is ZipPay and AfterPay acceptable for eBay transactions?

[*kazumi*]

Have no idea what they are, do they cost anything to the seller, and does the seller has to sign up for them?

[imastawka]

Ah   

[digital*ghost]

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@nigelmolesworth wrote:

are you for real,that article links AfterPay to pay day loan,even with that type of loan if you are stupid to take out a loan that the interest rate is around %47 plus what sort of fool are they,payday loans are for cash,AfterPay is PRODUCT ONLY, you may have missed in that comment from choice suggests you get a credit card instead of using AfterPay,with credit cards you can get cash and product,I had a credit card years ago and I lost  my employment due to injuries in 1982 and ended up with 3 credit cards and no possibility of future employment I was placed on a disability pension BY GOVERNMENT DOCTORS in 1991 when I was 49yrs,I had apply for a $10,000 bank loan in 2005 and paid off the cards and then the bank loan and am now %100 free of debt since 2009, I now use a debit card and offers like AfterPay when I find stores that accept them,I think I may have had a lot more experience with debt than a hell of a lot of the people leaving comments here.

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I think you are missing the point - the criticisms of Afterpay are not criticisms of the people who choose to use it and do so responsibly, without causing themselves financial hardship - they're criticisms of the pitfalls that make it similar to things like predatory loan businesses.  

I'm sure there are plenty of people who have taken out a one-time payday loan to get themselves out of strife (similar to your car battery story), paid back the loan and moved on without any issue, but there's also plenty who find themselves caught in a cycle of getting loans, paying it back, but getting another loan, and that's the business model such loan operators rely on.

Afterpay may not charge the buyer more to use it, but they charge the merchants and those costs are always passed on to the consumer. One way or another, you're paying more for the purchases to have the convenience of getting items straight away. 

[nigelmolesworth]

you say "bully for you""in 1990 I put the last on my money into a HOME FUND LOAN I was living in Taree,I was on the pension and I had to place %20 of the price as a deposit,interest rate was  at %17.25,repayments were set at %27 of my income plus a $20 payment to the Commonwealth bank for each mortgage payment,the property I purchased was in a Place called Cundletown a few kilometres out of Taree,it was a bit tough with all the other costs,land tax all council costs also water rates,I was struggling but when Keating gave us the recession we had to have the twice a year pension increases virtually stopped I LOST my house,from the deposit of $13600 plus the costs of the 4 years I lived there I recovered $6,800 dollars,you were real lucky,you got your house,if you want to see the pre school now built on the land just google,39 george street cundletown,

[nigelmolesworth]

so is it so difficult to understand that it is not AfterPay's fault that you purchased something that you could not pay for,is it also so difficult to understand, "4 equal payments,1 payment each fortnight for 4 fortnights then it belongs to you? I can only see the fault is yours alone

[davewil1964]

As was said in probably the first reply to this thread, years ago, eBay don't allow those platforms to be used.

Ergo, it doesn't matter what you think, or how disciplined you are, YOU CAN'T BUY USING AFTERPAY on eBay Australia.

Ps: There are plenty of people here who have bigger life issues than you, you just don't know it because it is not relevant to trading on an eCommerce platform. ie eBay.

[padi*0409]

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@nigelmolesworth wrote:

you were real lucky,you got your house,if you want to see the pre school now built on the land just google,39 george street cundletown,

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I certainly wouldn't put it down to luck, I went without a lot of things in those 10 years it took to pay the loan off, and put all my available cash into knocking the loan off.

The house I bought was considerably cheaper than the ones that other friends bought at the same time, where they were stuck with $95,000 motgages I only had one for $62,500. Those friends all lost their houses in the end, partly because they had over-extended themselves and partly because their wives became pregnant and made it impossible to service their loans. 

It was a pretty tough time back then for me, but I came out of it OK, but if I hadn't heeded my dad's advice, I too would have lost my home. I sympathise with your situation, and maybe you were just very unlucky with the way things went for you.

But I am still pretty careful with my money since I'm reliant on my superannuation payments and company pension to fund my retirement, and I would hesitate about buying things through any sort of credit scheme, be it Afterpay or a credit card etc.  

"so is it so difficult to understand that it is not AfterPay's fault that you purchased something that you could not pay for,is it also so difficult to understand, "4 equal payments,1 payment each fortnight for 4 fortnights then it belongs to you? I can only see the fault is yours alone"

Since I'never used Afterpay I don't know what you're on about there.................

[lyndal1838]

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@nigelmolesworth wrote:

you say "bully for you""in 1990 I put the last on my money into a HOME FUND LOAN I was living in Taree,I was on the pension and I had to place %20 of the price as a deposit,interest rate was  at %17.25,repayments were set at %27 of my income plus a $20 payment to the Commonwealth bank for each mortgage payment,the property I purchased was in a Place called Cundletown a few kilometres out of Taree,it was a bit tough with all the other costs,land tax all council costs also water rates,I was struggling but when Keating gave us the recession we had to have the twice a year pension increases virtually stopped I LOST my house,from the deposit of $13600 plus the costs of the 4 years I lived there I recovered $6,800 dollars,you were real lucky,you got your house,if you want to see the pre school now built on the land just google,39 george street cundletown,

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You are certainly not the only person to take on a home loan in the 1990s but it does sound like you over extended yourself.

Council Rates, Water Rates....all part and parcel of home ownership that need to be taken into account before buying.

With your admitted track record of debt and being unable to service that debt I would have thought you would learn your lesson and not take on any more debt

[davewil1964]

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@nigelmolesworth wrote:

so is it so difficult to understand that it is not AfterPay's fault that you purchased something that you could not pay for,is it also so difficult to understand, "4 equal payments,1 payment each fortnight for 4 fortnights then it belongs to you? I can only see the fault is yours alone

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Where did padi say he has even used Afterpay, much less defaulted?

I also got taught at school to actually read things before commenting.

[digital*ghost]

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@nigelmolesworth wrote:

so is it so difficult to understand that it is not AfterPay's fault that you purchased something that you could not pay for,is it also so difficult to understand, "4 equal payments,1 payment each fortnight for 4 fortnights then it belongs to you? I can only see the fault is yours alone

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Again, the issue is the comparison to predatory loan business models. 

They are called predatory because they specifically target poor(er) people who can't afford to buy or pay for things and either make a profit from interest payments, or people (predictably) defaulting on their repayments. 

And your argument is exactly why their business model works and doesn't come under as much scrutiny as it should, because people blame everyone except the predatory loan shark. 

It's easy to draw parallels between those kinds of businesses and what Afterpay offer. It's not about you, your financial situation, or how you use Afterpay. At all. 

[Anonymous]

I am so glad that you follow this principle.

If everyone paid up front ( or saved to pay upfront ) the world would be a better economic place.

Houses and automobiles excluded of course.