LayUp provides an automated payment plan solution that seamlessly integrates with your existing, e-commerce checkout flow as an alternative payment option or in-store at the point of sale (POS). LayUp offers your users the ability to pay for goods/services by making monthly or weekly, interest-free instalments.
The customer is required to pay a small deposit (determined by you, the merchant) in order to secure the selected items at the advertised price and activate his/her payment plan. The customer then determines the number of weeks/months that they would like to pay for the product or service, subject to the maximum length of the payment plan (again determined by you, the merchant).
The customer must then fulfill their commitment and only once a payment plan is complete may the goods/services be redeemed.