Interest Free Credit vs. Buy Now Pay Later Solutions

Allowing a customer to spread the cost of a purchase interest free means they are more likely to complete the purchase process.

We offer interest-free credit which a customer can spread the cost between 2 and 12 months. Not only does this mean your customers can spread the cost of major purchases completely interest free but be comfortable in the knowledge they are not breaking the bank.

With a wide range of various shopping needs, the UK has many different pay monthly catalogues to choose from including those for people with a bad credit score or no credit history whatsoever.

How can a customer spread the cost with DivideBuy?

At DivideBuy, a customer can use their account to spread the cost on thousands of products, with a monthly instalment to suit their budget – all interest free. They can simply apply online, in-store or over the phone. Our simple, straightforward application takes less than a minute and they can get an instant decision. We also offer a soft search facility for customers who may be unsure about entering a credit agreement due to the need for a credit check.

Spreading the cost of online shopping, entirely interest free, can be the smarter way to pay for a purchase if a customer does not wish to buy the item outright. We offer a variety of repayment plans to suit their budget which can be tailored by you as the retailer. At the point of purchase, a first instalment is made, and a customer can plan to spread the cost of the remaining purchase monthly. This means that at the point of completing a sale, the retailer, consumer and ourselves are all on the same page and there is no hidden fees or interest applied.

The DivideBuy interest free solution starts from 2 months and can be spread payments for up to 12 months. When your customer applies for interest free credit, we will assess their ability to repay and check the information held on their credit report.

Why should you offer the option to spread the cost?

Offering consumers an alternative option to spread the cost of their purchases allows them to get a straightforward, seamless way to split their payments. As the retailer you have another way to reach customers who may be unable (or unwilling) to part with a lump sum.

Another bonus to merchants is you receive 100% of the sale price, even though it is being financed through ourselves. Advances in fintech have made it possible for all retailers, big and small, to offer the option to spread the cost – be this website based, in-store or over the phone. With our industry-leading technology, built in-house, you can enjoy the perks of offering interest-free credit without the risk or implementation costs.

In the UK, spreading the cost is becoming a popular way to buy products or services. A recent study by IT research firm Forrester found that facilitating POS finance and giving the option to spread the cost, increases sales by an average of 17%, and order value by 15%. Find out more about how DivideBuy can support your business and customers.

Why DivideBuy

One-step integration

Our industry-leading technology integrates seamlessly with your eCommerce software.

Customer checks out

Customers choose DivideBuy’s interest free credit option at checkout and commit to paying in monthly instalments. We handle all application and credit processing.

Get paid!

When you deliver the goods, simply confirm the details in your portal and receive fast payment. As the credit provider, we bear the credit and fraud risk, not you.

Book your free 20 minute online demo

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Please note, a minimum turnover of £2.5M and minimum trading period of 24 months is required to offer DivideBuy finance solutions.

Please note, a minimum turnover of £2.5M and minimum trading of 24 months is required to work with DivideBuy.

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ePay Summit 2024 – We’re an Official Silver Sponsor!


We’re pleased to announce that we are this year’s ePay Summit’s Official Silver Sponsor, and Ceri Griffiths, our Head of Enterprise Sales, is joining the 2024 ePay Europe Thought Leaders cohort!

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