How Does LayBuy Workand What Are Its Advantages?

Since its inception, LayBuy has quietly grown its retailer partners and consumers by offering interest-free terms and a 6-week payment period to everyone who uses its service.

But is LayBuy a decent deal, and should you take advantage of it?

We’ve put together a LayBuy guide to illustrate how the payment system functions, the advantages and drawbacks of using it, as compared to credit cards and store cards, and essential ‘must-know’ facts and tips for successfully using LayBuy.

What is LayBuy and where can I use it?

Signing Up and Being Accepted

Signing up is only possible online, and applicants must have the following information:

·         Name in full

·         The birthdate

·         Postal Code

·         Number of your driver’s license (if not available, a passport page scan is required)


The range of products and services are in-store and online, with the majority working in the apparel industry. Smith’s City, Stirling Sports, Amazon, and over 1,000 other retailers are examples.

Buying Something

LayBuy allows you to make a purchase in two ways:

·         In-Store: Partnering stores are identified on the lay-buy website. Providing your phone number at the counter triggers a payment plan for the order, which is done when the users click “Pay Now.”

·         Online: Online merchants will state on their website that they sell LayBuy, and once a basket of products is at the checkout, choosing LayBuy as a payment option will show the 6 weekly payment amounts.

In all cases, whether digitally or in-store, you will be required to pay 1/6 of the total cost of the goods or service up front, which can be paid with a payment method. The remaining five 1/6 payments are due over five weeks and will be credited to your credit or debit card on the same day per week – LayBuy expressly states that you cannot adjust your payment day.

Laybuy allows consumers to choose the transaction day prior to placing their order, which is very convenient. Customers will now match a repayment plan to their day of workplace payment.

Reminders and Repayment

LayBuy accepts only Mastercard and Visa credit and debit cards. Money transfers, auto payments, and direct debits are not accepted by LayBuy.

The planned payment dates are listed in the order confirmation email that is sent when an order is accepted. If you don’t have the email, signing in to the LayBuy website will provide you with the details.

LayBuy will give you a series of reminders to ensure that you have enough money in the bank for the direct debit to clear. With additional payments, there is a simple, fixed, normal, and attainable endpoint – your transactions will be paid for in just 6 weeks.

Penalties for late payments and unpaid balances

If you do not have enough money to make a transaction and fail to make it on the due date, you will be assessed a $10 penalty. If you do not make the repayment within 7 days, you will be fined an additional $10 for each week the repayment is not made. The total amount of outstanding fees is limited to $60.