Afterpay Vs. Laybuy

You may have noticed that we have been offering different payment options at checkout, our latest being Laybuy which is quickly becoming as popular as Afterpay. 

We often get asked about the differences between the two and to save anymore confusion, we thought we would explain the differences between the two. 

They are both similar in that they extend a line of credit to consumers and allow the customer to immediately order or purchase their items even if they do not necessarily have the money in their bank account yet. The customer pays instalments to Afterpay or Laybuy after their purchase is already shipped!  

Afterpay has been the leader of the 'Buy now, pay later' concept here in Australia but we have watched Laybuy outgrow it's competitor Afterpay over the ditch in New Zealand so thought we would get amongst it and offer an alternative for our customers. 

“Laybuy also offers two unique features Laybuy Boost which allows customers to buy larger ticket items and Laybuy Global which gives Australian retailers access to our global customer base. We have offered these since day one and are very proud of being the only platform in the world that offers these features,” co-founder Gary Rohloff said in a note issued to Business Insider Australia.

So, what exactly is the difference between Afterpay & Laybuy? 

Similar to a lay-buy payment system, except you receive your order straight away. Afterpay allows purchases up to $1000AUD over 4 fortnightly interest-free automated payments. You must live in Australia, be over 18 years old and have a valid Visa or Mastercard issued in Australia to use Afterpay. Additional fees only incur in the event of late payment. For further information visit:

Laybuy lets you receive your purchase straight away (like Afterpay) and spread the total cost over 6 weekly interest-free automated payments. When signing up to use Laybuy the online system will do an immediate credit check upon signing up which Afterpay does not. This credit check informs and imposed limit by laybuy on your spendning, which means that if you have bad credit history you may have quite a low limit. This can change over time and you still be able to use Laybuy to purchase which is how much you can purchase using Laybuy, based on your credit history.  For more information visit:


Both Afterpay & Laybuy are quick to set up, neither require any account keeping fees, or establishment fees however they both do charge a $10 late fee, 24hrs after any missed payments. If your payment continue to not be paid, Afterpay will charge $7 and Laybuy $10. 

The main difference as stated earlier is the payment schedules, with Afterpay giving you 8 weeks (in fortnightly payments) to repay your purchase, where Laybuy gives you 6 weeks (in smaller weekly payments) to repay your purchase. 

If you're still undecided on which one to use, it's a good idea to consider your spending habits, if you have trouble with repayments, particularly larger ones then the self imposed limit and weekly payment might be best for you. However if you are confident with your spending habbits and wish to make larger purchases Afterpay may be the best option for you. 

It is important to always consider your financial position and carefully consider what you can afford. 


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