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Afterpay

afterpay.com

Afterpay is a 'Buy Now, Pay Later' service that allows consumers to split their purchases into interest-free installments. It integrates with various retailers, enabling customers to shop immediately and pay over time, either in four installments or over 6-12 months for larger purchases.

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Rationale

Afterpay is a 'Buy Now, Pay Later' service, which allows consumers to split purchases into installments. While it facilitates payments, it does not offer the comprehensive payment processing infrastructure, developer APIs for custom integrations, or the full suite of financial operations tools that Stripe provides. It lacks features like subscription management, fraud detection for merchants (beyond its own risk assessment), and detailed financial reporting dashboards for businesses. Its core offering is consumer financing, not a payment gateway for businesses.

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