2022. To learn more about Afterpay's eligibility criteria, visit squareup.com/help and search Afterpay. Let's dive into the agenda to understand what we will cover in this article.

2. Overview of Afterpay

Afterpay is a game-changing payment method that allows buyers to make purchases ranging from $50 to $2,000 in four interest-free payments. However, if the cart total falls outside this range, Afterpay will not be available as a payment option during checkout. By enabling Afterpay on your website, customers can select it as their preferred payment method, and they only need to sign in to Afterpay to complete their order. All installment payments are interest-free, allowing customers the flexibility to manage their finances while making purchases.

3. Benefits of Using Afterpay

Using Afterpay offers numerous benefits for both sellers and customers. Firstly, it drives incremental sales for businesses, as sellers experience an average 20% increase in cart conversion when Afterpay is offered as a payment option. Additionally, Afterpay helps increase the average order value by up to 40%, leading to higher revenue for businesses. Moreover, merchants find that 30% or more of their Afterpay customers are new to their brand, allowing them to attract and expand their customer base. Finally, Afterpay provides sellers access to a large and growing segment of shoppers who prefer installment options rather than incurring credit card debt or interest.

4. Fees for Using Afterpay

While Afterpay offers several advantages, it's crucial to understand the associated fees. Sales made using Afterpay carry a 6% plus 30 cents processing fee on the total purchase amount. However, these processing fees are not applicable to the remaining installments, keeping subsequent transactions fee-free for customers. Afterpay does not charge any monthly fees or activation costs, making it a transparent and cost-effective payment solution for businesses.

5. Enabling and Disabling Afterpay

Eligible Square Online sellers will have Afterpay automatically enabled as a payment option on their Square website. However, sellers have the flexibility to turn this feature on or off at any time. Enabling or disabling the Afterpay payment option on your Square Online site is a straightforward process. By signing into your Square Dashboard, you can access the Square Online Overview page and navigate to the Settings or Shared Settings section to toggle the Afterpay option according to your preference.

6. Frequently Asked Questions

To address common queries regarding Afterpay, we have compiled a list of frequently asked questions and provided detailed answers. These questions cover topics such as refunds for orders paid with Afterpay, potential risks associated with Afterpay usage, handling late payments from customers, and the reasons why Afterpay is a suitable payment solution for your business. We also explore how Afterpay integrates seamlessly with Square ECommerce products, making it easy for sellers to incorporate this payment option.

With the knowledge gained from this article, you are well-equipped to start accepting Afterpay as a payment method on your Square Online site. Remember, Afterpay provides a transparent and user-friendly experience for both buyers and sellers, promoting customer satisfaction and business growth. Don't miss the temporary pricing promotion, allowing you to pay the same transaction fee as other Square Online orders until May 10th, 2022. If you have any additional questions or need further assistance, you can always visit sellercommunity.com or search Afterpay at squareup.com/help.

Incorporating Afterpay into your Square Online business unlocks immense potential, providing your customers with a seamless and flexible payment option that enhances their shopping experience. Get started today and watch your sales soar!