Shoppers can use Afterpay to buy items in select retail stores using their Afterpay card, a virtual, contactless card stored in their digital wallet. Just like using Afterpay online, customers can pay for their in-store purchases in four installment payments, without the need to take out a traditional loan or pay upfront fees or interest.
[CEO of North America:] "… Afterpay customers can now choose either physical or online shopping to buy holiday gifts – which brings new customers and drives more sales conversion to retailers without any additional set-up or integration costs."
Afterpay has found that its customers who shop both online and in-store spend 15-20% more per transaction than online-only shoppers, and shop 66% more frequently. Additionally, retailers typically see a 3x increase in average order values as compared to other payment forms, and a 2x increase in units per transaction.2