Get a $25 eGift Card for The Good Guys when you spend $100 or more in one transaction at The Good Guys between 1 October 2021 and 23 December 2021. T&Cs apply.
What is Spot. Buy Now, Pay Later?
Spot. Buy Now, Pay Later is a service that allows you to repay purchases in 4 payments. You also have the option to repay purchases in 8 installments for a $10 fee. Your first repayment is usually made the day of your purchase, or shortly afterwards. No interest is charged for using Spot. Buy Now, Pay Later but late fees can apply.
Who can use Spot. Buy Now, Pay Later
To use Spot. Buy Now, Pay Later you must:
- Be 18 years or older, an Australian resident and meet Spot. Buy Now, Pay Later’s eligibility criteria.
- Have a valid mobile number and email address.
- Have an eligible bank account.
Most bank accounts are compatible with a Spot. Buy Now, Pay Later account. To link your bank account, you’ll need to be the sole owner of the account and it needs to be NPP enabled (New Payments Platform) which many Australian banks are now using. If you want to confirm whether your account will work with Spot. Buy Now, Pay Later, check this website: https://nppa.com.au/find-an-institution/
Full eligibility requirements are outlined on the Spot. Buy Now, Pay Later website.
How do in-store purchases work with Spot. Buy Now, Pay Later?
It’s simple, all you need to do is to use your Spot. Buy Now, Pay Later card from your mobile device’s digital wallet. Your digital card will be accepted anywhere Mastercard is accepted.
Simply open your digital wallet, select your card and tap your phone to the merchant’s card machine. Depending on your device security it may ask for a security code or biometric check. You may be asked for a PIN (generally if the purchase is over $200), this is the number you setup when activating your card and can be reset in the app.
Is Spot. Buy Now, Pay Later Interest Free?
Yes, all purchases made using Spot. Buy Now, Pay Later are interest free. If a payment is late, then late fees may apply, and the account will be locked from making further purchases until repayments are back on schedule. There is also a $10 upfront fee for a pay-in-8 purchase.