About Lay-Buy, our installment payment plan. No credit checks, no interest.
It's not financing, these are easy installment plans billed to your preferred card or chequing account through PayPal. Think of it as a digital lay-away program.
Is it safe & secure?
-All LAY-BUY payments are automatically set up in PayPal. Secure and encrypted.
Can I select the down-payment % they want to pay?
-You are presented with a dropdown to select the down-payment between 30% to 50% that will be charged immediately.
Can I select how many months I need to pay-off the balance?
-After selecting your down payment, you are presented with a dropdown to select how many monthly installments, between one to two months.
For example: you chose a 50% deposit and 2 months to pay.
The 50% deposit is taken immediately for the first month and then you will get an automatic PayPal deduction for 25% the following month and the remaining 25% off a month after, giving you a total of 3 months to pay off your item. Once it's paid off then we ship the item to you. Always make sure you have enough funds on your PayPal account for deductions.
Are there any ongoing costs?
-No ongoing costs - only a one-time 1.9% admin fee, payable to Lay-Buys.
Are there any interest charges?
-No interest charges ever.
Are there any late fees?
-No late fees ever.
When do I receive the goods?
-You receive the goods after the final payment is made.
How are Lay-Buy installment payments paid?
-Lay-buy installment payments are auto-paid from your linked card in your PayPal setup.
How do I ensure all Lay-Buy installment payments are paid?
-You must ensure there are always funds available.
Can I manually make payments towards my Lay-Buy order?
-No - all Lay-buy payments are automated via a recurring profile in your PayPal setup.
Can I settle a LAY-BUY earlier?
-Yes - please contact us to revise payment plan at email@example.com. You are not able change this yourself.
Can I change the amount of months on my LAY-BUY payment plan?
-Yes – please contact us to revise your payment plan. You are not able change this yourself.
What happens if a payment is missed?
-PayPal will then auto attempt again in 5 days, two more times.
Am I and the merchant (allTRUEist) told about a missed Payment?
-Yes, PayPal send an email notification to both parties.
How does a customer catch up a missed payment?
-We will invoice you for missed payments, and move status in on our backend as paid.
Can I see their payment plan?
-Yes, you can login to your PayPal account – go to settings >> payments >> pre-approved payments
Is there a cancellation fee?
In the rare occasion you may need to cancel there is a fee equivalent to 10% of the total cost of the item.
To pay in installments, at the time of checkout and entering payment information choose "Put It On Lay Buy". You will be redirected to Lay-Buy's secure platform to choose your plan.
TERMS AND CONDITIONS: PUT IT ON LAY-BUY
1. Cancellation of Lay-Buy by Seller
The seller, allTRUEist, under Lay-Buy may not cancel the order unless –
- The Buyer breaches a term of the Lay-Buy (such as missed payments, etc); or
- The Seller stops trading; or
- The products are no longer available
2. Cancellation of Lay-Buy by Buyer
The Buyer may cancel their Lay-Buy order at any time prior to delivery of products, request must be done in writing to firstname.lastname@example.org. Cancellation does incur fees, please read below.
3. Effect of Cancellation
Subject to the above, when a Lay-Buy order is cancelled by Buyer, Seller must refund all money paid within 14 days, less a 10% of the entire order, cancellation fee to cover the Seller’s associated costs.
4. Service Fee
Seller shall not charge the customer any interest charges, membership fee or service fee on any Lay-Buy sales transaction. Lay-Buy Financial Solutions Pty Ltd trading as www.lay-buys.com charges a one-time fee 1.9% of the total order value at checkout. The Buyer will pay this amount to Lay-Buys at checkout at time of paying the down payment. This fee is an admin fee and is therefore not refundable.
The Seller will only dispatch the buyer's product/s after receiving the final installment payment for all Lay-Buy deals.