Softwr

Personal Finance · head to head

Afterpay vs Invoice2go

Afterpay logo

Afterpay

Personal Finance

Buy now pay later app splitting purchases into four instalments, owned by Block

From
Free
Rated
-
Full reviewWebsite
Invoice2go logo

Invoice2go

Accounting

Mobile-first invoicing app for small businesses and freelancers

From
On request
Rated
-
Full reviewWebsite

The short version

  • Only Afterpay has a free tier, so it costs nothing to try first.
  • Each has a real cost: Afterpay a missed instalment triggers a late fee, and while total late fees on a purchase are capped, repeated missed payments across multiple purchases can add up to a meaningful cost that the interest-free marketing does not foreground.; Invoice2go starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.
  • They diverge on capability: Afterpay covers Four-instalment split, Invoice2go covers Invoice creation and customization.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Afterpay and Invoice2go actually diverge.

Attributes where Afterpay and Invoice2go differ
AttributeAfterpayInvoice2go
Starting priceFreeOn request
Pricing modelFree to shoppers with no interest on the standard plan; merchant pays a per-transaction fee, late fees apply to missed paymentssubscription
Free tierYesNo
PlatformsiOS, Android, Webweb, ios, android
CategoryPersonal FinanceAccounting

Identical on both: user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Afterpay

  • Four-instalment split
  • No interest on standard plan
  • Late fee structure
  • Merchant transaction fee
  • Afterpay Card
  • Spending limit management

Only in Invoice2go

  • Invoice creation and customization
  • Estimates and projects
  • In-app payments
  • Automated reminders
  • Accounting integrations
  • Team member access

What people use each for

The jobs each tool is most often brought in to do.

Afterpay

  • A shopper wanting to spread the cost of a purchase over six weeks without paying interest, provided every payment is made on timenot Invoice2go
  • A merchant accepting Afterpay to capture shoppers who would otherwise abandon checkout, in exchange for a higher per-transaction fee than card processingnot Invoice2go
  • A younger buyer without an established credit history using instalment purchases as an alternative to a credit cardnot Invoice2go
  • Someone tracking their spending who wants to understand that a missed Afterpay payment can now affect a credit report, not just incur a feenot Invoice2go

Invoice2go

  • Freelancers invoicing clients from a mobile devicenot Afterpay
  • Small service businesses tracking estimates and projectsnot Afterpay
  • Businesses wanting integrated card and ACH paymentsnot Afterpay
  • Businesses syncing invoices with QuickBooks or Xeronot Afterpay

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Afterpay

  • A missed instalment triggers a late fee, and while total late fees on a purchase are capped, repeated missed payments across multiple purchases can add up to a meaningful cost that the interest-free marketing does not foreground.
  • Afterpay has updated its reporting policies so that late payment history can be shared with credit bureaus in some markets including the US, meaning a product marketed as simple instalments can now affect a credit score.
  • Merchants pay a transaction fee commonly in the 4 to 6 percent range plus a fixed fee, well above standard card processing, a cost that is typically absorbed into retail pricing rather than disclosed to the shopper choosing to use Afterpay.
  • Spending limits and approval are based on repayment history within the app rather than a full credit check, which can make it easier to accumulate multiple concurrent instalment obligations across different purchases than a shopper realises.
  • It is only usable at participating retailers or via the Afterpay Card, so coverage is narrower than a general-purpose credit or debit card despite behaving like one at checkout.

Invoice2go

  • Starter plan caps invoices at just 30 per year, forcing an upgrade for most active businesses.
  • Card processing fees are higher than some dedicated payment processors.
  • Accounting integrations are limited to QuickBooks and Xero, excluding other platforms.
  • Premium plan requires roughly $100k+/year revenue to be cost-effective, per its own positioning.

Pricing, plan by plan

Afterpay

Free
  • Pay in 4Free
    • No interest charged if all four instalments are paid on time
    • Late fee charged per missed payment, capped as a proportion of order value
    • Missed payment history can be reported to credit bureaus in some markets

Invoice2go

On request
  • Starter$undefined/month
    • 30 invoices/year
    • 3.5% card payment fee
    • Free ACH bank transfers
  • Professional$undefined/month
    • 100 invoices/year
    • 3% card payment fee
    • QuickBooks/Xero integration
  • Premium$undefined/month
    • Unlimited invoices
    • 2.9% card payment fee
    • Recurring invoices

Which should you pick?

Choose Afterpay if

  • You need four-instalment split.
  • You want to start without paying.
  • You work on iOS, Android, Web.
  • You also want no interest on standard plan.
Afterpay review

Choose Invoice2go if

  • You need invoice creation and customization.
  • You work on web, ios, android.
  • You also want estimates and projects.
Invoice2go review

Questions people ask

Is Afterpay or Invoice2go better?
Neither clearly leads. Afterpay starts at Free and Invoice2go at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Afterpay or Invoice2go?
Afterpay has a free tier; the other does not. Paid plans start at Free for Afterpay and On request for Invoice2go.
Does Afterpay or Invoice2go run on more platforms?
Afterpay runs on iOS, Android, Web. Invoice2go runs on web, ios, android.
Can I use Afterpay for free?
Yes. Afterpay has a free tier, so you can try it without paying. Invoice2go starts at On request.
What is Afterpay best used for?
Afterpay is most often used for a shopper wanting to spread the cost of a purchase over six weeks without paying interest, provided every payment is made on time, a merchant accepting afterpay to capture shoppers who would otherwise abandon checkout, in exchange for a higher per-transaction fee than card processing, a younger buyer without an established credit history using instalment purchases as an alternative to a credit card, someone tracking their spending who wants to understand that a missed afterpay payment can now affect a credit report, not just incur a fee. Of those, a shopper wanting to spread the cost of a purchase over six weeks without paying interest, provided every payment is made on time and a merchant accepting afterpay to capture shoppers who would otherwise abandon checkout, in exchange for a higher per-transaction fee than card processing are not what Invoice2go is typically brought in for.
What can Afterpay do that Invoice2go cannot?
Afterpay covers Four-instalment split, No interest on standard plan, Late fee structure, Merchant transaction fee. Invoice2go covers Invoice creation and customization, Estimates and projects, In-app payments, Automated reminders.

Answered from the vendors’ own pages

Afterpay: Does Afterpay charge interest?

Not on the standard four-instalment Pay in 4 plan if every payment is made on time; longer instalment plans in some markets can carry interest, and missed payments incur late fees regardless.

Invoice2go: What does Invoice2go cost?

Invoice2go offers three tiers - Starter (30 invoices/year), Professional (100 invoices/year), and Premium (unlimited invoices) - distinguished by invoice volume and card processing fees from 3.5% down to 2.9%.

Source
Afterpay: Can Afterpay affect my credit score?

Afterpay has updated its policies so that late payment history can be reported to credit bureaus in some markets including the US, which can affect a credit score even though the core product is marketed as interest-free.

Invoice2go: Is there a free trial?

Yes, Invoice2go offers a 30-day free trial that requires a credit card but includes a 100% money-back guarantee if canceled within 30 days.

Source
Afterpay: Who actually pays for Afterpay to be free for shoppers?

Merchants pay a per-transaction fee, commonly 4 to 6 percent plus a fixed fee, which is generally built into retail pricing rather than shown to the shopper.

Invoice2go: Does Invoice2go integrate with accounting software?

Yes, the Professional and Premium plans include integration with QuickBooks and Xero.

Source
Share

Related pages

More on Afterpay

More on Invoice2go

Keep looking

Other head to heads