Laybuy was known for enabling weekly instalment purchases through multiple channels with up to 6 payments and an option to extend if required.
When it comes to using buy now, pay later services, several options enable payment plan shopping at top retailers online and offline.
Just like others, Laybuy used to provide varying channels, including direct at checkout and BNPL virtual cards that you can utilize to split your order costs.
Laybuy
Max. Amount
£720*
Credit Check
Soft*
Type
BNPL
Tip: Laybuy was a weekly installment-based split payment provider that could be used by selecting the option where it was accepted or using its virtual checkout card.
While its interest-free pay in installments was similar to how Clearpay works, the platform required a weekly repayment, unlike Clearpay’s biweekly nature. However, both could be used for up to six weeks of spread payments.
The platform determines the first-stage eligibility through a soft credit check that will not have much impact on your bureau score. It may perform a hard inquiry if you were approved with a successful order.
It was a feature-rich packed option for payment plan purchases at several retailers online, including those that do not accept it directly, as it also offered a buy now pay later card similar to that provided by Klarna for shopping.
While the single-use version could be generated when you are shopping through the Laybuy app, there was a variation that sits in the in-store tab that could be used at many physical retail outlets.
Just by connecting the card to one of the popular digital payment wallets, you would be able to spread the payments for your orders across several merchants, including at restaurants and eateries.
You could also utilize its Boost for over-the-limit purchases, and if you tried this similar feature available when using Zilch for payment plans, it had an advantage that reduced the number of failed attempts when using Laybuy.
Through the Laybuy Boost, you could use the option to checkout if your order value is more than the available purchasing power assigned to you, but the over-the-limit will form part of your first instalment instead of the transaction getting declined.
It does not specify a minimum and maximum spend limit, but at most retailers, it was available to use for transactions ranging from £20 to £720.
The platform had a penalty fee when you missed a payment, which was £6 the first week and another £6 after 7 days if you delayed due repayment. This late payment fee could be up to £24 per order, depending on the length of the delay.
Laybuy used to report to credit agencies, and non-payments could have a negative effect on your credit score.
However, it offered a break-in payment feature that you could utilize to shift your due date for up to two weeks if you were unable to pay on the expected date.
Apps like Laybuy to use for Purchase Financing
Below is a list of popular alternatives to Laybuy that allow you to make instalment payments:
Klarna
- Virtual Card
- Mobile App
- In-app Shopping
- Interest-free Option
- Pay in 2 months or 30 days
Klarna is one of the popular choices when it comes to apps like Laybuy in the UK, thanks to similar packages that include a huge presence on several merchant payment channels.
Apart from the direct checkout method, one of the features that makes it a favourite for many is its virtual card, a convenient option that can be generated and used for payment online and offline through popular digital wallets.
You can use Klarna for financing at several retailers, including top service providers, through its mobile app and the Chrome extension.
In terms of length, you may prefer it to Laybuy with its Pay in 3 longer for up to 2 months of instalments.
The platform also offers Pay in 30 days, and you will not make a downpayment when approved for this option at checkout until the 30th day when the full cost of the purchase will be charged.
Zilch
- Virtual Card
- Mobile App
- In-app Shopping
- Interest-free Option
- Pay in 4 months or 6 weeks
Zilch is another good alternative among apps like Laybuy in the UK you can use for shopping in instalments.
While features like virtual cards, in-app shopping, and mobile apps are offered by many of the alternatives, Zilch is one of the few that allows over-the-limit shopping similar to Laybuy Boost.
With Zilch Boost, you can make purchases and check out if the cost is more than your assigned limit.
The extra above your purchasing power will be charged as a direct debit transaction, and your connected repayment card will be charged.
It has an interesting virtual card, serving as a financing tool, and a debit card with rewards.
When you use the card directly without pre-planning your transaction, it will be treated as a direct debit request, but you will earn cashback that can be used to redeem deals on the platform.
Clearpay
- Virtual Card
- Mobile App
- In-app Shopping
- Interest-free Option
- Pay in 6 weeks
Clearpay is known for its Pay in 4, enabling users to spread the cost of their purchases for up to six weeks, starting from the day of the transaction.
