Mum shocked when teen daughter came home with an expensive designer bag, without using any money.

She told A Current Affair “How is it that my 15-year-old daughter was able to walk in and buy a $250 handbag when she doesn’t have the money?”

Naomi told me it was child’s play.

“It took like 30 seconds; they didn’t ask for any verification.”

It’s a potentially dangerous flaw in the buy now, pay later payment service that currently has 1.8 million customers.

People under 18 are not supposed to use Afterpay but Ownership Matters got a 16-year-old to set up an account and order alcohol, to be delivered to their office and it worked.

Although in this case an adult did signed for the goods.

Dean says “Kids call it afterparty, because it’s so easy to organise what they want for parties”.

You can quickly create an account using your existing debit or credit card.

Afterpay splits your payments over four equal instalments due every fortnight. Nominate the card you want to use and automatic payments are scheduled for you. You must be 18 or older to create an account.

Afterpay say “customers should only ever spend what they can afford to pay back. To make sure of this, we take time to get to know our customers before enabling them to spend more. Afterpay sets sensible initial spending limits that increase to a maximum of $1,500 over time. We assess every order request using our proprietary real-time Repayment Capability Check to determine spending capacity and a customer’s ability to repay on time.”

Such a trap to fall into to at a young age. Read Afterpay’s commitment to responsible spending here.

I must admit I love Afterpay, but I use it wisely and stick to payments on due time.

Are you an Afterpay fan?

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