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#Buy Now Pay Later #Payments

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Afterpay is a buy-now-pay-later service that allows consumers to purchase goods and services from participating retailers and pay for them in four interest-free instalments over six weeks. It operates as unregulated credit, with late fees applicable for missed payments. Afterpay lends a fixed amount of credit to customers, who must be at least 18 years old and a permanent UK resident, excluding the Channel Islands.