Payl8r is a credit-based split payment option you can use to spread the cost of purchases for up to 18 months, including at a 0% rate plan.
There is no doubt being able to defer payments at checkout brings convenience, especially when you want to utilize the existing funds for other needs.
With many of the buy now pay later services like Payl8r, you can enjoy payment plan purchases at several retailers without being bothered with upfront costs.
Payl8r
Max. Amount
£2,500
Credit Check
Soft*
Type
Credit Line
Tip: With Payl8r, you will be able to access up to £2,500 as a line of credit that can be used to spread payments up to 18 months, including an interest-free 30-day plan.
It works similarly to using Newpay for financing as both utilize a model akin to a credit card.
The purchasing power is a line of credit limited to a certain amount depending on your bureau score and other factors determined by Social Money Limited, the parent company of Payl8r.
When you submit an application, there is a credit inquiry that will be conducted which will be a hard check to understand your financial behaviour before you can use it to complete your order.
With this, there is a temporary impact on your credit report as it will be visible when being reviewed by other financial institutions.
However, you can assess your eligibility without any effect before you apply, the process uses a soft inquiry and just like when you check your credit score, it will leave no impact.
There are different payment plans when using Payl8r, including 3, 6, 9, 12, and 18 months.
Irrespective of the plan you select at checkout, you can avoid paying interest by completing the payments within 30 days.
However, there is a fixed monthly interest rate of 1% – 6% beyond the free period and if you continue payments, you can end up paying up to 72% in annual interest rate.
Payl8r reports to the major credit bureaus and depending on your activities, it may improve your credit score or negatively impact it.
In addition to that, defaulters will face a penalty fee of up to £30 when the due instalments are not paid on time. This fee will be applied after the grace period of 28 days.
Before you apply, ensure you have some funds because it will charge a credit check fee of £2 (refundable if approved) and an application fee of £4.95 otherwise, you may be declined.
Online Shops that Accept Payl8r
Below is a list of top stores that support payment plan purchases using Payl8r:
Electronic Shops that Accept Payl8r
Below electronic shops accept Payl8r for financing:
Cash Generator
This retailer offers a range of pre-owned and new goods, including electronics, jewellery, and household items.
Cash Generator is one of the popular merchants that support payment plan purchases using the line of credit offered by Payl8r.
Its inventory includes various items such as electronics like smartphones, laptops, and gaming consoles, as well as jewellery, musical instruments, tools, and household goods.
You can also use Klarna to pay in 3 instalments when shopping on its website.
AW Gaming
This brand specializes in custom-built gaming systems, providing tailored solutions for gaming enthusiasts. On its portal, you can also purchase accessories such as keyboards, mice, Bluetooth adapters, and other peripherals.
Back to the Office
You can purchase a variety of electronic items when shopping on the platform, including different brands of laptops, PCs, phones, tablets, and TVs to audio devices. It also retails home and lifestyle products like security cameras, smartwatches, and others.
Cheshire Macs
This retailer deals in refurbished Apple products, including Macbooks and iPhones. It also provides repair services for faulty Apple devices.
Beauty Shops that Accept Payl8r
You can purchase skincare, make-up, and other beauty items using Payl8r at:
Beauty Works
This retailer collection includes hair extensions, hairpieces, and beauty products.
This platform has multiple payment plan methods and you can also opt to use any of Klarna, Clearpay, and PayPal Pay in 3 when shopping on the website.
It offers a comprehensive selection of hair care and styling products, from shampoos and conditioners to styling tools and treatments which can be financed through its acceptance of Payl8r and others.
Jessica Rose Aesthetics
It provides aesthetic treatments, offering a range of services including Botox, dermal fillers, PDO threads, and skincare treatments.
Magpie Beauty
The brand offers a range of nail products and accessories, including gel polishes, acrylic powders, nail art supplies, and tools for professional nail technicians and enthusiasts.
Million Dollar Facial
This brand provides a range of facial care items with its Medi+ line of products targeting acne, anti-ageing, pigmentation, dry, and dehydrated skin among others. It also offers other products like MD Peels and DermaGlide range of skincare essentials.
Snatch & Glow
This platform offers different aesthetic services, including facials, chemical peels, microdermabrasion, dermaplaning, microneedling, rejuvenation, PDO threads, bridal settings, and more.
Faces by AKJ Aesthetics
Faces by AKJ is a well-known aesthetic solution provider with operations in different countries offering services like fat dissolving, skin boosters, COG thread treatments, fillers, neck contouring, nostril-flaring, and others.
Faces Consent
It is an online platform that allows clients to schedule appointments for beauty and aesthetic services offered by professional providers in the salon, spa, and beauty industries.
Sophie Marie Studios
It is an aesthetic clinic in South Manchester offering services that include fillers, dermaplane, liquid rhinoplasty, tear-through, vitamin injection, chemical peels, and microneedling among others.
Course Providers that Accept Payl8r
Many educational resource providers also support payment plans using Payl8r, including:
PassMeFast
This platform offers resources designed to help learners pass their driving tests.
Unlike traditional driving schools, PassMeFast offers a flexible approach to learning, catering to individuals with varying levels of experience and learning needs.
Its courses cover several areas, including Greater London, Midlands, South East, North West, Yorkshire, and many other counties.
When booking a lesson, you can decide to make a part payment or the full costs and with the acceptance of Payl8r and Klarna, this can be made through instalment plans.
The Beauty Academy
TBA is a leading provider of aesthetics training courses, offering education for aspiring beauty professionals.
