![]() ![]() Essentially, these businesses let customers buy products now and pay for them later. The initial payment is often made at checkout, and all following payments are invoiced to customers’ credit or debit cards on the specified dates. Participating merchants will let customers break up the cost of a transaction into more manageable zero-fee installments. The usual duration for paying your installments is four months, although customers can request longer terms such as:Ī shopping limit of RM999.99 and lower qualifies for up to 6 monthly installmentsĪ shopping limit of RM1,000.00 and above qualifies for up to 12 monthly installments What is Buy Now Paylater Service?Įxactly what its name suggests, buy now, pay later is a form of short-term financing that enables customers to make transactions and pay for them later. The user must have sufficient balance to cover the first payment. The first payment, up to 25% percent, needs to be done at the time of checkout, and the subsequent payments must be paid monthly. ![]() Pay later works so that a checkout payment is divided into four equal payments with zero fee installments. Paylater is a Malaysian buy now pay later service providing an app that allows retailers and enterprises to give their consumers installment payment plans to help them manage their buying budget and to encourage ethical spending. How Property Investors & Real Estate Agents Can Use Pay Later? How To Set Up A Paylater Malaysia Account Consumers are able to continue spending even when their budget does not let them thanks to the PayLater app that breaks up the cost of products into predetermined zero-fee installments with no hidden fee! What Is Paylater App ![]()
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