In today’s competitive retail market, flexible payment options are vital to attracting and retaining customers. LayUp Technology’s innovative lay-by system goes beyond simply splitting payments—it empowers your business to unlock a new level of growth and efficiency.
Reduced Admin Costs, Increased Efficiency
Imagine a world where chasing payments and managing lay-by agreements are a thing of the past. LayUp’s cloud-based platform automates the entire process, from initial setup to reconciliation and collection. This translates to actual savings on administrative resources, freeing you and your team to focus on what matters most—growing your business.
Boost Sales and Conversions
LayUp’s lay-by system empowers you to reach a wider audience by offering a credit-free payment solution that anyone can use. By breaking down purchase costs into affordable instalments, LayUp has been shown to increase completion rates by a staggering 60%. Additionally, the ability to spread payments over time encourages customers to spend more, with average order values increasing by up to 25%.
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Seamless Integration, Flexible Control
LayUp isn’t just about convenience for your customers—it offers complete control for your business. Our system seamlessly integrates with your existing infrastructure, whether you operate online or in-store. You have full control over payment schedules, allowing you to offer flexible options that meet your specific needs.
Need to adjust a payment plan or pause payments? LayUp will enable you to do so in seconds.
Value-Added Services Pioneered with LayUp Terminals
LayUp is creating even more value for merchants with our innovative LayUp terminals. These standalone devices require no integration with existing point of sale (POS) systems, making them an adaptable and flexible solution for various retail environments.
LayUp allows merchants to deploy their terminal devices in stores, which can process LayUp payments independently of the POS system. These terminals are provided through a partnership with Dashpay and include all necessary software installed by LayUp. This setup allows for a seamless transaction process without complex integrations. For example, Pick ‘n Pay POCs utilise these terminals to complete LayUp payments. Customisable settings on these devices allow for tailored payment structures to fit the specific needs of different merchants, including Core Group, Stutt Group, Zorora Sofas and Pick ‘n Pay.
- Terminal Fees and Rentals
Merchants can rent terminals from Dashpay, with transaction fees applied per use. This model ensures that even businesses without sophisticated POS systems can still offer flexible payment options to their customers.
- eCommerce Integration
Beyond physical stores, LayUp’s value-added services extend to e-commerce. Our solution includes an integration that allows delivery personnel to capture payment plans linked to payment invoices directly from a customer’s cellphone. This process is secured with OTP verification, which initiates the payment plan and ensures a smooth, secure transaction.
- Future Integration Goals
While our current model provides standalone functionality, we aim to achieve direct integration into POS systems. This would streamline refunds and stock management, eliminating the need for merchants to track transactions and references manually.
- Simplified Payment Management
By eliminating merchants needing to remember specific pigeonholes or references, LayUp’s standalone terminals and eventual POS integrations aim to simplify and enhance the payment management process, providing a more efficient and user-friendly experience for merchants and customers.
ALSO READ: Unlock Growth Potential With Variable Recurring Payments (VRPs)
Enhanced Customer Satisfaction
Today’s consumers demand flexibility and control over their finances. LayUp’s lay-by system empowers you to deliver a first-rate customer experience. By offering a convenient and accessible payment option, you build trust and loyalty, fostering long-term customer relationships.
Security and Peace of Mind
LayUp prioritises security, giving you peace of mind. Our system is built with robust security measures that minimise fraudulent activity risk, protecting you and your customers.
LayUp: The All-in-One Lay-By Solution
Moreover, LayUp goes beyond basic lay-by—it’s a comprehensive platform designed to streamline your business operations and unlock significant growth.
- Centralised Management
Manage multiple stores and payment methods from a single, user-friendly dashboard.
- Data-Driven Decisions
Gain real-time insights into your business performance with LayUp’s reporting tools.
- Frictionless Automation
Automate repetitive tasks and eliminate manual errors for a smoother workflow.
- Secure and Scalable
LayUp’s cloud-based system is built to grow with your business, ensuring security and scalability.
LayUp’s lay-by system is more than just a payment option – it’s a strategic tool to empower your business.
Ready to unlock the power of LayUp? Learn more. Book a call.
