Buy now and delay payment for up to 12 months

What you need to know

• With Very Pay you can spread the cost of your purchases.
• Subject to eligibility, Buy Now Pay Later lets you order today and pay up to a year later depending on how much you spend:
  • Buy Now Pay Later for 6 months when you spend £50.00 or more.
  • Buy Now Pay Later for 12 months when you spend £300.00 or more.
• The delayed payment period and qualifying minimum order value is subject to offer and your account status and may be different to the values shown here. If you are eligible for BNPL your offer details will be confirmed in checkout.
• All interest is avoided if you pay in full before the end of the delayed payment period. If you don't, a lump sum of interest will be added to your account.
• You will receive a reminder on your statement before the end of the delayed payment period.
• Eligibility for Buy Now Pay Later is subject to your credit and account status.
• In 'My Account' you can view your Buy Now Pay Later purchases and make Buy Now Pay Later payments.
• The costs for delivery, installation services and monthly insurance products cannot be placed on Buy Now Pay Later.

What is Buy Now Pay Later (BNPL)?

BNPL is an interest bearing option that allows you to delay payments on your purchases for up to 12 months, depending on how much you spend. The delayed payment period starts from the date of order (including pre-ordered items and those not ready for immediate dispatch).

The delayed payment period and qualifying minimum order value is subject to offer and your account status and may be different to the values shown here. If you are eligible for BNPL your offer details will be confirmed in checkout.

How is interest calculated?

Interest is calculated from date of order and compounded daily. The interest will be added to your account as a lump sum at the end of the delayed payment period. This means you will pay interest on interest.

How do I avoid paying interest?

You can avoid all of the interest by paying the cash price before the end of the delayed payment period, this can be done in one full payment or multiple partial payments. Making partial payments without clearing the cash price in full will reduce the amount of interest charged at the end of the delayed payment period.

Remember, if you choose not to pay the cash price before the end of the delayed payment period a lump sum of compound interest will be charged to your account.

How do I make a BNPL payment?

To make a full or partial payment simply log into your account. You can allocate your payment to the specific BNPL you wish to pay off. Alternatively, you can call us.

What happens after the delayed payment period?

If you have paid the cash price in full before the end of the delayed payment period, you will not pay any interest.

If you have not paid the cash price in full or have only made a partial payment, a lump sum of interest will be charged to your account. Any outstanding balance plus the interest will now become payable.

As the outstanding balance, plus the interest now form part of your payable balance they will attract interest at your account rate, meaning you will pay interest on interest. This will be included within your account minimum payment request every month and cannot be repaid using Take 3.

What is excluded from BNPL?

The costs for delivery, installation services and monthly insurance products cannot be placed on BNPL.

Do I still have to pay my monthly minimum payment?

Yes, allocating payments to BNPL will not cover the minimum payment on your account. If you have a non-BNPL balance, you will still need to make at least your minimum payment as shown on your statement.

Spread the cost of £75 over 3 months

What you need to know

• With Very Pay you can spread the cost of your purchases.
• You will need Very Pay to use Take 3, this lets you split the cost of anything over 3 months.
• Plus you pay nothing for at least 20 days.
• If you choose not to make your Take 3 payments then you'll pay interest on your balance at your account rate.

Flexibility to make a minimum payment when you need to

What you need to know

• With Very Pay you can spread the cost of your purchases.
• So you can buy what you want today with the flexibility to spread the cost.
• This forms part of your minimum payment and will be at least £5 or 6% of your balance each month, whichever is greater.
• Interest is charged at your account rate.
• It's good if you can pay more than the minimum as you'll pay less interest.
• Please refer to your statement reverse for how the minimum payment is calculated.