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Afterpay Limited (abbreviated as Afterpay) is a multinational financial technology company owned by Block, Inc., best known for its buy now, pay later (BNPL) service. It was founded in Australia and also operates in the United Kingdom , Canada , the United States , and New Zealand .
Afterpay charges higher late fees than Klarna. For purchases under $40, late fees may incur a maximum of 25% of the original value. For purchases over $40, Afterpay applies an initial $10 fee ...
Block, Inc. (formerly Square, Inc.[ 9]) is a U.S. listed company founded by Jack Dorsey and Jim McKelvey in 2009. It is a financial technology conglomerate. The company reportedly serves 56 million users and 4 million businesses, and processes payments worth US$ 228 billion annually as of 2023. [ 10][ 11][ 3]
There are several BNPL apps, including Afterpay, Klarna, Affirm and Zip. What is the best buy now, pay later program? If you're looking to use BNPL on a large purchase, consider PayPal's Pay in 4.
(Molnar is the co-founder and former co-CEO of Afterpay, which Block acquired in 2022.On Aug. 1, Block promoted Molnar to head of sales, reporting directly to Dorsey. )
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