Payl8r offers flexible repayment plans from 3 to 24 months, including both interest-free and interest-bearing options. Each merchant decides which plans to make available, and customers choose the option that best suits their budget.

Interest-free plans allow customers to spread payments with no added interest, typically over shorter terms. Interest-bearing plans offer longer repayment periods with interest applied, providing more flexibility for larger purchases.

Payl8r offers finance from a minimum of £50 up to a maximum of £3,000, covering a wide range of purchase values from everyday items to higher-ticket products.

No, Payl8r is transparent about all costs. For merchants, any setup fees, monthly service fees, or transaction fees are clearly outlined before you partner with us and are tailored to your merchant account. For customers on interest-free plans, no interest is added. For interest-bearing plans, interest is added as per the agreement, and the interest rate and total repayable amount are clearly stated before a customer commits. Late payment fees apply if payments are missed, but Payl8r offers a 28-day grace period to help customers get back on track before any fees are charged. All fees are outlined in the customer’s credit agreement.

Yes, customers can settle their Payl8r agreement early at any time without penalty charges, giving them complete flexibility to manage their finances. This can be done by calling our collections team at 0161 425 6363 (Mon-Fri 9-5pm).

Payl8r uses a soft credit check for the initial application that won’t impact credit scores or appear for others on credit files.

Missed payments may affect your credit file, future borrowing and incur fees.