The BPNL providers that made our list are an excellent option for solo merchants and businesses of all sizes looking for a simple and user-friendly way to manage customer payments more efficiently.
If you’re new to BNPL services, read on to understand how they work and discover the best buy now pay later providers available in the UK.
Let’s start with a short table to compare their processing rates and fees.
| BNPL Provider | Processing rates and fees |
|---|---|
| Klarna | Varies by customer and business type |
| Clearpay | 6% + £0.30 per transaction |
| Laybuy | Not fixed: 4% up to 10% per transaction |
| Payl8r | Not fixed: 1% or more |
| Splitit | Not fixed: 1.5% up to 6.5% per transaction |
| DivideBuy | No info |
| Zilch | £2.50 per BNPL transaction |
| Zip | No info |
| Billie | No info |
Sections
1. Klarna
Klarna is the original and biggest BNPL company in the UK.
Klarna offers a variety of services for both merchants and shoppers in the UK. Here’s a summary of what each offers:
Klarna for Business (Merchants)
- Payment Solutions:
- Pay Now: Immediate payment options for customers using bank transfers or cards.
- Pay Later: Allows customers to pay within 14 or 30 days after the purchase, increasing conversion rates.
- Financing: Offers flexible financing options for larger purchases, where customers can pay in monthly installments.
- Increased Sales and Conversions:
- By providing flexible payment options, merchants can attract more customers and reduce cart abandonment.
- Risk Management:
- Klarna assumes the risk for merchants by handling credit and fraud checks, ensuring merchants receive payments while Klarna handles any potential customer defaults.
- Integration and Customization:
- Easy integration with various e-commerce platforms and customizable checkout solutions to fit the merchant’s brand and customer experience.
- Marketing Support:
- Merchants get access to Klarna’s marketing resources and promotional tools to drive traffic and increase sales.
- Analytics and Reporting:
- Detailed insights and analytics to help merchants understand customer behavior and optimize their business strategies.
Klarna for Shoppers
- Flexible Payment Options:
- Pay Now: Customers can pay immediately using their preferred method.
- Pay Later: Enables customers to receive and review their purchases before paying, with no interest if paid on time.
- Pay in 3: Splits the cost of purchases into three equal interest-free installments.
- Financing: Flexible monthly financing plans for larger purchases, with clear terms and conditions.
- Shopping App:
- A user-friendly app that provides a seamless shopping experience, allowing customers to manage their purchases, payments, and returns in one place.
- Purchase Protection:
- Klarna offers buyer protection for all purchases, ensuring customers are covered in case of any issues with their orders.
- Personalized Shopping:
- Shoppers receive personalized recommendations and exclusive deals based on their shopping behavior.
- Budgeting Tools:
- Tools and features to help shoppers manage their spending and keep track of their payments and due dates.
- Rewards Program:
- Klarna Rewards Club offers points for every purchase made through Klarna, which can be redeemed for various rewards and discounts.
2. Clearpay
Launched in 2014, Clearpay is recognised as the subsidiary of the Australian BNPL service, Afterpay. Afterpay has gained a broad merchant base not only in the United Kingdom but also in the US, Canada, Australia, New Zealand, and Europe.
In August 2021, Square, one of the leading companies in the POS and payment technology sector, completed a merger and acquired Afterpay. Today, the company has over 19 million active users worldwide. Among these, the top 10% of the most active mobile app users make purchases through the app over 32 times yearly. The company sends about 1 million worldwide referrals to businesses straight from the Shop Directory.
Clearpay Mobile App for Shoppers
To buy products with Clearpay, shoppers have to download the free mobile app and create a personal account.
Shoppers can purchase products from all the listed brands via the mobile app, but only a few companies offer in-person shopping with Clearpay. You can see which companies nearby your location offer in-person purchases by clicking on the tab that says In-Store.
If you’d like to buy something in person but purchase it via Clearpay, you’ll have to set up and order the payment card by Clearpay. Once you do that, you can buy it via the app and collect it from the shop the same day. You’re allowed to pay in instalments over a period of no longer than six weeks without additional interest.
