At a glance
Total amount that successfully flowed through Afterpay as Pay-in-4 BNPL in the period, gross of refunds and Afterpay’s merchant fee. Afterpay (Square/Block-owned since 2022) pays the merchant the full amount upfront and assumes consumer credit risk on the four interest-free instalments.
| What it counts | All Afterpay orders with status = APPROVED and captured, summed by totalAmount. Pay in 4 only (Afterpay’s signature product); no instalment-financing variants. |
| API endpoint | /v2/payments on the Afterpay Online API. |
| VAT / sales-tax treatment | Inclusive. Customer-paid amount including tax. |
| Currency | Multi-currency native AUD, USD, GBP, CAD, NZD. Each order in its own currency, no FX. |
| Fees / processing cost | Gross. Afterpay merchant fee (typically 4-6% + flat per-transaction fee) NOT deducted. Higher than card processing; AOV uplift compensates. |
| Refunds | NOT deducted. Tracked in aft_refund_volume. |
| Disputes / chargebacks | NOT deducted. |
| Failed / declined Afterpay orders | Excluded (Afterpay’s underwriting decision happens upfront). |
| Pay in 4 only | Afterpay’s only product structurally; 25% upfront, three biweekly instalments, interest-free. No long-instalment variants (unlike Klarna). |
| No consumer credit check | Afterpay does NOT pull customer’s credit at point of purchase; relies on Afterpay’s own internal risk model based on prior on-time payment history. |
| Square/Block ownership | Acquired by Block (Square parent) in early 2022 for ~USD 29B. Operations continue under Afterpay brand. |
| Payout timing | Per merchant payout schedule (typically 1-3 business days after capture). |
| Time window | 30D vsP. |
| Alert trigger | drop >15% vsP. |
| Roles | owner, finance |
Calculation
Calculated automatically from your Afterpay data. See the At a glance summary above for what the metric tracks and the worked example below for a typical reading.Worked example
An Australian DTC homewares brand (“Banksia Living”, Sydney-based, ships AU/NZ/US) on Shopify with Afterpay enabled. 30 days ending 02 May 26.| Region | Orders | Volume | Currency | AOV |
|---|---|---|---|---|
| AU | 3,420 | AUD 612,400 | AUD | AUD 179 |
| NZ | 480 | NZD 78,200 | NZD | NZD 163 |
| US | 1,840 | USD 384,200 | USD | USD 209 |
| Total | 5,740 |
- Afterpay pays Banksia Living the full amount upfront (less ~5% merchant fee). Afterpay assumes credit risk on the 4 instalments.
- AU/NZ AOV ~25% above Banksia’s card AOV (typical Afterpay lift).
- No instalment-financing variants. Afterpay is Pay-in-4-only; if Banksia wants longer terms, Klarna integration would be needed.
- Afterpay’s 5% merchant fee is meaningfully higher than 2-3% card processing. The AOV lift (25-30%) and conversion lift (10-15%) typically more than compensates.
- Square/Block ownership. Operationally unchanged for merchants; Afterpay continues under its own brand and APIs.
Sibling cards merchants should reference together
| Card | Why pair it |
|---|---|
aft_volume_trend | Daily trend. |
aft_total_transactions | Order count. |
aft_avg_transaction | AOV (typically 25% higher than card). |
aft_refund_volume | Subtract for net. |
Klarna kla_total_volume / Stripe stripe_total_revenue | Cross-PSP comparison; multi-BNPL merchants run both. |
Reconciling against the vendor’s own dashboard
Where to look: portal.afterpay.com → Orders with date filter and status “Captured”, or Reports → Sales for aggregate. Why our number may differ:| Reason | Direction | Why |
|---|---|---|
| Time zone | Boundary days off | Afterpay Portal renders in merchant’s timezone; we use UTC. AU merchants face 10-11 hour offset. |
| Authorised vs captured | Theirs may show authorised | Pre-capture orders awaiting shipment included in some Portal views. |
| Multi-currency | Per-currency vs converted | Portal can convert; we preserve native. |
| Comparison | Expected | Why |
|---|---|---|
aft_total_volume ↔ commerce-platform Afterpay-paid revenue | Approximately equal | Both count Afterpay orders. |
aft_total_volume ↔ klarna.kla_total_volume | Different products | Afterpay = Pay in 4 only; Klarna = multiple products. Compare carefully. |