Buy Now Pay Later.

What is Buy Now Pay Later - BNPL?

BNPL is a way of getting what you need now and paying it off over 4 – 6 weeks, depending on the BNPL provider you use.
Mix & Match offers 2 providers, Afterpay and LayBuy.

So how does it work?

When you sign up to a BNPL company and are approved, you can either link your debit or credit card to your account. From there, you will be allocated an account limit, a fixed repayment schedule for future or current purchases and have access to the app where you can manage and make your repayments. Mix & Match (Travel) has nothing to do with approving accounts, this is all handled by the BNPL company you apply with.

To use it at on Mix & Match, all you need to do is select either LayBuy or Afterpay on the payment page and you will be directed to their website to complete your payment.

• Mix & Match hot tip: It’s a good idea to sign up first before you make your purchase so you know what account limit you have been set.

Mix & Match does not approve limits. Credit limits are different for every person and are set by BNPL companies. They have a strict set of regulations they need to stick to to make sure they are not putting you at risk. Generally, as a new customer these are set fairly low but are increased as you establish a buying and payment history with both Laybuy and Afterpay.

Afterpay

Afterpay is one of, if not the biggest Buy Now, Pay Later services in Australia (New Zealand). Afterpay offers your purchase price to be split into four interest-free fortnightly instalments. An easy-to-use app allows customers to pay in store or online, manage their orders, get repayment notifications and stay up-to-date

Afterpay will only allow you to spend up the limit of your account, they do not offer an option to top up or pay the difference.

LayBuy

With LayBuy you can own what you want now and split up the payments across six weekly payments, interest-free.

If your purchase is higher than your account limit, with LayBuy Boost you can pay the difference upfront on your credit or debit card at the time of purchase.

For example if you have a LayBuy limit of $500 and your purchase is $700, you can pay the extra $200 upfront at the time of making the purchase and put the rest on LayBuy

For more info or to sign up click here for Afterpay, and here for LayBuy