Online Rugs | The Rug Lady

Utilizing Afterpay is the latest and greatest way to get new rugs in your home without breaking the bank. More than one million shoppers used the Afterpay system in one month of 2018 alone. That number will undoubtedly increase with time as more shoppers learn how to make the most of this new system. Afterpay can be used to purchase a variety of products, including appliances, electronics, and even rugs.

Rugs onlineThe Afterpay system is a buy-now-pay-later system that may remind you of the lay-by system. The big difference between the two is that when you purchase something with Afterpay you can take it home immediately and finish paying at a later date. In contrast, lay-by requires fully paying off the item before you are allowed to take it home. The normal pay period for an Afterpay purchase is eight weeks.

Afterpay has a lot in common with traditional lines of credit, but with several unique advantages. And since so many stores are now accepting this payment method it is a great time to learn about its benefits and consider using it to make a purchase. Let’s take a look at just a few of the major advantages of Afterpay compared to lay-by or traditional credit lines.

1. No Credit Check

Getting approval for Afterpay is as easy as signing up on their website. The only serious requirements are that you are over the age of 18 and that you have a credit or debit card linked to your account. Once you complete these two registration steps you can begin using the Afterpay system to purchase items from participating retailers.

Since Afterpay does not run your credit score there is no risk of your score dropping because of multiple credit checks. It also means you can have access to a line of credit even if you’ve made mistakes in the past or haven’t taken the time to build a credit report.

This advantage does come with its risks. It is possible for consumers to make purchases that they may not be capable of paying. It’s up to you to make certain you can handle the payments before using Afterpay. Otherwise, you can easily rack up significant late fees and find yourself in debt. Making smart and responsible purchasing decisions is important.

2. No Interest Fees

You may be wondering why you should Afterpay to purchase rugs instead of using your existing credit card. Especially if Afterpay isn’t going to help build your score. One of the major advantages of this buy-now pay-later system compared to a credit card is that it doesn’t come with any interest fees.

There are no monthly fees, lump sum fees, or interest fees attached to your Afterpay purchases. You simply pay the exact cost of the product in a total of four instalments. Each payment takes place two weeks apart. The only possible fees you might incur are late payment fees, but those can be avoided by ensuring your account has the necessary funds to make the payment.

3. Automatic Payments

When you sign up for Afterpay you are required to link a debit or credit card to your account. The card that you choose will be automatically billed for 1/4th of the total cost of the product at each billing date. There’s no need for you to keep up with a payment schedule. Albeit, it could become troublesome if you forget or if you don’t have the necessary funds to make the payment. This is another reason why you must make smart and responsible purchases.

More and more stores across Australia are accepting Afterpay. Many of them accept it online and at the physical store. The Rug Lady is a supplier of high-quality rugs and homeware products that now accepts Afterpay. Visit theruglady.com to view their catalogue and purchase rugs using Afterpay.