While many merchants support it directly on their websites in the UK, you can use your account to purchase from retailers abroad through its Cross Border Trade feature as it has a presence in countries that include the US, Canada, and Australia as Afterpay.
You can also generate virtual cards for payment, and with its support for gift cards and in-app shopping, the platform provides more options for convenient usage.
Payl8r
- Direct at Checkout
- Credit Line
- Up to 18 months instalment
- 30 Days Interest-free Option
Payl8r works differently compared to many of the apps like Laybuy in the UK but considering its features, especially the interest-free plan if you repay in full within 30 days, it deserves to be on this list.
Unlike others that assign purchasing power, you will be given a credit line of up to £2,500 when approved for Payl8r financing.
This can be used for payments with plans including 3, 6, 9, 12, and 18 months.
V12
- Direct at Checkout
- Credit Line
- Up to 120 months instalment
- 12-Month Interest-Free Option
V12 Finance is another popular alternative to Laybuy in the UK. It allows you to make instalment purchases at well-known retailers.
When you compare it to many of the other options on this list, the platform offers a higher credit line, and you may be eligible if you have a good credit score.
Its plans vary, but the 12-month option is interest-free if you complete the full payment within that period.
In terms of downpayment, the lowest is 10% at most of its retail partners, making it better than the 25% of Laybuy.
If you want a good alternative for high-ticket purchases, this is one of the apps like Laybuy in the UK you should consider.
Humm
- Direct at Checkout
- Up to 36 months instalment
- 3 – 12 Months Interest-Free Option
Humm is growing in terms of its presence online, with many merchants having it as an alternate payment option for instalment purchases.
Many of its partner retailers are spread across categories that include electronics, sofas, and other home needs.
You can also enjoy interest-free financing where it is supported if you repay within three months for transactions between £80 to £500, the 12-month plan can be used for cart value of at least £500.
PayPal
- Direct at checkout
- Mobile App
- Interest-free Option
- Pay in 2 or 4 months
Thanks to its wide merchant network and acceptance, you cannot have a list of popular apps like Laybuy in the UK without PayPal.
Known for its Pay in 3, you can utilise it to spread payments up to 2 months, starting from the date of purchase on cart value between £30 and £2,000.
If you need financing for a higher amount, there is also the PayPal Credit option, which you can use for up to four months in instalments.
It offers interest-free features for both options, but if you go beyond the allowed period, an APR of 23.9% will apply to its credit plan.
Newpay
- Direct at checkout
- Mobile app for shopping
- Interest-free Option
- Plans from 6 to 24 months
Newpay is another direct-at-checkout option on this list of apps like Laybuy in the UK, available at top merchant websites.
It has different plans, including 6, 12, 18, and 24 months. All are of no interest if you pay your full balance before the statement due date.
While Newpay has no virtual card, its parent company, Newday, has an optional service called Bip that you can utilise with any digital wallet for purchase financig.
Snap Finance
- Direct at checkout
- Mobile app for management
- Interest-free Option
- Up to 48-month plan
Snap Finance is a popular payment plan provider, especially when you want to spread the cost of sofa purchases.
You can use it for four months without any interest, but the longer plan, extending to 48 months, comes at a rate between 19.9% and 29.9% in representative APR.
Novuna
- Direct at checkout
- Mobile app for management
- Interest-free Option
- Up to 120-month plan
Novuna is one of the apps like Laybuy that allows you to finance your purchases. Its high spending value makes it a great choice for big item purchases.
This option also has different plans, but for installment purchases between 1 and 12 months, you can enjoy interest-free repayments.
Its maximum length is 120 months and usually requires a down payment when used at checkout.
With an array of methods you can utilize for payment plan purchases, apps like Laybuy in the UK can be a good way to enjoy convenient instalments at some of your favourite retailers.
While using them, commit to on-time repayments to enjoy the interest-free service with no late payment fee or your credit score being affected using any of the Laybuy alternatives.
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