To pay for the product, open the mobile app and click the “Pay in-store” option under the “Authorise” button. You can pay with Google or Apple Pay.
How Does Clearpay Work?
Clearpay collaborates with thousands of internationally renowned retailers, allowing customers to purchase online and in-person products via a mobile app. Some of the most popular brands that sell products on Clearpay’s mobile app include Sephora, Urban Outfitters, Pandora, Boohoo, FootLocker, and Asos, to name a few.
Customers can choose to pay with Google Pay or Apple Pay instantly or defer the payments in a one-month to six-week period.
Shoppers proceed with their online or in-store shopping as they usually would, opting for Clearpay as their payment choice during checkout. This stage involves signing in, setting up a Clearpay account, and submitting bank or card information.
The total payment for the purchase is divided into four equal instalments. The initial instalment is processed instantly, while the remaining three are automatically deducted from the shopper’s account in two-week increments.
Clearpay doesn’t enforce a minimum spending requirement, but individual stores selling mobile app products might so check this with the retailers.
The Clearpay app provides an estimated maximum spending amount you’re pre-approved for before purchasing. However, this figure is an estimate, not a definite approval guarantee.
Clearpay for Merchants
Clearpay has an ongoing call for businesses that want to sell products or services on the app. The mobile app is an excellent option for businesses of all sizes, especially new brands looking for easy ways to attract more customers.
Companies that sell on their platform usually get a 40% increase in new shoppers and can expect about 15% higher sales revenue yearly and about 50% increase in sold items.
If you decide to submit an application, Clearpay will respond within a few days. If your application is approved, you can create an online account and access Clearpay’s dashboard via the merchant portal.
Whenever you make a sale on the mobile app, you will receive the payment funds in your bank account connected to the Merchant Portal within several days. Also, when you access the dashboard, you can download data reports on your sales and payments within a specific timeframe.
If you’d like to sell your products or services on Clearpay, you can submit your application using the following link.
3. Laybuy
Laybuy is a London-based buy now pay later provider whose services you can use by downloading a mobile app for Android and iPhone. The company’s services are available in the UK, Australia, and New Zealand for individuals over 18 years of age.
Laybuy allows users to buy products in person or online and pay over the next six weeks instead of being charged immediately.
Laybuy for Merchants
Laybuy is currently conducting an open call for merchants interested in selling their goods and services on the mobile app. Businesses based worldwide can sell and ship their products to shoppers in New Zealand, the UK, and Australia.
The company guarantees instant payout to all businesses that sell on the app, so whenever you sell a product or service, you’ll receive the money in seconds in your bank account connected to your Laybuy profile.
The mobile app’s software is risk-free and PCI DSS compliant, so all processed payments and cardholder data are 100% safe from data breaches.
If you’re a business owner and want to sell on Laybuy, you can submit an application via their website.
How To Manage Payments With Laybuy?
Managing payments via Laybuy is straightforward. All you have to do is enter the dashboard and click on the “Payments” button to access and track all transactions in one place. The app also allows you to create a payment schedule where you can choose specific days when you’d like to pay for products.
Laybuy users are obligated to process payments each week. If you miss transferring the weekly amount, you will be charged an additional fee.
Laybuy Mobile App for Shoppers
Laybuy’s mobile app can be downloaded for free on Google Pay or Apple’s App Store. Once shoppers download the app, they can create a personal account and browse numerous retail brands offering online or in-person purchases.
The app allows you to create personalised lists of favourite items and even save products in the “Wishlist” category.
The in-shop payment option is flexible and can be set up quickly from the app. To use it, you must order Laybuy’s card. Once you activate it, you can add it to your Apple or Android digital wallet in 30 seconds.
With this method, you can simply tap to pay at your preferred stores and collect the product the same day you order it. Your purchase amount will be conveniently divided into six interest-free weekly payments.
Laybuy’s Tap to Pay Feature
Laybuy has partnered with the internationally renowned MasterCard to create a new payment feature known as Tap to Pay. You can use this payment method on iPhone and Android to purchase products from selected retailers, like Briscoes, Typo, Superette, The Cosmetic Clinic, and Yu Mei, to name a few.
Here’s a list of all the stores that offer Tap to Pay.
