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Buy Now, Pay Later

Buy Now, Pay Later (BNPL) is a form of short-term financing that lets customers pay for purchases in installments instead of all at once. The BNPL provider pays the business the full amount upfront (minus a transaction fee), and the customer then pays the BNPL company over time. This gives clients financial flexibility and ensures your business gets paid immediately.

Getting paid with Buy Now, Pay Later is seamless. Simply select it as a payment option when you send your invoice through FreshBooks. When your client receives the invoice, they can choose to pay over time with Affirm and go through a quick, transparent approval process. The best part? You'll receive the full invoice amount immediately, so you can keep your cash flow steady while your client enjoys the flexibility of paying over time.

Buy Now, Pay Later with Affirm is available as a payment method exclusively with FreshBooks Payments powered by Stripe, subject to eligibility.

With BNPL, the provider (like Affirm) assumes this risk. As the business owner, you get the full amount of the invoice upfront, minus a transaction fee, regardless of whether the client makes payments to the BNPL provider on time. Your cash flow is protected.

Affirm is a Buy Now, Pay Later option that lets eligible clients split an invoice into smaller, scheduled payments over time. Depending on the invoice amount and eligibility, clients may see Pay in 4 (interest-free, biweekly installments on totals up to $250) or monthly installments (terms can range from 3 to 36 months, with APR varying by eligibility).

They are redirected to Affirm to complete a quick eligibility check, usually within seconds. If approved, Affirm may offer options like Pay in 4 (biweekly payments) or monthly installments, depending on eligibility and purchase amount.

You get paid upfront (minus the BNPL transaction fee), while Affirm handles the repayment schedule with your client. That means you’re not collecting installments or managing payment timing; Affirm takes care of the repayments, and the merchant experience is framed as no risk for BNPL transactions.

For FreshBooks Payments, BNPL with Affirm is listed at 6% + $0.30 per transaction. Clients can use Buy Now, Pay Later on invoices ranging from $50 minimum to $30,000 maximum in CAD or USD. There are also operational limitations: it’s for eligible businesses, requires a fully verified payments account, works on single invoices for the full amount (no deposits/recurring templates), and is intended for B2C where the business and client are in the same country.

Afterpay is a Buy Now, Pay Later option that lets eligible clients split their invoice into smaller payments over time. Most commonly, clients can choose Pay in 4 (four installments over about six weeks). In some cases, monthly installment options may also be available, depending on eligibility and purchase amount.

At checkout, eligible clients will see the Afterpay options available to them for that invoice amount, along with the payment schedule and any applicable terms, before they confirm. Availability and terms can vary based on eligibility and purchase amount.

They’re redirected to Afterpay to sign in or create an account and complete a quick eligibility check (typically in moments). If approved, Afterpay presents the available payment plan options, most commonly Pay in 4 (four payments, paid every two weeks over about six weeks). Where available, monthly installment options may also be displayed, depending on eligibility and invoice amount.

You receive payment upfront for Afterpay transactions (minus the transaction fee), while Afterpay manages the repayment schedule with your client. That means you’re not chasing installments or managing payment timing; your client’s repayments are handled through Afterpay.