buy-now-pay-later in New Zealand

Buy Now Pay Later

Buy Now Pay Later

Get the flexibility and convenience of delayed payments, so that you can enjoy your purchase today and pay in easy installments. Shop now and start enjoying the benefits of buy now pay later.

What is buy now pay later scheme

Buy now pay later in New Zealand is an increasingly popular way for consumers to purchase goods and services without having to pay for them upfront. This type of payment option allows customers to spread out their payments over a period of time and is convenient for those who may not have the funds available to make a purchase right away.

It is also a great way to manage your budget as you can make smaller monthly payments instead of having to pay for the entire cost of the item at once. With buy now pay later options, New Zealanders can purchase items they need without the burden of a large upfront cost.


There are few requirements when applying for buy now and pay later schemes. To apply you 

  • Must be a New Zealand resident
  • Need to provide company with your full name, residential address, email address and your mobile number for the credit check/verification.
  • Must be at least 18 years old
  • Will also need your Visa Debit or Credit Card details so that the company  can deduct the amounts in connection with your purchase.

Pros & Cons of Buy Now Pay Later

There are both pros and cons associated with buy now pay later sites. Some of the pros include the ability to purchase items that may not be affordable at the time of purchase, the ability to spread out the cost of an item over time, and the ability to avoid interest charges. Some of the cons include the possibility of late fees and penalties if payments are not made on time, the possibility of damage to your credit score if payments are not made on time, and the possibility of losing the item if you are unable to make the payments.

  • You can buy items now and pay for them later
  • You can build up your credit score
  • You can spread the cost of expensive items
  • You can get items delivered now and pay for them later
  • You can return items if you change your mind
  • You may be charged interest on the items you purchase
  • You may be charged fees for using a buy now pay later site
  • You may have to pay a deposit for using a buy now pay later site
  • Your credit score may be affected if you miss a payment
  • You may have to pay for delivery charges


With buy now pay later you only pay the purchase price of your goods. You can pay the item off in upto 6 weekly instalments. The first payment is usually one sixth of the total purchase price. Each individual companies have slightly different plans and payment options. Check out some of the best buy now and pay later companies below.  


Take your purchase now, and pay it in 6 automatic weekly payments on the day of your choice. With laybuy you will have 5 weeks to pay. It has 0% interest and $0 fees.

In order to use Laybuy, you must:

  • Be 18 years of age or older
  • Be a New Zealand resident
  • Have a New Zealand bank account
  •  Have a New Zealand phone number


Pay for your purchase over 4 instalments, due every two weeks. You’ll pay your first installment at the time of purchase. With afterpay you can pay off your purchase in 6 weeks. 

In order to use Afterpay, you must:

  • Be 18 years of age or older
  • Be a New Zealand resident
  • Have a New Zealand bank account
  •  Have a New Zealand phone number

5 Tips For Using Buy Now Pay Later Services

1. Read the terms and conditions carefully before using the service.

2. Make sure you can afford the repayments before using the service.

3. Keep track of your spending and make sure you do not exceed your credit limit.

4. Pay off your balance as soon as possible to avoid incurring interest charges.

5. Contact the customer service team if you have any problems using the service.