To set it up, you’ll need to download the app and click on the button “Activate Now” on the app’s home page. Then, you’ll have to add Laybuy’s Mastercard to an Apple or Android digital wallet. Sometimes, you’ll be required to type a code for verification that you’ll receive on your phone.
4. Payl8r
Payl8r is a UK-based in-store and online buy now pay later provider that offers payment services via a mobile app only in the UK.
The company has partnered with businesses that provide products and services in the retail, cosmetics, training and sports industries. Some of their partners include The Door Company UK, Boatman, PureGym Academy, and Beauty Works, to name a few.
You can browse through all of Payl8r’s partners on the Shop Directory page.
Payl8r for Merchants
Businesses that subscribe to one of Payl8r’s monthly plans can add a Payl8r button at checkout. With this payment method, there are fewer chances for cart checkout abandonment. Once integrated, customers can select Payl8r and choose a payment plan that suits them.
Businesses can use the following features:
- In-store payment method: Payl8r’s in-store payment option is the ideal choice for businesses that want to allow shoppers to apply for financing during their shopping experience. They can integrate a link with Payl8r’s Mailer system and unlock the ability to provide adaptable finance solutions wherever customers make in-store purchases.
- Payment links: Businesses can generate and dispatch finance requests to customers’ mobile devices through the portal page. Customers will get access to one they subscribe to using Payl8r. They will automatically receive emails whenever there’s an approved payment, and the funds will be transferred to a bank account within 24 hours on work days.
Prices and Fees for Businesses
Payl8r offers three subscription plans specifically tailored for businesses of varying sizes.
Payl8r Zero
The Zero plan is ideal for solo merchants and small companies. The setup rate costs £299 and must be paid only once. Depending on the contract, there’s a 0% service rate for the first one to three months. After that, the service rate costs £69 monthly.
By subscribing to the Zero plan, you can access the Merchant Portal to use Payl8r’s in-store and eCommerce tools and features. You can also create payment links and use selected marketing features.
Payl8r+
This subscription plan is perfect for small or medium-sized companies. To subscribe for it, you’ll need to pay £325 once. You don’t need to pay a service rate during the first three months. After the initial 3-month period, you’ll have to pay £49 monthly. The subscription agreement can be made to last six, nine, or twelve months, with an option to renew it.
In addition to the features included in the Zero plan, you’ll get the following by subscribing to Payl8r+:
- A personal account manager
- Payment transactions in 24-48 period
- Pre-qualification feature
- Access to Accept+
- Pre-integrated eCommerce checkout
- Detailed monthly reports and analytics
Payl8r Pro
This subscription plan is tailored for large companies and enterprises. The fees and rates are customised by Payl8r and depend on the applicant’s size and sales revenue. Businesses can apply for monthly subscriptions and sign an agreement for up to two years, with an option to renew it.
By subscribing to this plan, you’ll get access to the same tools and features included in the other two plans. Additionally, you’ll get to create email campaigns and marketing content through the Merchant Portal.
The company offers free demo trials, so if you’re interested in learning how it works before subscribing, you can send your inquiry here.
Payl8r for Customers
Payl8r is currently developing an online shop, so if you want to use their payment services, you must select the Payl8r button during the online shopping checkout process. The other option is to ask if you can pay through the mobile app if you’re purchasing products from their partners in person.
The company will instantly inform users if the order can be completed via their Payl8r account. If there is an issue with processing the payment, they’ll send an email to connect the account to a bank so they can make a financial viability evaluation.
Customers will receive an email, tracking, and delivery information when they approve the order.
How to Use Payl8r
When shopping at one of Payl8r’s partnered stores, you can simply proceed to the checkout and opt for the button that says “Payl8r” as your preferred payment method. You can easily manage your payments by accessing your Payl8r account, where you can review your purchase history and track upcoming payment deadlines. Then, you can customise your payment plan by selecting the deposit amount and repayment terms that suit you best.
There are three payment options:
- A fast and user-friendly payment experience with a 30-day repayment period, free from any interest charges.
- Divide your shopping expenses over a three, six, nine, or twelve-month period with added interest.
