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AUD
Laybuy Australia 
How does Laybuy works?
Laybuy offers online shoppers a simple interest free payment plan that lets you secure your purchase today and pay for it in 6 equal payments, once a week for 6 weeks.

Laybuy performs a credit check to obtain a credit score on all new users upon registration. Once your credit score has been confirmed and your account has been verified, Laybuy assigns your Laybuy limit (see How is my Laybuy limit approved?) and you can begin shopping immediately.

The first payment equal to one sixth of the purchase price occurs once your order is completed. The remaining 5 payments are processed each week on the day of the original purchase from your nominated card. No further action is required and all account information including a payment schedule can be viewed, at any time, through your Laybuy account.

Once you select Pay by Laybuy at checkout and complete your purchase, the Merchant ships any products directly to you at the delivery address you have requested. If your purchase is a ticket for a service, this will be emailed to you.

 

How do I sign up to use Laybuy?

       You can make your first Laybuy purchase as soon as      you complete registration and you have been accepted as a user of our service.

Your Laybuy account can be created either here or by selecting Pay by Laybuy upon checkout and creating an account. You are now able to complete purchases using Laybuy at any of our approved Merchants.

Laybuy performs a credit check on all new users upon registration. Once your credit score has been confirmed and your account has been verified, Laybuy assigns your Laybuy limit (see How is my Laybuy limit approved?) and you can begin shopping immediately.

 

When will I have to make my first payment to Laybuy?

Your first payment is made at the time of purchase for one sixth of the total purchase price. We will give you your entire payment plan before you complete your purchase so you can see what you owe us.

 

Can anyone use Laybuy?

Laybuy is available to any individuals that live in Australia and are at least 18 years old. However, before you can use Laybuy you need to provide us with your full name, residential address, email address and your mobile number for the credit check/verification. We will also need your Australian debit or credit card details so that we can deduct the amounts in connection with your purchase.

 

Why can’t I open an Laybuy account ? 

We have built our system to include an instant credit reference check via our third party provider, Experian.

Experian is a credit reference bureau.

When you create your account, Experian performs a credit and identity check that is used to assign your Laybuy "limit" based on your credit history. This limit may change as we get to know you better. Your order may be declined because the total purchase price is greater than your Laybuy limit and the available balance on your debit or credit card is not enough to pay the difference between your Laybuy limit and the total purchase price.

The system is fast and efficient so we don't keep you waiting. As you develop a successful payment history with us we may revise your limit. The more you use Laybuy and continue to make your payments on time, the more you will be able to spend.

We operate as a responsible, free service to our consumers and it is important that we ensure our customers can repay what they owe us each time they shop using Laybuy.

 

How is my Laybuy limit approved?

 

We have built our system to include an instant credit reference check via our third party provider, Experian.

When you create your account, Experian performs a credit and identity check that is used to assign your Laybuy "limit" based on your credit history. This limit may increase as we get to know you better.

 

 Can I exceed my limit? 

You can shop and spend more than your limit if you have a sufficient balance on your debit or credit card to complete the purchase.

However, if you exceed your limit this will change the way in which you will be required to make payments to us as the excess must be paid at the time of your first instalment.

For example, if you have a limit of $120 and want to purchase an item for $200, your designated debit or credit card will be charged $80 on the date of purchase. That is, the $80 "limit excess" and your payments for the next 5 weeks will be $24 per week.

 

How much does Laybuy cost me?

 

Laybuy doesn't charge you any interest or upfront fees.

If you miss a payment you will be notified immediately. A late payment fee of $10 may be charged in respect of each payment you fail to make on time. Any payment default may also result in our debt collection service contacting you and/or your credit score being affected.

 

 

 If you have any further information you can contact us or Laybuy: their website is www.laybuy.com.au