Our pricing.

You can find out all you need to know about our charges right here!

The first thing to mention is that there is no set up fee and we don’t charge you anything until you have put your first live agreement through.

Our pricing structure is simple:

2% base charge plus 1% for each instalment. For example, if your customer has a plan over 4 instalments, this would be a 6% charge (2% base and 4% for the 4 instalments). The percentage is capped depending on the product you choose.

Basic
Want to give us a try without a monthly fee?
  • Your Risk
  • Charge capped at 8%
  • Get paid when your customer makes payment
  • £4 per agreement
£0
/month
Standard
Happy to take the risk and get the best return
  • Your Risk
  • Charge capped at 5%
  • Get paid when your customer makes payment
  • Unlimited Agreements
£10
/month
Guarantee
Don't want the risk and can wait a little longer to get paid
  • Our Risk
  • Charge capped at 10%
  • Get paid when payments from your customer are due
  • Unlimited Agreements
£10
/month
Popular
Full Finance
Our most popular option. You sell, get paid and we take the risk
  • Our Risk
  • Charge capped at 14%
  • Get payment in full
  • Unlimited Agreements
£10
/month
VAT is charged on top of the monthly fee and agreement fee of £4 on Basic.

Pricing Calculator

Use the calculator to work out what our credit charge is. This will change depending on the product type and number of instalments that you choose.
There can be no charges or interest passed on to the customer, so our credit charge is deducted from our payment to you.
Once your customer has received the goods or service in full, we make payment to you. It’s that easy!
Features
Full Finance
PayItMonthlys risk
If a customer doesn't pay us you still get paid
Payment in full
We pay you in full after you have supplied the customer with all their good/services
Calculator

Our products – the full lowdown.