- Spread the cost of your purchases without incurring interest. The number of interest-free payments depends on your credit profile.
5. Splitit
Splitit is a New York-based BNPL provider that allows subscribers to split their purchases into manageable instalments.
There is no interest or additional fee you need to pay to use its features. With Splitit, managing monthly payments is simple, thanks to flexible plans and secure payment platforms available for both online and in-store transactions.
Splitit for Merchants
Splitit has partnered with various businesses that offer services in the furniture, luxury, jewellery, and sports industries. Some of their best-known brand partners are Gem Shopping, Ableton, Google, Ali Express, Byte, Canyon, Nectar, and James Allen.
Splitit offers plenty of cost-effective business features, including no interest, transparent pricing with no hidden charges, and a simple checkout process for a smoother shopping experience. Businesses can customise instalment plans according to their preferences, allowing customers to pay over a chosen period.
One of Splitit’s standout advantages is its top-notch security measures. The company uses advanced encryption technology and safeguards credit card information by using a fraud detection system that actively monitors every checkout step. The system will alert account owners if it detects any irregularities and ensures customers feel entirely secure when utilising their services.
Splitit for Customers
Splitit provides three convenient payment choices:
- Purchase-based plans: Customers can split their purchase amount into several instalments with purchase-based split payments.
- Subscription-based plans: As the name suggests, these types of plans enable customers to make monthly payments over a fixed period.
- Interest-free loans: Interest-free loans are ideal for larger purchases, allowing customers to repay the total amount gradually.
With Splitit, your purchase is secured through a temporary hold on your card. This isn’t an immediate payment but a pre-authorization that enables you to settle your balance gradually without incurring any interest.
Typically, this hold is temporary and varies based on your bank’s policies. In some instances, it might persist for the duration of your payment plan. For precise information, it’s advisable to consult the specific business from which you’re purchasing.
Plus, you enjoy all the advantages associated with using your credit card, such as rewards, transaction insurance, and safeguards against fraudulent activities.
How to Use Splitit
Here’s a brief guide on how to use Splitit.
- To begin, head over to splitit.com and locate the “Sign Up” button at the top of the website. From there, simply fill in your details, including your name, address, and phone number, and click “Save.”
- Then, during checkout, opt for the instalment payment option and follow the instructions on the dashboard. First, they must add their credit or debit card details to the system.
- Once you enter your card data, you must verify your identity by supplying additional information like a valid photo ID or passport number. Once verification is done, your new Splitit account is ready for use.
- If the details are validated and approved, customers can segment their purchases into flexible monthly payments over a designated period without any supplementary interest or fees.
- The payments are securely processed through the customer’s existing credit account. These can be conveniently managed via the customer’s online dashboard post-login, where Splitit will automatically deduct each instalment until the total purchase amount is fully settled.
Splitit Payments provides round-the-clock customer support, ensuring users can access assistance whenever required. This ensures peace of mind, as customers can seek help or resolve any queries at any hour without the hassle of waiting on hold or being limited to contacting during typical business hours.
Cards Accepted by Splitit
Customers can use Splitit only with credit cards issued by Visa, Discover, American Express, MasterCard, or UnionPay.
Customers don’t need to pay extra charges or interest to use Splitit. However, the terms and conditions of regular credit card use still apply. You can simply use the credit you’ve already built up without asking for an additional loan. All you must show is the available balance on your credit card.
Additionally, when you use Splitit with your credit card, you’ll get rewards, transaction insurance, and fraud protection.
Splitit Prices and Fees
Splitit payments provide an interest-free instalment option, which can extend up to 36 months, subject to the retailer’s discretion. There are no undisclosed expenses or rates, which makes it an excellent choice for customers and businesses of all sizes that want to distribute their payments using a cost-effective BNPL solution.
To get information on the subscription prices and fees for business accounts, contact Splitit’s sales support centre.
6. DivideBuy
Founded in 2014 in Newcastle, DivideBuy is a BNPL provider that collaborates with online merchants and offers third-party financing options for shoppers who prefer buying now and paying later. In early 2023, DivideBuy was acquired by Zopa, one of the UK’s largest online banking businesses. The company offers their services only in the United Kingdom.
