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Yes, Payl8r offers in-store and online retail finance.

Merchants are paid the next working day for accepted orders. 

Unregulated loans contain no interest and must be under 12 months. These loans are typical in the buy now pay later industry and suit low value purchases. 

Regulated loans either contain interest and/or are over 12 months in term and, as such, retailers and merchants must hold the appropriate Financial Conduct Authority (FCA) permissions. Fortunately, Payl8r is able to provide retailers with authorised FCA permissions through onboarding them as an Introducer Appointed Representative (IAR). 

To become a Payl8r partner you must have 3 months trading history, be a UK registered limited company, or sole trader.

By becoming an Introducer Appointed Representative of Payl8r, you can offer customers the option to split the cost of purchases at checkout, both online and instore. To get started, simply get in touch with us at retailers@payl8r.com or by completing our online enquiry form.

Businesses can promote finance by clearly displaying payment options across their website, product pages, checkout, and in-store. Payl8r provides approved marketing materials to help merchants communicate finance options clearly and compliantly. All adverts created outside of these templates should be sent into our in-house team for review before publishing.

IARs can promote finance using website banners, product page messaging, checkout notifications, in-store signage, and approved marketing materials provided by finance partners like Payl8r.

Payl8r applications are designed to be quick and simple, with most completing in under 5 minutes. Customers can complete an online application and receive an instant decision in most cases, with affordability checks completed where required.

Finance decisions consider factors such as affordability, credit history, income, and the customer’s ability to manage repayments. Payl8r uses responsible lending checks, including Open Banking where required, to support fair decisions.

After completing their purchase, customers can manage their repayments through Payl8r’s customer portal, including accessing information about their payment plan and keeping track of upcoming payments.

Flexible payment options give customers more choice when making purchases. By spreading the cost over manageable repayments, customers can better budget for larger purchases.

Finance can help make higher-value purchases more accessible by allowing customers to spread payments over time. This can help businesses increase conversions and give customers more confidence when purchasing higher-ticket products.

Checkout finance gives customers more flexibility at the point of purchase. By offering payment options directly within the checkout journey, businesses can reduce barriers and create a smoother buying experience.

Payl8r offers flexible finance options for eligible purchases, allowing customers to spread costs through manageable repayment plans. With finance from £50 to £3,000 over 3 to 24 months, with instant applications, real-time decisions, and Open Banking checks to help ensure customers only borrow what they can afford.

When applying with Payl8r companies must be:

• UK-based limited company or sole trader.
• 3 months or more trading history.
• Must have a Website or Storefront.

Different lenders have different lending criteria. Offering more than one finance option helps businesses support more customers by providing alternative routes to finance where appropriate.

Second-line finance works alongside a business’s existing finance provider. When a customer is declined by a primary lender, Payl8r can act as a second-line lender, providing an alternative finance option to help businesses recover sales that may otherwise be lost.

Businesses can offer retail finance, allowing eligible customers to spread the cost of purchases through manageable repayment plans. Payl8r offers finance options from 3 to 24 months, giving customers a variety of plans to suit their situation.

UK retailers can offer finance options such as regulated consumer credit, which include interest-bearing credit agreements or regulated Deferred Payment Credit (DPC) which covers interest free credit up to 12 months / 12 installments. Payl8r offers both types of regulated consumer finance.

Second-Line finance allows Payl8r to work alongside existing payment setups, letting businesses introduce an additional layer of finance without replacing their current Lender.

Checkout finance allows customers to spread the cost of their purchase through manageable repayments. For merchants, it provides another payment option that can help improve customer choice and support more completed purchases.

Businesses should consider offering finance when customers are purchasing higher-value products or services, or when spreading payments could make purchases more accessible.

Interest-free finance allows customers to repay the purchase amount without interest. Interest-bearing finance includes interest charges as part of the repayment plan. If the interest-free plan is under 12 months or 12 installments, it will be a Deferred Payment Credit Agreement, whereas Payl8rs options that include interest will be Consumer Credit Agreements.

Yes. Service-based businesses, including training providers and education businesses, can offer finance options to help customers spread the cost of their services through manageable repayments. You can read more about the success of our merchant partners here.

Many industries can benefit from offering finance, particularly sectors with higher-value purchases such as furniture, electronics, automotive, training, education, sports equipment, and musical instruments.