Laybuy | 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 Laybuy with its competitors.

Logo of Laybuy, a Buy Now Pay Later service

How does Laybuy work?

Laybuy is one of the most recognisable BNPL schemes in NZ:

  • Pay in six weekly instalments
  • Personalised credit limit
  • Use Laybuy Boost, using your own cash, to make purchases above your credit limit
  • App and website
  • Change payment dates
  • Digital Laybuy card that works with Google Pay or Apple Pay

What are Laybuy’s late fees?

  • $10 fee for each missed payment
  • Late payment fees are capped at $40

How does Laybuy compare?

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

Provider Instalments Frequency Late Fee Late Fee Cap
4 Fortnightly $10 then $7 each week 25% of item cost
6 Weekly $10 per missed payment $40
4 Fortnightly $3-$15 per missed payment $9-$45
4 Fortnightly $8 per missed payment $40

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

About Laybuy

Founded here in 2016, Laybuy has grown into Australia and the UK. It can be used at thousands of merchants around the globe, including big retailers such as Cotton On, Ezibuy, Stirling Sports, Life Pharmacy and Unichem.

Written by: Andrew Broadley | Last updated: September 9, 2022

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