Payl8r is an FCA-regulated retail finance provider that helps UK retailers offer flexible, responsible payment options at checkout. Customers can spread the cost of purchases from £50 to £3,000 over 3 to 24 months, with quick online applications and real-time lending decisions.

Where required, Payl8r uses Open Banking technology to assess real affordability and ensure borrowing stays fair and sustainable. For retailers, we handle all credit risk and provide guaranteed payment within one business day.

As both a first- and second-line finance partner, Payl8r supports businesses of all sizes, helping them increase conversions, recover declined applications, and give more customers access to fair, affordable finance.

Payl8r is available to UK retailers with at least three months of trading history who want to offer flexible, responsible retail finance options to their customers.

By becoming an Introducer Appointed Representative (IAR) of Payl8r, you can offer finance at checkout without needing your own consumer credit licence. We’re FCA-regulated, so you operate under our permissions while we handle all credit risk, affordability checks, and monitoring.

We work with businesses across e-commerce, in-store, and service-based industries, supporting both first-line and second-line finance partnerships to help you convert more customers responsibly.

To start introducing your customers to Payl8r finance, your business must be UK-registered with at least three months of trading history and an active business bank account.

You’ll become an Introducer Appointed Representative (IAR) of Payl8r, which means you can introduce customers to our finance options at checkout under our FCA permissions, without needing your own consumer credit licence.

As an IAR, you’ll follow a few conduct requirements, we’ll provide full guidance and approved materials to ensure you’re introducing customers compliantly and confidently. Payl8r manages all credit decisions, affordability checks, and lending activity directly.

Once approved, you’ll gain access to our merchant portal or e-commerce integrations, making it easy to add Payl8r at checkout and receive payouts within one business day on accepted orders.

Yes. Payl8r can integrate alongside your existing finance provider as a second-line retail finance solution, allowing you to recover sales that might otherwise be declined.

When a customer isn’t approved by your primary lender, you can seamlessly introduce them to Payl8r instead, helping you capture more conversions without disrupting your current setup.

Payl8r fits neatly into your existing checkout journey, allowing you to route declined applications to us without any disruption. We handle all credit decisions, affordability checks, and payouts, giving your customers another chance to access finance responsibly.

Approval rates vary depending on your customers and the type of products or services you offer, but Payl8r’s flexible underwriting and use of real-time affordability assessments mean we’re often able to approve customers traditional lenders might decline.

Where required, we also use Open Banking data to build a clearer picture of affordability, meaning we can often support customers who may not be accepted by traditional lenders, without compromising on responsible lending standards.

This approach gives more customers a fair opportunity to access finance while helping retailers offer payment options that are flexible and responsible.

Open Banking gives Payl8r a real-time view of a customer’s financial situation, allowing us to make lending decisions based on accurate, up-to-date information rather than credit scores alone.

With a customer’s consent, we can securely review income and spending data to build a true picture of affordability. This helps us make fair, informed lending decisions and responsibly approve customers who may not be accepted by traditional lenders.

By using Open Banking as part of our affordability assessment, we’re able to support financial inclusion while ensuring every decision remains fair, transparent, and compliant.

Merchants receive payment from Payl8r within one business day of their customer being approved and beginning a finance agreement.

You’ll get paid directly, while Payl8r manages all credit risk, collections, and repayments with the customer. It’s a fast, reliable way to introduce finance without affecting your cash flow.

Yes. Payl8r is authorised and regulated by the Financial Conduct Authority (FCA) under its trading name Social Money Ltd (FRN: 675283). Being FCA-regulated means we follow strict rules designed to keep lending fair, clear, and responsible.

This gives retailers and customers confidence that our finance is offered in line with FCA standards.

Payl8r offers retail finance from £50 to £3,000, allowing your customers to spread the cost of both smaller purchases and higher-value products over 3 to 24 months.

This flexibility can help increase your average order value and conversion rates by giving customers more ways to pay. Depending on your setup, you can offer interest-free or interest-bearing plans, while we handle all credit risk and affordability checks – including Open Banking, where required, to ensure lending remains fair and responsible.