verb to pay for something after it has been received or used
In finance, postpay can refer to a payment method where the payment is made after the goods or services have been received.
Postpay refers to a billing system where the customer is billed for services after they have been used, as opposed to prepaid services where the customer pays in advance.
Postpay is commonly used in subscription-based services where customers are billed at the end of a billing cycle for services used during that period.
In the publishing industry, postpay may refer to a payment arrangement where the writer receives payment for their work after it has been completed and submitted.
In the field of psychology, postpay may refer to a billing method where clients are billed for services after they have been provided, as opposed to prepaying for sessions.