Lay-Buys

HOW IT WORKS

Lay-Buy makes it easy for you to buy the products and services that you need by paying for them via a down payment and up to three monthly instalments.

AFFORDABLE: Our calculator allows you to select the down payment you can afford to layby today and the amount of months you need to pay off the product.

CONVENIENCE: Payments are automatically setup between you and the seller with no manual payments by either party.

FLEXIBLE: You can also call us to settle a Lay-Buy order earlier at any given time.

CHOICE: The buyer gets to select the down-payment % they wish to pay immediately, and how many months they want the Lay-Buy to run for.

 

5 SIMPLE STEPS

1. CHECKOUT
Select Lay-Buy payment option at checkout.

2. CHOOSE YOUR PLAN
Payment calculator makes it easy for you to set up your own payment plan.

3. PAY DOWN-PAYMENT ONLY
Pay only down-payment portion amount.

4. SCHEDULED PAYMENTS
Payments are then processed on the scheduled date YOU set.

5. RECEIVE MERCHANDISE
Receive the item or service shortly after your last payment.

No interest charges ever, no membership fees ever – NO DEBT.

FAQ

Is it safe & secure?

All LAY-BUY payments are automatically setup in PayPal’s secure environment.

Are there any ongoing costs?

No ongoing costs – only a once-off 1.9% admin fee, payable to Lay-Buys.

Are there any interest charges?

No interest charges ever

Are there any late fees?

No late fees ever

Is it flexible?

Yes, customer can payout balance at any time and take an earlier delivery. Customer needs to simply contact the seller. Customer will then receive an email from merchant with an embedded payment link for their payment of balance in PayPal – and an earlier delivery.

When do I receive the goods?

Customer receives their goods after their final payment

How are Lay-Buy instalment payments paid?

Lay-Buy instalment payments are auto-paid from their linked card in their PayPal setup.

How do I ensure all Lay-Buy instalment payments are paid?

Customer to ensure there is always funds available and correct card is linked in PayPal.

Steps:

Steps to check you have correct card linked

  • Login to PayPal
  • Click ‘settings’
  • Click ‘payments’
  • Click ‘manage automatic payments’
  • Click ‘set available funding sources’

You will then see the credit card and/or bank card that’s linked to your a/c setup.
You need to ensure the correct card is residing here, and select for the recurring payments to work.

Can a customer manually make payments towards their Lay-Buy order?

No – all Lay-buy payments are automated via a recurring profile in your PayPal setup.
Customers can settle their balance at any time.

How does a customer settle a LAY-BUY earlier?

Customer needs to contact store to revise their payment plan. Customers cannot revise themselves. Customer needs to simply contact the seller. Customer will then receive an email from merchant with an embedded payment link for their payment of balance in PayPal – and an earlier delivery.

What happens if a payment is missed?

PayPal will then auto attempt again in 5 days, two more times – please ensure you have sufficient funds, and have the correct card linked in your PayPal setup.

Is the customer and merchant told about a missed Payment?

Yes, PayPal send an email notification to both parties

How does a customer catch up a missed payment?

Seller will invoice customer for any missed payments

Can a customer see their payment plan?

Yes, you can login to your PayPal account – go to settings >> payments >> pre-approved payments.
Lay-Buys do not have a customer or login section on their website

Why do PayPal auto-cancel a payment plan?

PayPal auto-cancel a profile if they cannot link the recurring payments to a card in the customer’s setup.
And they then have to unfortunately cancel the plan.
These are the steps the customer needs to follow to rectify their setup, and link the correct card.

Steps:

Steps to check you have correct card linked

  • Login to PayPal
  • Click ‘settings’
  • Click ‘payments’
  • Click ‘manage automatic payments’
  • Click ‘set available funding sources’

You will then see the credit card and/or bank card that’s linked to your a/c setup. You need to ensure the correct card is residing here, and select for the recurring payments to work. Then customer can then try place order again – and this next time, the plan will not be auto-cancelled.

For more info please click here to visit Lay-Buys website directly.