Major changes coming to Afterpay - see why an expert welcomes the app's updated rules as 'sensible'

Major changes have been made to Australia's most popular Buy Now Pay Later service, Afterpay, with one expert welcoming the tweaks as 'sensible'. Two changes are now available on Afterpay - choosing what day your payments will land on and the option to defer the first payment for up to two weeks Australian shoppers have embraced Buy Now Pay Later schemes, but as of March this year, 20 per cent of consumers have paid a late fee, according to Finder 'We can decide whether to grant you access,' the service said. University of Sydney Business School Associate Professor Andrew Grant told 7 News he believes this change is a 'sensible option' - as long as customers choose the day on or soon after they get paid. An expert said the change to Afterpay - where consumers can choose which day they would like their payment to be deducted on - will help Aussies budget But Mr Grant noted that the option to delay the first payment for up to two weeks will likely require customers to undergo a credit check before qualifying. 'In the case of ‘low risk’ consumers — either identified through their credit history, or a sequence of good payment history with Afterpay — providing them an option to shift the first payment by up to two weeks would be similar to other forms of credit,' Mr Grant said.