  • Setup Fee

    Setup Fee
  • Fee per Agreement

    Fee per Agreement
  • Credit Charge

    Credit Charge
  • Credit Charge Cap

    Credit Charge Cap
  • Agreement at Your Risk

    Agreement at Your Risk
  • Credit Checking

    Credit Checking
  • Agreement at Our Risk

    Agreement at Our Risk
  • Manual Review of Failed Credit Checks

    Manual Review of Failed Credit Checks
  • Take Failed Credit Checks At Your Risk

    Take Failed Credit Checks At Your Risk
  • Credit Reporting

    Credit Reporting
  • Payout Frequency

    Payout Frequency
  • Payout Day

    Payout Day
  • API Integration

    API Integration
  • On-Site/Instore Agreements

    On-Site/Instore Agreements
  • Send Agreements by Email

    Send Agreements by Email
  • Option to take your own deposit

    Option to take your own deposit
  • Minimum Finance Value

    Minimum Finance Value
  • Maximum Finance Value

    Maximum Finance Value
Basic
£0 / month
  • Setup Fee

    Free
  • Fee per Agreement

    £4
  • Credit Charge

    2% + 1% per instalment
  • Credit Charge Cap

    8%
  • Agreement at Your Risk

  • Credit Checking

    (Optional)
  • Agreement at Our Risk

  • Manual Review of Failed Credit Checks

    (Optional)
  • Take Failed Credit Checks At Your Risk

    (Optional)
  • Credit Reporting

  • Payout Frequency

    Monthly
  • Payout Day

    6
  • API Integration

  • On-Site/Instore Agreements

  • Send Agreements by Email

  • Option to take your own deposit

  • Minimum Finance Value

    None
  • Maximum Finance Value

    £10,000
Standard
£10 / month
  • Setup Fee

    Free
  • Fee per Agreement

    Free
  • Credit Charge

    2% + 1% per instalment
  • Credit Charge Cap

    5%
  • Agreement at Your Risk

  • Credit Checking

    (Optional)
  • Agreement at Our Risk

  • Manual Review of Failed Credit Checks

    (Optional)
  • Take Failed Credit Checks At Your Risk

    (Optional)
  • Credit Reporting

  • Payout Frequency

    Monthly
  • Payout Day

    6
  • API Integration

  • On-Site/Instore Agreements

  • Send Agreements by Email

  • Option to take your own deposit

  • Minimum Finance Value

    None
  • Maximum Finance Value

    £10,000
Guarantee
£10 / month
  • Setup Fee

    Free
  • Fee per Agreement

    Free
  • Credit Charge

    2% + 1% per instalment
  • Credit Charge Cap

    10%
  • Agreement at Your Risk

    (Optional)
  • Credit Checking

  • Agreement at Our Risk

  • Manual Review of Failed Credit Checks

    (Optional)
  • Take Failed Credit Checks At Your Risk

    (Optional)
  • Credit Reporting

  • Payout Frequency

    Monthly
  • Payout Day

    6
  • API Integration

  • On-Site/Instore Agreements

  • Send Agreements by Email

  • Option to take your own deposit

  • Minimum Finance Value

    None
  • Maximum Finance Value

    £3,000
Popular
Full Finance
£10 / month
  • Setup Fee

    Free
  • Fee per Agreement

    Free
  • Credit Charge

    2% + 1% per instalment
  • Credit Charge Cap

    14%
  • Agreement at Your Risk

    (Optional)
  • Credit Checking

  • Agreement at Our Risk

  • Manual Review of Failed Credit Checks

    (Optional)
  • Take Failed Credit Checks At Your Risk

    (Optional)
  • Credit Reporting

  • Payout Frequency

    Monthly
  • Payout Day

    10
  • API Integration

  • On-Site/Instore Agreements

  • Send Agreements by Email

  • Option to take your own deposit

  • Minimum Finance Value

    None
  • Maximum Finance Value

    £3,000

Need something a bit different?

If you have customers who wouldn’t typically pass a credit check or you want a bespoke solution tailored to your needs, talk to us about our Advance product.

With our Advance product, you receive a percentage of qualified loans advanced to you at the beginning of the loan term, with the rest paid as it is collected.

 

It is similar to invoice factoring and good for people who need funds upfront but where the risk doesn’t meet our normal Full Finance criteria.

We are also able to vary the credit check criteria to meet your requirements. It’s an easy way to setup your own finance scheme.

To find out more about the Advance product, email us on support@payitmonthly.uk or call us on 0333 212 3914.

A few things to note.

Will my customers be credit checked?

Yes, All of our products have credit checking turned on by default. It is mandatory for the full finance and guarantee products. If you want to accept customers that have failed the credit check, you can do so, at your risk, subject to the customer passing an affordability check. This incurs an additional 3% charge. 

How do I get started?

Open your account with us today by choosing one of the options on this page. You will then need to verify your email address. There will then be two steps to complete, firstly submit a test agreement then fill out a company verification form. We will then get back to you within two working days. 

What happens if a customer misses a payment?

On Full Finance or Guarantee you don’t need to worry as you will still be paid. We have a highly trained team who will try to make contact with the customer and work with them to collect missed payments. This is included with all of our products, including standard and basic, for no additional charge. 

How do you verify me and my business?

You will need to submit copies of bank statements and accounts, where available. We will also need to complete soft credit checks on the people that run the business.  

When do I get paid?

We make payments to you once a month for all qualifying agreements from the previous month. For example, all qualifying agreements from January would be paid across to you in February. Payments for Full Finance are paid on the 10th working day of the month, all other products are paid across on the 6th working day of the month. 

Can I charge my customers more?

No, we only offer interest free finance where the customer pays the same by using us as they would by using cash. You can set a minimum spend or only let customers use us on some of your products.

Which product is best for my business?

Normally it is Full Finance. This is because you get paid in full without taking the risk. The other options offer better returns but increase risk and strain on cashflow. If you are in any doubt about what to choose, give us a call and we can talk you through it. 

My goods/services cost more that £3,000, can I use you?

Yes, you are able to take your own deposit to bring down the finance value to £3,000 or lower. If you are on Basic or Standard the maximum is £10,000.

I have other questions, can you help?

Yes, you can find a lot more information and guides on our support site or you can ask us.