If an automatic payment fails due to lack of funds, Afterpay will charge an $8 late payment fee, and an additional $8 if the payment isn’t made within 7 days. Late fees are capped at 25% of the purchase price. Failure to meet any installments can lead to cancellation of the customer’s Afterpay account. You can read Afterpay’s Installment Agreement here (afterpay.com/installment-agreement).