DivideBuy Features
With DivideBuy, customers can browse and shop at any online store partnered with the BNPL provider. During checkout, they can choose DivideBuy as their primary payment option. The monthly payment is determined by dividing the total balance over a selected timeframe from two up to twelve months.
Here’s a list of DivideBuy’s main features:
- Monthly instalments: Customers can quickly spread the cost of their order over monthly instalments ranging from 3 to 60 months. The extended monthly order repayment makes DivideBuy stand out from the rest of the BNPL UK providers on this list.
- Fixed amounts: Once the tailor-made monthly payments for businesses are successfully customised, they stay fixed throughout the duration of the agreement.
- Straightforward application: Customers will receive an instant decision once they complete the short application.
- Interest-free options: Customers can take advantage of DivideBuy’s interest-free option at checkout, which is offered by several of the company’s partner merchants.
- Order duration: DivideBuy users can choose the duration over which they want to spread the cost of their order.
- No early repayment charges: The company allows you to make additional payments without worrying about early repayment charges. Monthly card payments continue until your balance is settled.
- Multiple payment methods: Customers can pay by using Visa, Visa Electron, and MasterCard debit and credit cards.
DivideBuy Retail Sale Finance for Merchants
Retail Sale Finance allows shoppers to divide the cost of their purchase into manageable instalments.
This feature can help you attract more customers without affecting your daily profits. With this option, the finance provider (such as DivideBuy) pays you, the merchant, upfront for the order. Then, they take care of collecting repayments directly from the customer. It’s a win-win solution for everyone involved.
For anyone interested in finding out the prices and fees of the monthly subscription plans, you can contact the company via live chat or email at hello@dividebuy.co.uk.
How Does Retail Sale Finance Work?
Here’s how DivideBuy’s Retail Sale Finance works.
- DivideBuy is seamlessly integrated into your website. The solution can be integrated with popular eCommerce platforms such as Shopify, WooCommerce, and Magento. The company offers a free, quick onboarding process that gets you up and running within days.
- The customer can complete their online purchase as usual. When customers opt to finalise their order using DivideBuy, the transaction appears in your records, and it looks just like any other sale. The company uses integrated technology that encrypts all of the sensitive customer data.
- Once the payment transaction is successful, you can start to prepare and then ship the order. When the customer’s agreement with DivideBuy is confirmed, you can pack and ship their order for delivery, just as you would with any other purchase.
- DivideBuy reimburses companies upon delivery. Once you receive confirmation of successful delivery from your end, the company automatically refunds you for the purchase price, deducting our pre-agreed rate.
DivideBuy Partnerships
- The company has partnered up with multiple internationally renowned companies, such as Furniture Max, Swyft, Pro Espresso, Sofa Club, Dream Cloud, Skin Health Solutions, and Leaf Scissors, to name a few.
To browse through all the industry categories and brands, visit the Shopping Directory page.
DivideBuy has an ongoing call for businesses interested in partnering and selling their products and services via DivideBuy. To submit your partnership application, visit this link from the company’s official website.
DivideBuy for Customers
Customers can use DivideBuy by browsing through their retailer directory, adding specific items to the basket, and choosing DivideBuy as their payment option during checkout.
Customers can divide the cost into monthly payments over 12 months, and the straightforward application process swiftly guides you to your credit decision. Once they make an initial payment and provide an electronic signature, the retailer will send a confirmation email with the delivery schedules.
Monthly card payments are automatically collected until the customer’s money balance is settled. Moreover, customers can manage their DivideBuy profiles online and make extra payments, putting them entirely in charge of their accounts.
DivideBuy Prices and Fees
DivideBuy’s services are entirely fee-free and interest-free for their customers. You might incur additional charges beyond your purchase price only if insufficient funds are in your account for automatic payments. A late fee will be applied in such cases, requiring you to log in to your DivideBuy account to settle the remaining balance.
Businesses interested in partnering with DivideBuy and selling their products and services must send an inquiry to receive a tailor-made subscription offer. The official website does not provide information on fixed monthly fees. You can also book a demo to see how the BNPL tool works.
