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Can You Buy a PS5 with Afterpay?
The PlayStation 5 (PS5) has quickly become one of the most sought-after gaming consoles in the world. With its stunning graphics, fast load times, and immersive gaming experience, it’s no wonder that gamers everywhere are eager to get their hands on one.
However, with high demand and limited supply, purchasing a PS5 can feel like a challenge, especially if you’re on a budget.
One potential solution to this problem is using a service like Afterpay. But can you buy a PS5 with Afterpay? The answer is yes, you can. Afterpay allows you to divide the cost of your PS5 into interest-free installments, making it a more manageable option for many buyers.
In this article, we’ll break down how Afterpay works, where you can use it to buy a PS5, and how to make the most of it when purchasing your next console.
Afterpay Explained
Before diving into the specifics of how to use Afterpay to buy a PS5, it’s important to understand what Afterpay is and how it works.
Afterpay is a “buy now, pay later” service. It allows you to split the total cost of a purchase into four equal, interest-free installments, paid every two weeks. The best part? There are no hidden fees or interest charges as long as you make your payments on time.
Afterpay partners with various retailers, allowing you to use it for a wide range of purchases, including electronics, clothing, and even gaming consoles.
Key Features of Afterpay
- Interest-Free Payments: Pay in four equal installments without any interest or hidden fees, as long as payments are made on time.
- Flexible Payment Plans: Choose the payment schedule that works best for you. Most Afterpay payments are spread out over six weeks.
- Instant Approval: Once you’ve signed up, Afterpay instantly approves most purchases. No lengthy credit checks required.
- Convenience: Afterpay can be used for both online and in-store purchases, depending on the retailer.
Given these features, Afterpay offers a convenient and accessible payment option for people who want to purchase items like the PS5 but need more time to pay.
Where to Use Afterpay for a PS5
Now that you understand how Afterpay works, let’s take a closer look at where you can actually use it to buy a PS5. The service is available at many retailers, both online and in-store, but not every store offers Afterpay for gaming consoles. The following are two of the most prominent retailers that allow you to purchase a PS5 using Afterpay.
GameStop and Afterpay
GameStop is one of the most well-known retailers for video games and gaming consoles. Fortunately for PS5 buyers, GameStop offers Afterpay as a payment option for both consoles and accessories. This means you can purchase your PS5 online or in-store and split the cost into four interest-free payments.
Here’s how it works at GameStop:
- Browse: Visit the GameStop website or head to your local store and select the PS5 you want to buy.
- Choose Afterpay: At checkout, select Afterpay as your payment method. If you’re shopping online, you’ll be redirected to the Afterpay website.
- Register or Log In: If you’re not already registered with Afterpay, you’ll need to create an account. This is a quick process, and once approved, you’ll be able to start shopping.
- Confirm Your Payment Plan: After logging in to Afterpay, select the payment plan that suits you. The total cost of the PS5 will be divided into four equal installments, due every two weeks.
Best Buy and Afterpay
Best Buy, another major retailer, also accepts Afterpay for PS5 purchases. Similar to GameStop, Best Buy allows you to split the cost of your PS5 into easy-to-manage installments. You can buy a PS5 from Best Buy online or at the store, and Afterpay can be used as your payment method.
Here’s how to buy a PS5 at Best Buy using Afterpay:
- Select Your PS5: Go to the Best Buy website or visit a store and pick out the PS5 you want.
- Select Afterpay at Checkout: When you’re ready to check out, choose Afterpay as your payment option.
- Sign In or Register: If you’re new to Afterpay, you’ll need to sign up for an account. This is quick and easy, and after you’re approved, you’ll be able to proceed with your purchase.
- Confirm Your Payment Plan: Just like at GameStop, Best Buy will divide your PS5’s total cost into four equal payments, due every two weeks.
It’s worth noting that, besides Afterpay, Best Buy also offers other financing options like Progressive Leasing and 90-day same-as-cash financing, which might be worth considering depending on your financial situation.
How to Use Afterpay to Buy a PS5
Using Afterpay to buy a PS5 is a straightforward process. Let’s walk through the steps so you know exactly how to make your purchase.
Step 1: Shop as Usual
Start by browsing the retailer’s website or app for the PS5. Whether you’re shopping at GameStop, Best Buy, or another retailer that offers Afterpay, select the PS5 console and any additional accessories you want to purchase. You can also buy PS5 games and other items using Afterpay.
Step 2: Choose Afterpay at Checkout
Once you’re ready to make your purchase, proceed to the checkout page. Look for Afterpay as a payment option. On most websites, it will be clearly listed alongside other payment methods like credit cards, PayPal, and other buy-now-pay-later services.
