Plans & Pricing

PayItMonthly offers four plans designed to suit businesses of different sizes and transaction volumes.

• PAYG – £0 per month  

• Plus – £39 per month  

• Pro – £149 per month  

• Bespoke – From £399 per month  

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Whether you're just getting started or processing thousands of finance agreements each month, there's a plan to suit your business.

If your business is part of a franchise, buying group or national organisation, your pricing may differ from the standard plans shown above.

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If you'd like to discuss a bespoke partnership, please contact onboarding@payitmonthly.uk.

How Monthly Fees Are Charged

Monthly fees begin from the date your account goes live.

For example, if your account goes live on 17 March, your first invoice (issued on 1 April) will include:

• Your monthly fee for April.  

• A pro-rata charge covering the period your account was live during March.  

These charges will appear as separate line items on your invoice.

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If you change plans during the month, your fees will automatically be adjusted so you're only charged for the time spent on each plan.

If you close your account, you'll only be charged for the period your account remained active.

Credit Charges

In addition to your monthly plan, a credit charge applies whenever a customer completes a finance agreement.

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Partners on our Plus, Pro and Bespoke plans benefit from lower credit charges than those on our PAYG plan. If you're processing a higher volume of finance agreements each month, the savings on credit charges can quickly outweigh the monthly subscription cost.

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If you're unsure which plan is right for your business, our team will be happy to help you choose the most cost-effective option.

Changing Your Plan

You can upgrade or downgrade your PayItMonthly plan at any time, giving you the flexibility to choose the option that best suits your business.

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If your business experiences seasonal peaks or busy trading periods, our team may also be able to temporarily upgrade your account in certain circumstances. This allows you to benefit from lower credit charges during your busiest periods before returning to your usual plan.

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If you'd like to discuss changing your plan, simply contact our team and we'll be happy to help.

Additional Products

Pass Genie

Pass Genie is an optional add-on exclusively available to Pus and Pro partners that helps increase customer acceptance rates based on our market leading AI decision engine.

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Pass Genie fees are charged in addition to your standard credit charges, e.g 4.9% standard rate + 1.9% additional charge for Pass Genie Tier 1.  

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To learn more, see our Pass Genie Page.

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Collection Only (CO)

Collection Only (CO) is an optional product designed for businesses that want PayItMonthly to collect customer repayments while the business retains the lending risk.

Credit charges for Collection Only agreements are a flat 9.9% for up to 12 months and are a bespoke add-on for Plus and Pro partners.

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Please contact our team if you'd like to discuss enabling Collection Only on your account.

Additional Fees

Partner Cancelled Agreements

Although uncommon, if a finance agreement is cancelled, a 0.97% cancellation fee will apply charged to you the Partner. Customers are never charged cancellation or late repayment fee’s.

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The fee is calculated using the original finance agreement value, regardless of any outstanding balance, and helps cover payment processing, administration and the work involved in reversing the agreement.

Legal Recovery

Where you've accepted a customer at your own risk (for example through Collection Only (CO), PayItMonthly can support you with recovering outstanding payments.

Before legal action is considered, our Collections Team will first attempt to recover the balance through phone calls, emails and letters. If these attempts are unsuccessful, we'll always discuss the next steps with you before proceeding.

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Please note: Most PayItMonthly finance agreements are not at partner risk. In these cases, PayItMonthly absorbs any non-payment risk and covers the cost of legal recovery, meaning the charges below won't apply.

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Letter Before Action (LBA)

Cost: £30.00

This includes:

• A Letter Before Action.  

• A pre-legal assessment.  

• A credit search.  

• Public record checks.  

• An assessment of whether legal action is likely to be successful.  

In many cases, this encourages the customer to contact us and arrange repayment before court action becomes necessary.

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Court Claim

If legal action proceeds, a £25.00 administration fee applies, in addition to the applicable court fee.

Current court fees are:

• Outstanding balance under £300 – £35  

• £300 to £500 – £50  

• £500 to £1,000 – £70  

• £1,000 to £1,500 – £80  

• £1,500 to £3,000 – £115  

• £3,000 to £5,000 – £205  

• £5,000 to £10,000 – £455  

If a claim is defended, additional work and costs may be required depending on the complexity of the case.

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Successful recoveries remain subject to our 9.9% collection commission.

Top Tip

If your business is growing or you're entering a busy trading period, speak to our team about moving to a different plan. A higher plan could reduce your overall costs through lower credit charges, and in some cases we can offer temporary upgrades during peak trading periods.

Need More Help?

If you have any questions about your plan, fees, invoices or legal recovery, our Support Team will be happy to help.