Hello Collectors,
At Mr Collectable, we’re constantly striving to provide you with the best products at the most affordable prices, and that’s why we’ve made the difficult decision to remove Afterpay as a payment option. We believe in being transparent with our community, so we want to explain the reasons behind this change.
Afterpay is a popular payment method that allows customers to split their purchases into smaller, manageable payments. While this flexibility is great for buyers, the reality is that Afterpay charges merchants significant fees. Each transaction comes with a 6% merchant fee plus a fixed processing fee of 30 cents. This may not seem like much, but when you break it down, it can have a huge impact on businesses like ours, especially when we’re committed to offering some of the lowest prices on collectibles in Australia.
For example, let’s say you purchase a booster box from us for $130, and we pay $115 to source it. Afterpay’s fees alone would take away around $10 from that sale. On top of that, we charge a flat-rate shipping fee of $10 for all orders within Australia, but the actual shipping cost often exceeds that, especially for items like booster boxes that weigh about 700 grams. That’s not even considering the cost of shipping boxes and packaging materials, which we absorb to make sure your items arrive safely and in perfect condition.
As one of the few retailers in Australia offering flat-rate shipping, our goal has always been to keep costs low for our customers, but the rising hidden costs associated with Afterpay make it increasingly difficult for us to maintain those competitive prices. Ultimately, we had to make the tough choice to remove Afterpay to ensure we can continue delivering high-quality collectibles at the best possible prices.
We understand that this change may cause inconvenience, and for that, we sincerely apologize. However, we do want to offer an alternative. PayPal’s Pay in 4 provides a very similar payment plan to Afterpay, allowing you to split your purchases into four interest-free payments. We encourage you to give this option a try for the same flexibility without compromising the value we offer at Mr Collectable.
Thank you for your ongoing support and understanding. We’re committed to continuing to serve you with the best collectibles at affordable prices, and we appreciate you being part of the Mr Collectable community!