The sale kicks off today and runs through to Sunday, with Afterpay revealing that fashion and beauty are the most popular categories the buy now, pay later service is used for.Consumers are also likely to spend $150 on average, according to Afterpay.“Shoppers can now enjoy all the deals they’ve come to love across a massive four-day period both instore and online,” EVP of Sale ANZ and Global Instore at Afterpay, Rachel Kelly, said.But they’ve been urged to not break their budgets“Financial counsellors are seeing more and more people with buy now, pay later debts and we’re really worried about that because it’s really easy to get in over your head, because the requirements on them to assess affordability are just not adequate,” Financial Counselling Australia CEO, Fiona Guthrie, said.Afterpay requires users to make the first payment upfront, and while the BNPL provider reserves the right to conduct a credit check but users won’t necessarily face one.“Buy now pay later providers tell you it’s about better budgeting, but it’s not that at all, it can make it much harder to manage your money,” Ms Guthrie said.“People end up with debts across multiple providers, all with different timings on when they need to be paid.”Ms Guthrie said of particular concern were consumers in tight financial positions who paid down their buy now, pay later debts on their credit cards.“When that happens, you might end up not being able to pay down your credit card,” she said.Financial comparison website Canstar’s group executive of financial services, Steve Mickenbecker, said he encouraged shoppers to connect their Afterpay account to their debit card.“That at least implies you have the money there and it’s not going onto debt that might linger for a long time,” Mr Mickenbecker said.He said BNPL payments should only be made on credit if the consumer knew they could pay off the debt on their card at the end of the month.He also encouraged shoppers to indulging in Afterpay Day sales to check their items weren’t being sold cheaper elsewhere.A recent Canstar survey of more than 2000 Australians aged 18 and over found almost half of respondents would consider using BNPL to service a purchase.Electronics was the most popular category they would consider using it for, followed by furniture, appliances, clothing and homewares.Forty per cent of respondents who said they would consider using BNPL said they would do so to avoid paying interest on purchases, while 36 per cent said it would help with cash flow management and budgeting. Of those who said they would not use BNPL, almost half said they would not purchase something unless they had the money to pay for it upfront. BEST AFTERPAY DAY DEALSFASHIONCountry Road: Further 20 per cent off reduced itemsKristin Ash: Ase code 20FORYOU at checkoutP.E. Nation: Up to 40 per cent offI.AM.GIA: Up to 70 per cent off selected stylesUrban Outfitters: 15 per cent offTigerlily: 20 per cent off full priced items over $100Bally: 20 per cent off with code APMAR2021Kate Spade: Up to 50 per cent off select stylesCoach: Up to 50 per cent off select stylesShona Joy: 20 per cent off selected stylesLee Matthews: Extra 20 per cent off with code EXTRA 20Lacoste: 25 per cent off full priced styles with code AFTERPAYFurla: Up to 50 per cent off selected stylesBailey Nelson: 20 per cent off non-prescription sunglasses with the code AFTERPAY20ASICS: Up to 25 per cent off selected styles online and in ASICS Syndey, Melbourne, and Brisbane CBD stores onlyBeginning Boutique: 25 per cent off site-wideFree People: Up to 60 per cent off winter stylesGorman: 20-60 per cent off storewideThe Iconic: 25 per cent off Jo Mercer: 25 per cent off storewideMESHKI: Up to 70 per cent off online warehouse sale – with an extra 20 per cent off for Afterpay DayModibodi: 25 per cent off Seamfree productsada + lou: A further 30 per cent off all sale itemsThe Outnet: Up to 80 per cent off clearance stylePretty Little Thing: 10 per cent off using code AFTER 10 from Thursday to Sunday; 15 per cent using code AFTER15 on Thursday and Friday, 6-10pmPrincess Polly: 20 per cent off site-widePlatypus Shoes: Up to 40 per cent off selected brandsAcademy Brand: 25 per cent offBOOHOO (AU and NZ): 50 per cent off plus extra 10 per cent off with the code AFTERPAYNasty Gal (AU only): 60 per cent off everythingThe Athlete’s Foot: Up to 40 per cent off selected stylesGlue Store: 25 per cent off everything instore and online (excluding some styles by Nike and PE Nation)BEAUTYAdore Beauty: 20 per cent off selected brandsEvo Hair: 15 per cent off sitewideMAC Cosmetics: 15 per cent off all productsSkin Republic: Spend $75 and save 30 per cent offYSL Beauty: Spend $50 to save 15 per cent with code AFTERPAYLancome Australia: Purchase two products to receive the third freeBody Blendz: 25 per cent off one-time purchases with code AFTERPAY25Bodi Sands: 30 per cent offSephota: Choose three deluxe samples when you spend a minimum $120, online and in-appHOMEWARES/TECHAdairs: up to 30 per cent offSheridan: up to 30 per cent offMocka: up to 25 per cent off selected productsFreedom: up to 25 per cent off sofas and furnitureSamsung: up to 20 per cent off with code AFTERPAYDyson: up to 30 per cent offBing Lee: Up to 20 per cent off Samsung tables and other applianeskikki.K: Between 20 – 60 per cent off storewide with code AFTERPAY DAYLove Honey: Up to 70 per cent offMircosoft: 15 per cent off selected Surface Laptop Go devicesShaver Shop: Up to 80 per cent off selected itemsBrosa: 20 per cent offeBay: 20 per cent off a range of sellers when you spend a minimum of $50, checkout with Afterpay and use the code PAPDY20



Source link