Cost of BNPL Defaults Calculator

This calculator shows the real cost of missing Buy Now Pay Later payments in New Zealand, adding up the late fees on services like Afterpay, Laybuy and Zip and turning them into a clear surcharge on your purchase. Buy Now Pay Later is marketed as interest free, and it is when you pay on time, but the moment an instalment is missed the late fees begin, and because they are charged on small purchases they can become a surprisingly large percentage of what you bought. A few dollars in fees on a fifty dollar order can work out to a surcharge of twenty, thirty or even forty percent, far more than ordinary credit would cost over the same short window. You enter the order value, the late fee your provider charges per missed instalment and how many payments you missed, and the calculator totals the fees, applies a typical cap of the lesser of twenty five percent of the order or a fixed dollar amount, and shows the effective surcharge as a percentage. Seeing it as a percentage is the point, because it reframes a handful of dollars as the expensive credit it really is. Use it to understand the true cost before relying on BNPL, and check your provider's current fees and cap, as they change.

Cap is the lesser of your entered dollar cap or 25% of the order value, as most NZ providers apply. Check your provider's current fees. Estimate only.