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Afterpay vs LatitudePay

Afterpay vs LatitudePay


LatitudePay is the newest Pay Later service on the scene, and we are proud to announce that we now offer it alongside ZipPay, ZipMoney, Laybuy, Openpay, PayItLater, SplitIt, and of course, Afterpay. With so many Pay Later services on offer, it can be difficult to know which is best for you, which is why we have spent some time comparing LatitudePay to one of the most popular services out there.

Here is a quick rundown of the differences between Afterpay and LatitudePay.

The Difference Between Afterpay and LatitudePay


One thing that makes Afterpay such a popular Pay Later service is that they don’t do credit checks. All you need is to be over 18 and have a working credit or debit card to get an account. LatitudePay, on the other hand, does run credit checks. The application process is super quick and easy, and the only things you need to sign up is to be over 18 and pass their credit check, which only takes about 90 seconds. After that, you’re set to start shopping immediately.


LatitudePay approves the bulk of their applicants for purchases anywhere between $150 and $1000. This number will most likely depend on whatever comes back from your credit check. This differs from Afterpay. They generally max debit card users to $500, and credit card users to $1500. 

If you only use a debit card and want a higher limit, LatitudePay could be the best option. If you have a credit card and want a high limit, Afterpay is more likely to deliver.

Payment Plans

Where LatitudePay and Afterpay really differ is the payment plan. Afterpay splits the payment into four, fortnightly, interest-free payments. LatitudePay goes a step further, splitting the payment into 10, weekly, interest-free payments. 

This is a sizeable difference. Instead of paying 25% of your purchase at once, you will only pay 10%, spread over a longer length of time. These smaller, more frequent payments could work better for your budget as they take a much less significant amount out of your account each week.


Neither LatitudePay nor Afterpay charges any fees or interest if you pay on time. The fees only begin to roll in if you miss a payment. A missed payment with Afterpay will result in a $10 late fee, which is then increased by $7 if the payment hasn’t been repaid within a week.

LatitudePay fees work differently. If you miss a payment and your original purchase was less than $50, you’ll get a $10 fee. For purchases over $50, you will incur up to a $50 fee.

As with all Pay Later Services, the basic function of both Afterpay and LatitudePay is to split your payment into smaller, more manageable chunks. Deciding which is better for you will largely depend on the size of the purchases you plan to make and size of the payments you would like to pay back. 

For more articles comparing popular Pay-Later services, check out our Blog.



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