Clearpay — Paga in 4
Clearpay (Afterpay)
Data verified on unchanged since the sources
Worth it if you pay on time and want to split a purchase into 4 interest-free instalments, with a cap on late fees of 25% of the order (max ~€36).
Avoid it if you risk paying late: fees of €6 plus another €6 after 7 days kick in, and reporting to credit bureaus isn't fully disclosed.
Clearpay (the international Afterpay brand) splits the amount into 4 interest-free instalments. It is a payment institution (register no. 36086) operating in the EEA under the supervision of the Bank of Spain and the Bank of Italy. The "0 interest" applies to on-time payers: delays incur a €6 late fee, plus another €6 after 7 days, capped at 25% of the order value (maximum about €36). As with other BNPL, the main cost is borne by the merchant and regulation changes with CCD2 (from 20/11/2026).
Data & conditions
| Representative-example APR | 0% APR |
|---|---|
| Number of instalments | 4 |
| Lender | BNPL / deferred payment |
| Mandatory insurance | No |
| KYC | Light |
| Supported countries | EEA · 1+ countries |
| Regulator | Banca di Spagna + Banca d'Italia |
| Segment | B2C |
| Funding / solidity | Marchio Afterpay/Clearpay (gruppo Block) |
| MiCA / License status | Istituto di pagamento (registro n. 36086); operatività EEA, vigilanza Banca di Spagna + Banca d'Italia |
Strengths
- 4 interest-free instalments for the on-time user
- Supervised payment institution (Bank of Spain + Bank of Italy)
- Cap on late fees (25% of the order, max ~€36)
- Light KYC: minimal identity verification.
Weaknesses
- €6 + €6 late fees after 7 days in case of delay
- Main cost borne by the merchant (and indirectly by the price)
- Reporting to credit bureaus not fully disclosed: read the privacy notice
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 3.0/5, average profile. In its favour: 4 interest-free instalments for the on-time user. The trade-off to weigh: €6 + €6 late fees after 7 days in case of delay.
On the Sovereignty lens the score is 1.9/5 (weak): the strength is censorship resistance (3.0/5), while fund control (0.0/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used Clearpay — Paga in 4, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
App Store ↗
4.9/5
152,004 reviews
App 'Clearpay - Buy Now, Pay Later' (UK App Store, id 1474022186); exact values from itunes lookup (averageUserRating 4.9264).
-
Google Play ↗
3.2/5
67,878 reviews
Clearpay app (package com.afterpaymobile.uk); JSON-LD structured data: ratingValue 3.216, ratingCount 67,878. Strongly bimodal distribution (many 5-star and many 1-star), markedly lower than the App Store.
Weighted average across 2 public review platforms (219,882 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
How much does a delay cost with Clearpay?
If you don't pay on time, Clearpay charges a €6 late fee, plus another €6 if the delay exceeds 7 days. Total late fees cannot exceed 25% of the order value (maximum about €36). The instalments stay interest-free only if you pay on time.
Sources
- Official service page Data verified on Jul 16, 2026