Payments
You receive your payment after every scheduled repayment that a customer is due to pay. We make our payment to you on the 6th working day of each month.
Guarantee
Rest easy knowing that you will receive each repayment even if the customer doesn’t pay us. The customer is subject to Credit Check – if they fail it we can still collect the repayments without the Guarantee, if you want us to.
No Setup Fee
We don’t charge you a setup fee or application fee and you are only charged your monthly fee once you start using the system.
Mandatory Credit Checks
We will Credit Check your customer and email you by the end of the next working day to let you know if we can guarantee their payments. You will have the option to proceed without the Guarantee if the credit check is failed.
Credit Reporting
We will report on your customers payments to Credit Reference Agencies. This helps keep the payments on track as missed payments will impact their ability to get credit in future.
Paperless
Everything is done online. This makes it simple for your staff and customers as they don’t need to send us any physical paperwork.
Increase Sales
Providing customers with credit is proven to increase both sales and the average sale value.
Great for Customers
The process is quick and easy and customers are able to make additional payments or change their payment schedules without incurring any charges.
Payment Control
If a customer misses a payment we will contact the customer via phone, email, sms and letter to work with the customer to resolve the situation.
You can read more about our Guarantee option in our blog here.
Contact us
If you need more information please contact us via this form, contact@payitmonthly.uk or on 0333 212 3914.