BNPL Fees Fact Sheet
As part of the Buy Now Pay Later Code of Practice, Code Compliant Members agree to limits on the types and levels of fees they charge their
There are a number of different types of fees that you might be charged:
*Please note that the descriptions as outlined below are intended to provide only a general overview. You should check with your BNPL provider
for the exact definitions they use and fees that apply to you.
Account Keeping Fee - this is a fixed fee that is charged in relation to your account with your BNPL provider. It is charged
usually on either a fortnightly or monthly basis and will generally only apply when you have an outstanding balance on your BNPL product or service. You should check with your BNPL provider
whether or not this fee will apply when you have no outstanding balance.
Establishment Fee - this is a fixed fee that is charged upon establishing each BNPL product or service (you may have
multiple BNPL products or services with a single provider). It can also be called an 'upfront fee' and is usually paid either when you receive approval or is paid over the term of your BNPL
product or service with your regular repayment.
Payment Processing Fee - this is an administration cost for payment processing and is generally charged per
There are limits on the total value of the fees that can be charged, depending on how long you have to repay the amount.