Step 3: Sign Up for Afterpay (if you haven’t already)
If this is your first time using Afterpay, you’ll need to create an account. This is a quick process, and Afterpay will perform a soft credit check to verify your information. Once you’re approved, you’ll be able to complete your purchase and select the payment plan that suits you.
Step 4: Confirm Your Payment Plan
After signing up and logging into your Afterpay account, you’ll be presented with your payment plan options. The total price of the PS5 will be divided into four equal payments. You’ll need to confirm the plan, and once everything looks good, you can complete your purchase.
Step 5: Enjoy Your PS5
Once your purchase is complete, you’ll receive your PS5, and your first payment will be due within two weeks. As long as you make your payments on time, there are no interest charges or hidden fees.
Other Options for Buying a PS5
While Afterpay is a great option, it’s not the only way to finance a PS5. Many retailers, including Best Buy, offer other payment plans and financing options.
Progressive Leasing
Progressive Leasing is another financing option available at retailers like Best Buy. This service allows you to lease the PS5 and make monthly payments over a period of time.
Unlike Afterpay, which divides the payments into four installments, Progressive Leasing typically offers longer terms, which can be more suitable for those looking for extended payment plans.
90-Day Same-As-Cash Financing
Best Buy also offers 90-day same-as-cash financing. This means that if you pay off the total amount within 90 days, you won’t have to pay any interest. This is an excellent option if you can pay off the full price of the PS5 within three months.
Store Credit Cards
Many stores offer their own credit cards, which may come with special financing deals for big-ticket items like gaming consoles. These store-specific credit cards can offer deferred interest or special discounts for cardholders.
Check Inventory Before Buying
One important thing to keep in mind when purchasing a PS5, whether with Afterpay or another method, is that PS5 stock can be limited. Due to high demand, many retailers frequently run out of stock or have long waiting lists.
Before making your purchase, it’s a good idea to check the retailer’s inventory. Some retailers even allow you to sign up for stock alerts, so you’ll be notified as soon as the PS5 is available.
Frequently Asked Questions
Here are some of the related questions people also ask:
Can I use Afterpay to buy a PS5 at GameStop?
Yes, you can use Afterpay to buy a PS5 at GameStop. Simply select Afterpay at checkout and choose the installment plan that works for you. You can buy both the PS5 console and accessories using Afterpay.
Does Best Buy offer Afterpay for PS5 purchases?
Yes, Best Buy accepts Afterpay for PS5 purchases. You can select Afterpay as your payment option at checkout, divide the total price into four equal installments, and enjoy your PS5 while paying it off over time.
How does Afterpay work when buying a PS5?
Afterpay allows you to split the total cost of your PS5 into four equal, interest-free installments. Payments are due every two weeks. To use Afterpay, simply select it as your payment option at checkout and follow the prompts to confirm your payment plan.
What other payment options are available besides Afterpay for a PS5?
In addition to Afterpay, retailers like Best Buy offer other financing options like Progressive Leasing and 90-day same-as-cash financing. These options can be more suitable for buyers looking for longer payment terms.
Can you buy PS5 games with Afterpay?
Yes, you can use Afterpay to buy PS5 games as well as the console itself. Many retailers, including GameStop and Best Buy, offer Afterpay for games, accessories, and other gaming-related items.
Is Afterpay available for PS5 purchases in-store?
Yes, Afterpay can be used in-store at retailers like GameStop and Best Buy, as long as the store offers Afterpay as a payment option. You simply need to choose Afterpay at the checkout counter and follow the steps to complete your purchase.
Are there any interest fees with Afterpay when buying a PS5?
No, there are no interest fees with Afterpay as long as you make your payments on time. Afterpay divides the total cost into four equal installments, and if you stick to the payment schedule, you won’t incur any extra charges.
What happens if I miss an Afterpay payment when buying a PS5?
If you miss an Afterpay payment, you may incur late fees. It’s important to make your payments on time to avoid additional charges. Afterpay will send reminders for upcoming payments, so you stay on track with your installments.
Can I use Afterpay for PS5 pre-orders?
Yes, you can often use Afterpay for PS5 pre-orders, provided the retailer offers Afterpay as a payment option. Keep in mind that you’ll still need to follow the same installment payment process when the PS5 becomes available for shipment.
The Bottom Line
So, can you buy a PS5 with Afterpay? Absolutely. Afterpay provides a convenient, interest-free way to pay for your PS5 over time. With major retailers like GameStop and Best Buy offering Afterpay as a payment method, purchasing a PS5 has never been easier or more affordable.
By following the steps outlined in this guide, you can shop for your PS5, choose Afterpay at checkout, and enjoy your new console while paying it off in manageable installments. Whether you’re a dedicated gamer or new to the world of PlayStation, Afterpay offers a flexible solution to help you get your hands on a PS5 without breaking the bank.