A layby sale is one where you pay by instalments and the goods are held by the retailer until you pay off the balance or a specified portion of the total price. You'll usually pay a deposit: 10 to 20% of the purchase price is the usual amount of a deposit but you and the retailer can agree to a different amount.
How do you qualify for Laybuy?
To be eligible to use Laybuy you must:
- Be at least 18 years old.
have a valid and verifiable email address and mobile telephone number.
- Have a valid debit or credit card.
- Have a valid licence or passport (issued from the country you are signing up to)
Does Laybuy do credit checks NZ?
Laybuy has already implemented hard credit checks for all new consumers and currently works with Centrix in New Zealand to provide these.