It’s been called the next big thing to hit Australia – a “buy now, pay later” scheme that doesn’t cost you anything. Or does it? Operating like a lay-by system, Afterpay lets you buy something now and pay it off in four instalments over eight weeks. Since July 2018, 2.2 million people have already used Afterpay. We ask the question, “what’s the catch with Afterpay?”.