If you’re an avid fan of handbags offered by Telfar but on a budget, you might be curious to know if you can use a Buy Now Pay Later (BNPL) option like AfterPay for your shopping. While Telfar offers unique and stylish designs, those handbags are not always cheap. And if you can split those purchases in easy-to-manage installments with AfterPay, why not?
That’s why I’m here to answer the burning question: Does Telfar accept AfterPay? Having experience with these services, I still had to do a bit of research to get to this answer.
PS: I don’t recommend BNPL if you have the habit of buying things you can’t afford. You have to repay those installments in time and use this option only as a cash flow management tool. A survey by Lending Tree shows 23% of BNPL customers have regretted financing a purchase this way.
For retailers across the board, the option of delayed payment is gaining steam. Telfar is no exception and does offer BNPL options.
Whether you’re a seasoned Telfar shopper or just curious, keep reading to find out if Telfar and AfterPay are a match made in heaven.
So let’s get to the meats and potatoes of this post.
Does Telfar accept AfterPay?
No, unfortunately, Telfar does not accept payments via AfterPay. We confirmed this with their customer care. But Telfar does offer an alternate option in the form of Klarna, which is a similar Buy Now Pay Later Service, that allows you to pay with four interest-free payments over six weeks.
PS: With some services, you can get away with this limitation by using Apple Pay as the payment option on the merchant website and using the AfterPay Plus card as the default card inside Apple Pay. However, Telfar even does not accept Apple Pay, so you don’t have any luck there.
So now let’s talk about Klarna stacks up against AfterPay and how you can use it for your shopping at Telfar.
Using Klarna as an alternative to AfterPay at Telfar
Klarna as a digital payment platform/app is easy to set up and use. Just visit the Telfar website and pick out what you want to buy. Go to your cart, click “Check Out,” and under “Payment,” Select “Klarna- Flexible Payment” as your preferred Klarna payment method (choose between pay now, financing, pay in 30 days, pay in 3 or 4 installments). The amount charged is based on the payment plan you select.
First-time users must set up an account through the Klarna app or website.
1. Log in to the app or website
2. Fill in your personal data
3. Complete the identity verification
4. Connect your bank account, debit card, or credit card with Klarna, to be used for paying off the installments
Your application decision with Klarna is immediate. The approval decision does include a soft credit score check, but it will not affect your credit score.
Klarna vs. Afterpay: How does it compare
Klarna and Afterpay take several factors into account when deciding to approve a new customer. A soft credit check is one of those factors.
Klarna and Afterpay payments are always interest-free when you pay in four installments and make on-time payments. If you miss a payment both companies will add the cost of the missed payment to your next bill. Klarna will add a fee of $7 and Afterpay will add $8 to your next bill.
Now one common cause of complaint with Klarna is that it limits the purchase power based on your credit score and can also ask you to pay a higher first instalment at times.
Klarna and Afterpay allow customers to receive items today while breaking payments into four equal installments due every two weeks. You’ll never pay more than your purchase amount if you make your payments on time.
You can also shop in-store with the Klarna App. Telfar does not have a storefront, but there are rumors that one is coming to the USA!
Alternative Buy Now Pay Later Options you can use at Telfar
So apart from Klarna which is a confirmed payment option you can use at Telfar, there are some options you can explore.
These are
- Zip (Earlier called QuadPay)- which advertises on their website that you can make their service for purchases at Telfar if you use their App.
- Affirm– Another alternative BNPL option you can consider is Affirm. Here, you have the option to use Affirm virtual card, which you can explore to use at just about any store (at least that’s what Affirm says on their app)
| Feature | Klarna | AfterPay | Affirm |
|---|---|---|---|
| Amount Due at Purchase | 25% | 25% | As low as 0% |
| Repayment Terms | Pay 25% every 2 weeks | Pay 25% every 2 weeks | Dependant on the loan type |
| Interest | 0% | 0% | 0% / 10% / 30% |
| Credit Check Required | Soft credit check | Soft credit check | Dependant on the loan type |
| Late Fees | $7 | At least $10 and up to 25% of the purchase price or $68 (whichever is less) | None |
| Popular Brands Available | Bed Bath & Beyond, Macy’s, Sephora, Nike, H&M | Bed Bath & Beyond, Old Navy, Forever 21, Pandora, UGG | Peloton, Target, Pottery Barn, Walmart.com |
| Other Financing Products | Pay in 30 days or finance for 6 months | None | Virtual card numbers, Affirm Savings Account, Affirm Debit+ card |
Wrap Up
So, unfortunately, you don’t have the option to use AfterPay at Telfar yet. But that does not limit your ability to use BNPL using other apps like Klarna, Zip, etc. Regardless of what app you use to split your payments, always make sure you don’t overspend and pay off all your installments in time. Always look at the total price of the product and don’t be swayed by the 1/4th installment amount.
