Credit card payments remain the default in Canadian online shopping, but BNPL has become one pillar of the payment options as more consumers in their 20s and 30s favor small, interest-free installment plans. Afterpay uses a simple model that splits the total into four biweekly payments and is especially strong in the fashion and beauty categories; unlike the US business, which was rebranded to Cash App Afterpay in 2025, the Afterpay brand is retained in Canada.

For Korean merchants selling clothing, cosmetics, or general goods priced from tens to a few hundred CAD through their own online store or mobile app, an interest-free installment option can be expected to help with purchase conversion. If your products are higher-priced and require longer installment terms, pairing this with Canada Affirm may be a better fit.

A consumer who selects Afterpay at checkout logs into their account, reviews the four-installment schedule, and pays the first installment, at which point the merchant's order is confirmed as fully approved. The proceeds are received by Hecto Financial in CAD, converted, and paid out in whichever of USD, KRW, or JPY was agreed in the contract, while Afterpay handles collection of the remaining installments.

Integrating through Hecto Financial lets a Korean company explore adopting Afterpay payments without a separate contract with a local Canadian entity. Whether the four-installment model is supported, along with industry and transaction value conditions and the settlement cycle and fees, varies by merchant situation, so this should be confirmed with Hecto Financial's sales team before signing a contract.

• Business registration country

  Confirm contract eligibility as a Korean business

• Sales channel

  The integration approach and priority differ depending on your mix of online sales channels, such as your own store, open marketplaces, or a mobile app

• Product categories handled

  Confirm in advance whether your category falls under Afterpay's restricted merchant policies

• Local regulatory compliance

  Confirm compliance with Canada's payment and foreign exchange regulations (see the official sources below)

Sales to Canadian consumers are priced in CAD, but the merchant is settled not in CAD but in whichever of USD, KRW, or JPY was designated in the contract, because Hecto Financial handles receiving CAD and converting it on the merchant's behalf. If a refund occurs, the consumer's remaining installment schedule is canceled or adjusted under Afterpay's policy and any installments already paid are returned to the consumer, so the merchant only needs to focus on managing refund approval deadlines.

• Bank of Canada / Payments CanadaOfficial information on Canada's payment systems and clearing rules. If this page's content differs from the actual regulations, the official source takes precedence.