7. Zilch
Founded in 2018 in the UK, Zilch is an eCommerce BNPL provider with headquarters in London and offices in Miami and Krakow. You can use their services by downloading the app via Google Play or Apple Store. Once you download it, you can purchase goods and services from more than 100 brands. So far, the app has been used by over 3 million individuals worldwide, and the company processed approximately £1 billion from customer payments only in 2023.
Some of the most popular retailers and hospitality businesses selling their products on Zilch include Apple, Zara, Amazon, Superdry, eBay, Adidas, Nike, and Just Eats, to name a few.
Let’s learn more about how businesses can partner with Zilch and how shoppers can use the mobile app.
Zilch Services for Merchants Retailers
Zilch has an ongoing call for businesses that want to resell their products or services on the mobile app. Reselling on Zilch can be a good investment for any type of business, and the results prove how profitable selling on the app actually is considering the following data:
- Businesses saw an average increase of 55% in payment conversion every year.
- The average order value increases by approximately 40% for businesses that sell on Zilch
- Regular customers buy from Zilch over 100 times annually, which shows that the platform is user-friendly and offers excellent deals.
If you’d like to sell your products or services on Zilch, you can submit an application by clicking the “Get in Touch” button.
Zilch for Customers
To use Zilch’s BNPL services, download the free app and register for a free account. While registering, you can choose your preferred payment option. When you save all of the changes, you will receive access to a virtual card by Monavate connected to the method of payment you selected while setting up your personal Zilch account.
Once you make a purchase, you’ll get 0.5% of the price in cashback only if you pay for it instantly. You can also choose to pay in four instalments and use the BNPL option, but this will cost you £2.50 per transaction. The money transaction is processed straight from the card or Apple digital wallet you’ve selected to pay with during the signup process.
To get in touch with Zilch’s customer support and ask further questions, visit the Help page on their official website.
8. Zip
Founded in 2013 in Australia, Zip is an international digital finance management business that offers multiple payment options for businesses of all sizes. Today, over 76,000 merchants use Zip’s services in the US, Canada, Australia, and New Zealand. Until 2022, the company had offices in the UK, but decided to close the branch, so as of now, Zip’s services are not available in the UK.
Read on to learn more about how to sell your products on Zip.
Zip for Merchants
Zip has an ongoing open call for businesses interested in selling goods or providing services on the platform. The company offers straightforward and flexible finance management and payment services for merchants who sign a partnership.
You can install the Zip integration into your existing software to manage payments and get automated sales reports. You can also manage and track customer analytics, track orders and deliveries, add discounts, and participate in sale campaigns managed by Zip’s team, such as Black Friday deals, etc.
Businesses selling on the Zip platform will receive payments instantly in their bank accounts, even when customers pay for instalments.
Zip for Customers
Hopper can use the Zip mobile app to purchase various products and services. You’ll have to get a virtual debit card from Zip to use the app’s benefits. Once you have the card, you can download the app and start shopping. For more expensive products or services, there’s also an option to split the payments in multiple instalments over several months.
Some of the most popular brands and companies that sell services and products on the Zip app include Amazon, Walmart, Target, BestBuy, eBay, Mercari, and other notable names.
The app is free of charge and can be downloaded by scanning the QR code on Zip’s main website.
9. Billie
Founded in 2016 in Berlin, Billie is a B2B payment management provider for companies of all sizes that offer eCommerce services. Their BNPL payment solution allows businesses to receive payments instantly after a customer makes a transaction.
Additionally, Billie offers multiple integration options, such as eCommerce third-party apps, plugins, and payment service provider (PSP) integrations.
These are the industries that can benefit from Billie’s buy now pay later solutions:
- Retailers and hardware shops
- Agriculture-oriented companies or solo manufacturers
- Electronics and technology-oriented businesses
- Hospitality businesses that sell beverages and food and offer delivery services
- Businesses that sell office equipment, printing supplies, and furniture
- Automotive-oriented companies, including vehicles of all sizes and motorcycles
- Construction businesses
Their solutions can help businesses improve their monthly and yearly revenue and get more frequent conversions.
Some of the internationally renowned businesses that use Billie’s services include Enpal, Contorion, Samsung, Festool, and Expert, to name a few.