UniLearning
This company offers a wide range of courses including personal training and sports massage. Its resources are tailored towards health and fitness qualifications.
Bradstone Allington
It offers training across diverse industries such as law, business, accountancy, education, human resources, facilities management, digital marketing, and web design. Their programs cater to all skill levels and include job placement support.
GoGoGo Intensive
This company also provides driving courses but covers learners within the city of Peterborough where its office is located.
PureGym Academy
This is a specialized training program offered by PureGym, providing comprehensive fitness education for aspiring personal trainers. Its courses are delivered online and the platform also provides placement support upon completion.
Open Study College
This platform offers a wide range of distance learning courses, including GCSEs, A-Levels, vocational qualifications, and professional development courses.
Wise Global Training
It provides an online platform for health and safety training courses, offering a wide range of accredited qualifications and certifications (IOSH and NEBOSH).
Auto Shops that Accept Payl8r
You can also enjoy financing at the below automobile dealers when using Payl8r:
Car Enhancements UK
It specialises in producing and supplying a variety of ultra-bright LED/SMD bulb replacements and ultra-bright Halogen upgrades for vehicles.
The platform is popular for its automotive customization and enhancement solutions, offering a wide range of products and services to enhance the appearance and performance of vehicles.
You can enjoy car parts purchases through an instalment plan when you checkout using either the Klarna option or Payl8r.
Eco Rider
The brand specializes in adult electric quad bikes and all-terrain vehicles (ATVs) that offer eco-friendly transportation options for off-road adventures.
Kids Quads
It offers a range of quad bikes designed specifically for children, providing them with exciting and safe off-road adventures. With various models and sizes available, it enables young riders to enjoy outdoor exploration.
Sports and Outdoor Gear Retailers that Accept Payl8r
York Fitness
It provides fitness equipment and accessories, offering a wide range of products for home and commercial use.
York Fitness has a collection of items that includes treadmills, exercise bikes, elliptical trainers, strength training equipment, free weights, and accessories such as mats and resistance bands.
Boatman
The platform specializes in the retail of bait boats and accessories, providing anglers with essential equipment for successful fishing trips.
CPS Tackle
It is an online shopping portal for fishing tackle and equipment, offering a wide range of products for anglers of all skill levels.
Outlaw Pro
The platform is also a tackle and bait shop, providing anglers with a wide range of fishing equipment and supplies.
Tackle Addicts
This is another tackle store that accepts Payl8r for financing. Just like others, it stocks a variety of items you can get for fishing and other angling needs.
Golfrus
It is a retailer specializing in golf equipment and accessories. The platform offers a wide range of products, including clubs, balls, apparel, and accessories.
GB Ultras
This company organizes ultra-running events in Great Britain, offering challenging and scenic races for runners of all levels. It focuses on endurance and adventure, providing memorable experiences for participants pushing their limits in long-distance running.
Furniture Stores that Accept Payl8r
Sofa World
The platform offers a diverse range of sofas and furniture. With a variety of styles and designs, they provide comfortable and stylish seating options to suit every taste and enhance any living space.
Sofa Club
Another online retailer that offers a different selection of sofas suitable for varying corners of the home and office.
The Door Company UK
This retailer has a wide selection of doors and accessories with different styles, materials, and finishes for both residential and commercial properties across the UK.
Other Stores that Accept Payl8r
Ramsdens Jewellery
This is an online platform offering a wide range of new and pre-owned jewellery and luxury watches.
Little Bubas
Little Bubbas Baby Shop is into the sales of car seats and travel systems for kids of different age grades. You can also purchase toys and strollers on the platform.
Note that we understand the below are age-restricted merchants and we are not liable for anything bought as this content is for informational use only.
Below are some other outdoor and adventure gear providers that support financing with Payl8r:
- Bespoke Airsoft
- Defcon Airsoft
- Pellpax
- Range and Country Shooting Supplies
- Patrol Base
- The Airgun Centre
- Redbeck Shooting Supplies
- Surplus Store
Frequently Asked Questions on Payl8r
Below are some of the questions about using Payl8r for checkout instalment plans:
What is Payl8r?
It is a payment plan option you can use to finance your purchases at several retailers through a line of credit which can be repaid within 18 months.
Does Payl8r check credit?
Yes, it involves a credit check using Payl8r to make payment.
There is a soft inquiry which will be used during the eligibility check phase to see if you will qualify for its line of credit. After this, proceeding with an application involves a hard inquiry.
While the soft check will leave no impact on your credit score, its hard inquiry will.
Can I change the payment date on Payl8r?
Yes, you can change when you want to make a payment.
For early payments, you will need to contact the support desk but if you want to extend your next due date, note that Payl8r has a grace period of 28 days to make payments at no cost.
If you are in financial difficulty and need more days to make payments, simply reach out to its support desk explaining your situation.
Can I pay off Payl8r early?
The platform accepts early payments and this will not cost any fee. Doing this will free up more credit from your balance that can be used for new orders.
Is Payl8r interest-free?
It has an interest-free period of 30 days. If you do not complete the full payments within the first 30 days, you will be charged a fixed monthly interest.
What is the interest rate for Payl8r?
It has a fixed monthly interest rate between 0% to 6% depending on your credit profile and other factors determined by Social Money Limited.
With its good line of credit and options in terms of the retailers that accept at checkout, having Payl8r as one of the means to spread the cost of your purchases enables convenience.
However, completing the full payments early will help you save on cost and you could avoid paying up to the annual interest rate of 72% while using it.
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