How Old Do You Have to Be to Have Afterpay?

Afterpay has emerged as a widely recognized “buy now, pay later” (BNPL) service, allowing consumers to acquire goods immediately and settle the cost over a series of installments. This financial tool provides flexibility by typically spreading payments across several weeks, often without incurring interest when managed responsibly. Understanding the requirements for using such services is important for anyone considering them for their purchasing needs.

Afterpay’s Minimum Age Requirement

Afterpay requires users to be at least 18 years old to open an account and use its services. This age requirement applies across the United States. It aligns with the legal principle that individuals must possess the capacity to enter into binding contracts, which typically begins at the age of majority.

This requirement ensures users are legally accountable for repayment agreements. The age limit is rooted in consumer protection regulations, ensuring individuals can legally consent to financial terms. Financial products, including installment plans, necessitate that users are solely responsible for their accounts and payments.

Other Essential Eligibility Criteria

Beyond age, Afterpay requires several other criteria for eligibility. Users must be legal residents within the 50 United States or the District of Columbia. A valid email address and mobile phone number are also necessary for communication and identity verification.

Users need a valid payment method, such as a US-issued credit card, debit card, or bank checking account, linked to their Afterpay account. A valid residential address in the United States, not a P.O. Box, is also required. These requirements help Afterpay verify identity and ensure the ability to process payments.

Implications of Underage Use

Using Afterpay without meeting the minimum age requirement carries significant implications. Afterpay’s terms of service state users must be at least 18 years old or of legal age in their state of residence. Providing false or inaccurate information during sign-up violates these terms.

If Afterpay discovers an underage account holder, the account may face immediate suspension or termination, preventing future use. While minors generally lack the legal capacity to form binding contracts, any outstanding financial obligations incurred could still lead to complications. Afterpay may pursue the collection of unpaid amounts, and such issues could impact future financial endeavors. Parents or legal guardians may also bear responsibility if a minor uses their information or payment methods without permission.