Below is a list of Billie’s BNPL payment solution’s main features.
Billie for Merchants
Billie offers very favourable conditions for merchants that are interested in using their BNPL services:
Approval rate: Approximately 90% of the businesses that apply to use Billie’s services are approved by the company if they fulfil the necessary criteria. Since the approval rate is so high, it shouldn’t surprise us that Billie is one of the most flexible and user-friendly BNPL providers on the UK market.
Flexible rates and fees: You can choose how long the payment instalments can last. Billie allows customers to pay for multiple instalments, from two weeks to six months, but you’ll get to set a specific timeframe for paying for the service or product they purchased. Even when a customer uses the BNPL method, Billie will transfer the entire sum to your bank account beforehand.
Multiple payment methods: Customers can pay using any major credit and debit card, such as Visa, Maestro, Mastercard, Diners Club, etc., digital wallets such as Samsung, Google, and Apple, or via an online payment platform such as PayPal.
High security and verification level: Billie compiles the highest security protocols and allows you to verify each customer in real time. It also keeps the cardholders’ data encrypted once the transaction is successful, keeping it safe from unwanted third-party malware.
Dunning services: The company allows businesses to use its dunning service to manage all operations after receiving payments in their bank accounts. They also allocate successful customer transactions automatically and take care of incidental overpayments or unwanted errors that can happen during transactions.
Billie BNPL Integration Options
Billie’s BNPL payment method can be integrated in several ways straight into your eCommerce software:
Billie’s customised SDK or API integration: The easiest way is to integrate Billie by adding their SDK or API to your business’ eCommerce software.
Klarna: If you already use Klarna’s Checkout or Payments integration, you can install Billie using the same third-party integration. Once installed, your customers can use any of their preferred payment options that Klarna accepts, such as international credit or debit cards, digital wallets, etc.
Mollie: Same as Klarna, if you’ve already installed Mollie, you can add Billie to the third-party integration.
Shopsystem plugin: The last option is to use Billie’s custom-made Shopsystem plugin for larger eCommerce shop systems. This plugin can be installed in the software you’re already using for eCommerce payments.
What Makes These Companies the Best Buy Now Pay Later Providers?
Here’s our take on what makes the companies that made our list the best BNPL providers for the UK market:
User-friendly and free-of-charge mobile apps: The BNPL providers on this list can be accessed via user-friendly and free mobile apps that you can download via Google Play or Apple Store. The apps are frequently updated and safe from third-party breaches.
High-security level: Each BNPL provider on this list offers very high security and keeps the customer’s data safe from any unwanted action or data breach. Billie and SplitIt undoubtedly offer a 100% secure shopping experience with their security and verification measures.
Transparent fees and rates: You won’t need to pay any extra rates and costs than those already set up by the BNPL provider. Sometimes, the rates are not fixed, but there’s always information on the minimum and maximum amounts you can pay.
Quick and simple approval: If your business checks all the boxes, you’ll get quick approval on where you stand and if any company is doing business with you.
Excellent customer support: The BNPL providers that made our list offer exceptional customer support for consumers and partners, i.e., brands reselling their goods on the platform. Some companies, such as Payl8r, even offer to find a suitable personal manager for all their eCommerce clients.
Various shopping options: Customers can choose from hundreds of brands and businesses to buy and pay for a product or service in instalments.
Multiple payment methods: All BNPL providers on this list offer multiple payment methods. It’s important to note that they allow only debit cards, not credit cards. Companies such as Zilch also allow payments to be made by Apple watches, i.e., Apple Stores.
Conclusion
As you can see from our reviews, Buy now, pay later (BNPL) providers offer the convenience of instantly buying items and services while settling the cost gradually, sometimes even without paying an interest fee. This is an ideal option for customers who are not able to pay for an item in one installment.
Before you decide which BNPL service you’d like to apply for and open up a free account, it’s essential to understand the agreement’s specifics and be 100% sure you can fulfil the payment schedule on time.
Therefore, you should look into all of your options, choose the most affordable one for your specific budget, and learn more about the fees that may apply if you are unable to complete the payments as agreed.
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