Genoapay | BNPL

Buy Now Pay Later (BNPL) schemes offer instant access to credit and the items on our wish lists. They allow a shopper to make a purchase, pay an initial instalment, then clear the remaining balance in regular, automatic payments. Currently, there are six main BNPL providers in NZ. Here Canstar reviews and compares Genoapay with its competitors.

Logo of Genoapay, a Buy Now Pay Later service

How does Genoapay work?

Genoapay is available at 1000s of stores in NZ, including big-name high-street retailers, including Cotton On, Evo Cycles, Harvey Norman, Nood and Typo.

  • Pay in 10 weekly¬†instalments
  • Credit of up to $1000
  • App and website
  • Change payment day
  • Split payment between Genoapay and cash/credit card

What are Genoapay’s late fees?

  • $10 fee is charged for each missed payment
  • You are responsible for all debt collection fees

How does Genoapay compare?

The display order does not reflect any ranking or rating by Canstar.

Provider Link to Provider Instalments Frequency Late Fee Late Fee Cap
go-to-site 4 Fortnightly $10 then $7 each week 25% of item cost
go-to-site 5/10 Weekly/Fortnightly $10 per missed payment None
go-to-site 10 Weekly $10 per missed payment None
go-to-site 6 Weekly $10 per missed payment $40
go-to-site 4 Fortnightly $3-$15 per missed payment $9-$45
go-to-site 4 Fortnightly $8 per missed payment $40

This information is not an endorsement by Canstar of BNPL schemes or any specific provider.

About Genoapay

Genoapay is a home-grown BNPL provider, founded in 2016.

Written by: Bruce Pitchers | Last updated: August 18, 2021