Afterpay us – now known as the Afterpay Cash App – it is now a purchase application, and later payment (BNPL) allows you to make purchases and post payments in four installments. There are no interest fees, and as long as you pay on time, there are no fees. It also provides division loans carrying an interest from three to 12 months to buy $ 100 or more.
But the limits of its spending on the low side compared to applications such as confirmation, PayPal and others, with a maximum of only $ 600. In addition, it receives interest rates of 35.99 % on its long -term plans. Some customers complain that it has acquired a few of its best advantages – such as not paying in advance – and they usually have to refuse to agree randomly on purchases.
We have 15 options for sites such as my distance
If after the right fit, use this table to compare similar BNPL applications. We have also included cash advance applications in our list if the money is preferred to credit.
| Faru (Cash Prix) | 20 dollars to $ 500 | $ 1.40 to 40 dollars transfer fees | 15 to 30 days | immediate | no |
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| Claus (cash advance) | Up to $ 750 | free | Even the next salary | From 1 to two days work or a moment for a fee | no |
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| Mypay (Cash Prix) | Up to $ 500 | free | Even the following deposits | Within two days or a moment for a fee | no |
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| Brigitte (cash advance) | $ 50 to $ 250 | 8.99 dollars to 14.99 dollars/month | The next payment day, but it can extend | From 1 to 3 working days or immediately with a distinguished subscription or for a fee | no |
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| Cleo (Critical Prix) | It reaches $ 250 | $ 5.99/month | Within 14 days, it can extend | From 3 to 4 days or on the same day for a fee | no |
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| Dave (cash advance) | Up to $ 500 | It reaches 5 dollars per month | The next payment day or the nearest Friday | Up to 3 working days or a moment for a fee | no |
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| Suggestion of cash application (Cash advance) | Up to $ 1,000 | 5 % of pre -amount | Usually within 4 weeks | Day | Yes |
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| Confirm (BNPL) | $ 50 to $ 20,000 | 0 % to 36 % | Pay 4, or up to 60 months | When buying | no | |
| Perpay (BNPL) | Up to 1000 dollars, the initial extent of the spending | 0 % | Up to 6 months | When buying | Yes | |
| PayPal in 4 (BNPL) | $ 30 to 10,000 dollars | 0 % to 35.99 % | Pay 4 or 3 to 24 months | When buying | no | |
| Clarna (BNPL) | No limits in advance | 0 % to 33.99 % | Pay 4, within 30 days, or 6 to 24 months | When buying | Yes | |
| Sezzle (BNPL) | Up to $ 15,000 | Service fee reaches $ 7.49, 0 % to 34.99 % | Pay in 2 or 4, or up to 48 months | When buying | Yes | |
| BNPL code (BNPL) | Different | 0 dollars to $ 78 | Pay 4 or 8 installments | When buying | Yes | |
| Split (bnpl) | It depends on the balance available for your credit card | 0 % (but your credit card prices and fees are still applied) | It differs from the merchant | When buying | no |
How to compare after that
Like many similar applications, AfterPay does not receive benefit if you pay your balance in four installments. It can be used in a wide range of merchants, whether in the store or online. It also has the option for the longer payment conditions if you need it. But the boundaries of spending are less than some competition, and monthly installment rates can rise to 35.99 %.
Positives
- Short -term loans free of interest
- A wide range of shopping options
- It is possible to fund up to 12 months
cons
- Late fees are paid
- Low spending limits
- High rates on longer payment plans
Why do you choose the BNPL app?
The use of the BNPL app can be a great way to perform purchases without having to reach the total cost in the introduction. Most applications do not impose use if you use the “Payment in 4” option, although there may be a small connected service fee. It is widely available, is usually easy to qualify for it and usually requires soft credit examination.
But it can sometimes lead to excess spending, and if you choose a longer payment period, payment rates may reach 35.99 % – which is more than most credit cards – and does not provide access to cash.
Positives
- Fund -free financing in the short term
- It is easy to qualify for
- It is widely available
cons
- The fees may be fees
- No cash access
- High rates for longer conditions
Why the cash advance applications may be a good idea
The main feature of the BNPLS cash advance applications is access to criticism. For example, if you need gas money today or help to cover the rent, the BNPL application will not take a trick. In addition, there is no credit examination of qualification and usually no benefit or late fees. But you may need to pay for a monthly subscription, and most of the cash applications receive fees for transfers on the same day.
Positives
- Access to criticism
- There is no interest or late fees
- No credit examination
cons
- It may require a monthly membership
- Fast conversion fees
- Usually smaller loan sums
- Suggest up to $ 500
- The cash advance for up to 30 days
- Immediate conversion with fees
- There are no subscription fees or membership
- Perform up to $ 150 a day, with a maximum of $ 750 between payment days
- No credit examination
- There are no monthly fees or benefit
- Connect the bank account to reach the cash advance
Other alternatives
If Advance Cash or BNPL does not work for you, think about these alternatives.
- Personal loan. Thanks to large loan amounts and longer conditions, the personal loan may be appropriate. It requires a difficult credit check, but the degree of decent credit will help you qualify for a competitive price.
- Bad credit loan. Less borrowers with less credit degrees may want to consider these lenders who have more leniency requirements.
- 0 % credit card. If you can qualify, 0 % preliminary cards offer interest -free financing for up to one year or more.
- Unification loan. Do you use BNPL and Cash Advance applications because there is no other field on your credit cards? You may want to think about uniting your high debts in one loan at a lower price and only one monthly payment.
- Except for that. The delay of a large purchase can lead to you can pay the money to keep you out of the debt and give you time to make sure it is what you really want.
Related questions
What is the best alternative to that?
It depends on your needs. If you are not looking for any attention or fees at all-W-2 employee-it may be an application like Perpay. Or if you need more spending, think about sites like confirmation or PayPal.
Which is better – Claarna or after that?
It may be possible to borrow more with Klarna, and provide longer loan terms – for up to two years, for 12 months for payment. KLARNA also has slightly lower rates on long -term payment plans. But both applications can be used in hundreds of retailers, both of which receive late fees.
Can you have two accounts after payment?
No, you can only get one account after payment at one time.
Can I get multiple loans after breaks?
You can get multiple loans from your PeardPay account as long as you are within your spending limit, but it is not clear number. The company says that trying to borrow more than you are eligible for results in the purchase.
How can I increase my spending limit after that?
As your payments continue to pay on time and build a date using after that, you may be eligible to raise your spending limit. However, some customers say they have faced a problem in obtaining their borders despite meeting all standards.
