Lay-By
We’ve built the future of Lay-By payments, today
We exist to open access to markets,
driving financial inclusion across Africa.
Driving real results
Why market leaders are choosing LayUp
Reduce admin costs:
LayUp’s cloud-based system automatically tracks, reconciles and collects all payments, handling the hassle for you.
Increase completion rates:
Open access to a wider audience with the credit-free payment solution that everyone can use. With interest-free instalments, LayUp completion rates increase by up to 60%.
Increase purchase value:
Average order values increase by up to 25% as payments are broken down into more affordable weekly or monthly payments.
Payment methods
How it works
Powering eCommerce and in-store Lay-By payments.
Transition your business into a new era of digital payments with
a digitised recurring payments system.
- How Lay-By works online
- How Lay-By works in-store
Your customer selects LayUp at checkout and configures their payment plan.
Your customer will enter their details, initiating a one-step OTP sign up. Once signed up, your customer activates their Lay-By with a debit/credit card, instant EFT, Debicheck or Cash. This enables a view of their Lay-By plan and pay instalments from their customer dashboard. Customers will also receive automated timely payment reminders.
Our system will collect, track and reconcile payments. You will automatically receive payments on monthly or weekly due dates.
Once a payment plan is complete, LayUp’s system will notify you to dispatch it to your customer.
Your customer selects LayUp at checkout and configures their payment plan.
Your customer will enter their details, initiating a one-step OTP sign up. Once signed up, your customer activates their Lay-By with a debit/credit or instant EFT deposit. This enables a view of their Lay-By plan and pay instalments from their customer dashboard. Customers will also receive automated timely payment reminders.
Our system will collect, track and reconcile payments. You will automatically receive payments on monthly or weekly due dates.
Once a payment plan is complete, LayUp’s system will notify you to dispatch it to your customer.
Configure your customer’s payment plan using the POS terminal or LayUp mobile app. Your customer is required to pay a deposit amount – set by you – via card or cash.
Once the deposit is paid and the payment plan is active, your customer will enter their details and a one-step OTP sign up is initiated. This enables them to view their Lay-By plan and pay instalments from their customer dashboard. Customers will also receive automated timely payment reminders.
Our system will collect, track & reconcile payments. You automatically will get paid on due dates – monthly or weekly.
Once a payment plan is complete, LayUp’s system will notify you to dispatch it to your customer.
Configure your customer’s payment plan using the POS terminal or LayUp mobile app. Your customer is required to pay a deposit amount – set by you – via card or cash.
Once the deposit is paid and the payment plan is active, your customer will enter their details and a one-step OTP sign up is initiated. This enables them to view their Lay-By plan and pay instalments from their customer dashboard. Customers will also receive automated timely payment reminders.
Our system will collect, track & reconcile payments. You automatically will get paid on due dates – monthly or weekly.
Once a payment plan is complete, LayUp’s system will notify you to dispatch it to your customer.
How does a lay-by work for businesses?
A lay-by is a type of payment plan that allows businesses to receive payments from their customers over time, rather than in one lump sum.
To set up a lay-by, businesses will typically require customers to make an initial deposit, and then specify the number of regular payments that they wish to make. These payments are often taken directly from the customer’s bank account or credit card on a schedule determined by the business owner.
Overall, if businesses are looking for a simple, convenient way to receive payments from their customers, a lay-by plan may be the right solution.
The benefits of doing lay-by for your business
There are several benefits for businesses who choose to use lay-bys as their payment method. For starters, it enables them to get paid immediately for products or services while still giving customers time to pay off the full cost. Additionally, it helps build stronger relationships with customers by allowing them more flexibility in making payments.
How long does a lay-by last for businesses?
A lay-by typically lasts for a period of several months, depending on the specific terms and conditions set out by the business.
Typically, businesses that offer lay-bys will require customers to make regular payments towards their purchase over this time period in order to finalise the transaction. In some cases, businesses may also charge an initial deposit or administration fee upon signing up for a lay-by agreement.
What is virtual lay-by for businesses?
Virtual lay-by is a payment method that allows businesses to collect payments from their customers before they receive their products or services. This can help streamline the checkout process, increase sales, and provide a convenient payment option for customers.
Some of the benefits of virtual lay-by for businesses include faster transaction times, higher customer satisfaction, and improved cash flow management. Whether you are an ecommerce store or a brick-and-mortar business, virtual lay-by can help you grow your business and reach more customers in today’s technologically advanced world.
So, if you’re looking for a way to improve your sales and better serve your customers, consider incorporating virtual lay-by into your business operations today.
Download the free LayUp app
No integration required and zero monthly fees.
Get started in seconds with a truly risk-free
in-store payment solution.
Trusted by leading brands
Built for Africa
A Lay-By payments solution made digital
Reduce admin costs:
The advanced automated platform handles all tracking and reconciliation, reducing administrative resources.
Flexible payments:
Choose the frequency and length of payments. Amend or pause in seconds.
Works across platforms:
A credit-free payment solution that any customer can take advantage of.
Remove fraud:
Reduce the risk of fraudulent activity with a system that is completely secure.
Simple to manage
Automated tracking, reconciliation & reporting
LayUp’s platform makes it easy for your business to collect and manage recurring payments using the merchant dashboard. Get full visibility of each payment plan in a centralised cloud-based system.
Simple to manage
Automated tracking, reconciliation & reporting
LayUp’s platform makes it easy for your business to collect and manage recurring payments using the merchant dashboard. Get full visibility of each payment plan in a centralised cloud-based system.
Get started with LayUp
Enjoy low transaction fees and flexible settlements,
without a monthly contract.
