Afterpay, Stripe partner to offer ‘Buy Now, Pay Later’ payments for merchants

Afterpay, an Australian payments platform, announced that it has partnered with Stripe, a technology company that builds economic infrastructure for the internet, to offer Afterpay's payment service to Stripe merchants through an easy and seamless integration.

The integration will enable both new and existing Stripe merchants to easily offer Afterpay, which gives their shoppers the opportunity to receive their items immediately and pay in four installments, without the need to take out a traditional loan or pay upfront fees or interest. Businesses on Stripe can start accepting Afterpay in minutes—there's no application, onboarding, or underwriting process to get started.

"Stripe is delighted to partner with Afterpay to make it easy and fast for online businesses to offer their customers Buy Now, Pay Later. We've seen strong demand from users around the world for flexible payment options, and this partnership gives businesses on Stripe an effective tool for capturing more sales and reaching new customers," said Noah Pepper, Stripe's Business Lead for APAC.

"Millennial and Gen Z consumers are demonstrating a clear preference for flexible payment options that allow them to budget and spend responsibly," said Ben Pressley, Afterpay's SVP of Global Sales Strategy and Operations. "By partnering with Stripe, we're equipping retailers with the tools to meet this consumer demand -offering the younger generation a way to use their own money and pay over time, always free of interest.”