Certified payment providers N/A
Market coverage 1
["Australia"]
Australia
Australia
Currencies 1
- Australia Dollar
Description
PayItLater is an online payment method that allows consumers to make immediate purchases and pay for them later in multiple installments. It is a buy now, pay later service offered by PayItLater Pty Ltd, a company based in Australia.
The operation of PayItLater is quite straightforward. When making an online purchase on a merchant’s website that is a partner of PayItLater, you have the option to choose PayItLater as the payment method at the checkout. You will need to create a PayItLater account or log in to your existing account. PayItLater will then assess your credit application instantly and provide you with a decision regarding the approval of your request.
If your application is approved, PayItLater will immediately pay the amount of your purchase to the merchant, and you can repay PayItLater in multiple installments. The total amount will be divided into regular payments over an agreed-upon period, typically ranging from a few weeks to several months. Interest fees may apply to the deferred payments, depending on the terms of the agreement.
The main advantage of PayItLater is the flexibility it offers to consumers. It allows you to buy products without having to pay the full amount upfront, which can be useful for individuals with cash flow constraints or those wishing to spread their expenses over a longer period.
