Afterpay records biggest-ever quarter as shoppers go online during COVID-19 lockdown. 9News
"Given the ongoing impacts from COVID-19 and the uncertain global economic conditions, we have continued to focus on preserving capital and maintaining a strong balance sheet," said Mr Eisen.
"Our ongoing investment in growing our retailer and customer bases, and global expansion objectives, will ensure we continue to deliver long term benefits to our shareholders."Afterpay is a buy now, pay later model that allows shoppers to break up the total cost of their purchase into smaller payments.Specifically, Afterpay works by breaking up the cost of your item into four instalments, which are due every two weeks.
If customers miss an instalment payment they will be charged a late fee that starts at $10 and is capped at 25 per cent of the item's purchase price or $68, depending on which is less.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO reviewing scientists' concerns over airborne spread of COVID-19The World Health Organisation is reviewing a report that suggested its advice on the novel coronavirus needs updating, after some scientists said there was evidence the virus could be spread by tiny particles in the air.
Read more »
Hospital admissions for COVID-19 triple as three healthcare workers test positiveThe number of people in hospital with coronavirus in Victoria has more than tripled in a week, but hundreds more remain at home recovering from milder bouts of the virus
Read more »
Hospital admissions for COVID-19 triple as three healthcare workers test positiveThe number of people in hospital with coronavirus in Victoria has more than tripled in a week, but hundreds more remain at home recovering from milder bouts of the virus
Read more »
Students to study COVID-19 in real-time with new uni courseStudents will study the evolution of coronavirus vaccines and public health responses to COVID-19 in real-time next semester, as part of a new short course at the University of Sydney | natassiazc
Read more »
Qld nightclubs under investigation for COVID-19 breaches | Sky News AustraliaQueensland Police are investigating a number of nightclubs which reportedly broke coronavirus restrictions as patrons were found to be dancing at venues at the weekend. \n\nNightclubs were allowed to reopen as part of the state’s easing of restrictions however patrons were required to sit and listen to music and not dance on dancefloors in a move to maintain social distancing protocols. \n\nIndividuals could face a $1,300 fine if found to be breaking restrictions with businesses looking at a much larger fine. \n\nOnly one active case of the virus was reported in the state. \n\nImage: News Corp Australia
Read more »
The Australian soldier helping keep Timor-Leste safe from COVID-19The young nation has had only 24 cases of the virus and no deaths. Its strategy has a lot to do with Lt Col Dan Gosling.
Read more »