PayLater is an alternative to traditional financial services as it provides customers with interest-free payments over 4 instalments or at the end of the month. No interest means customers will never pay more than the amount of their purchase as long as payments are made on time.
Rolling interests on late payments can run up a hefty sum. As a financial provider focused on sustainable services for our customers, PayLater only charges a flat admin fee to reactivate PayLater account which has been suspended due to non-payment of PayLater bill(s)