I see you have a few posts on this thread and are obviously not a fan. I had not heard of afterpay before this thread, but I checked them out and I agree they are a predatory lender. Some people obviously feel differently, but I don't see (other than a bit of nice branding) how they are different than Money Mart or Easy Home or anyone else that gives you money you don't have, but makes sure to collect it one way or another.
Like I said elsewhere, people should be free to make their own choices, but this is certainly not a business model to be applauded.
Does this also apply to Visa, Mastercard, Apple Pay? Giving out a loan is by itself not predatory. It's the interest rate and other collection practices which make it so. Afterpay looks to have basically the most consumer friendly terms in the industry right now, so I'm not sure what exactly classifies them as predatory?
Like I said elsewhere, people should be free to make their own choices, but this is certainly not a business model to be applauded.