We’re pleased to announce our updated range of plans together with a simpler, single fee structure for your customers.
When does the pricing change happen?
From Monday, 28th February 2022, all new Openpay plans will have the updated customer fee structure.
What are the changes?
We listened to our customers and worked on making our fees simple and transparent.
The updates don't change how you use Openpay and we will always clearly show you the plan options and any fees before you decide to take out a new plan.
There are 3 main changes:
- A 20% deposit will be required for purchases under $2,000.
A 10% deposit will be required for purchases over $2,000. - Fortnightly plan management fees are clearer than ever – you pay what you choose.
- Establishment fees are removed from all new plans!
Below is an overview of our plan terms, customer fees and customer deposit:
What happens to my current plans?
There are no changes to any existing Openpay plans you have at present. You will continue to make repayments as scheduled based on the fee structure at the time the plan was created. The new fee structure only applies to new plans once the changes come into effect.
Why is Openpay’s pricing structure being updated?
Our commitment to customers remains our priority. These changes are aimed at creating a more simple and transparent pricing structure. We also wanted to also provide customers with a greater choice of plan terms at checkout.
Oh, and we removed the establishment fees on all new plans! No hidden fees. Simple and transparent.
