PayItMonthly lets UK businesses offer interest-free instalments with upfront payout. Plans start at a £0 monthly fee, with credit charges from 0.9%.
Researched and fact-checked by Bartu Cavusoglu · Updated October 26, 2026
PayItMonthly is a UK finance platform that lets businesses offer customers interest-free monthly instalments. Instead of paying a full price at checkout, a customer spreads the cost over 2 to 12 monthly payments, while the merchant is paid up front once goods or services have been delivered.
The company positions itself for businesses of every size, from sole traders to national brands. It states that it has helped businesses grow for over 10 years, reports 10,000 UK businesses signed up and cites a 4.8 out of 5 rating on Trustpilot.
PayItMonthly Ltd is registered in England and Wales with an office in Cheltenham. It says it is deemed authorised and regulated by the Financial Conduct Authority under the Temporary Permissions Regime for deferred payment credit, which allows firms to operate while seeking full authorisation.
A merchant signs up for a free account and completes verification. The company carries out credit and service checks on new partners, which usually take up to 2 working days. Merchants then run a test agreement before switching their account to live mode.
Customers can sign agreements in person, by email or online. Each customer is credit checked, starting with a soft check that other lenders cannot see, which becomes a hard check once the agreement is signed. Decisions are described as instant, and supporting documents can be uploaded in seconds.
The merchant receives the purchase price minus the credit charge. PayItMonthly takes on the risk of the customer not repaying, so the merchant is not out of pocket. Payout timing depends on the plan: weekly for Pay As You Go and Plus, and the next working day for Pro.
The core offer is interest-free instalments over 2 to 12 months, with lending up to £6,000 per customer on most plans. A partner portal lets merchants track applications, agreements and payments, and set user permissions so sensitive sales data stays restricted.
Two tools aim to reduce declined sales. The pre-approval checker lets merchants confirm likely eligibility before offering finance, using soft credit checks with individual or bulk invites. Pass Genie, an AI-based acceptance boost, can approve customers who narrowly miss standard criteria, for a small surcharge that covers the extra risk.
Integration options are broad: Shopify, WooCommerce, Wix and Magento plugins, an API, a simple HTML button and PayLink URLs. Merchants also get pre-approved marketing assets and, on some plans, in-store point-of-sale materials.
PayItMonthly is a UK finance platform that lets businesses offer customers interest-free monthly instalments. Customers repay over 2 to 12 months while the merchant is paid up front, minus a credit charge.
There are no set-up fees. Pay As You Go has a £0 monthly fee and a 5.9% credit charge in its Pay in 3 example, Plus is £39 per month at 3.9%, Pro is £149 per month at 1.9% and Bespoke is £399 per month at 0.9%. Charges rise with longer instalment terms.
Pay As You Go and Plus merchants are paid weekly, on the fourth working day of the week (normally Thursday) after a Sunday midnight cut-off. Pro merchants are paid the next working day.
Yes. It is an official Shopify payment provider, with a payment plugin and a customisation app that work together at checkout. It also offers plugins for WooCommerce, Wix and Magento 2, and an API.
Yes. Every applicant is credit checked, starting with a soft check that is invisible to other lenders. If approved, it becomes a hard check once the agreement is signed.
No. Merchants cannot add a surcharge to cover the cost of 0% instalments, as doing so could breach rules around offering finance.
The company says merchants can offer finance in 24 hours. Account verification usually takes up to 2 working days, and merchants complete a test agreement before switching to live mode.
Yes. The company says it serves businesses from sole traders to national brands, and Pay As You Go has no monthly fee. Customer limits on that plan are lower, at up to £3,000.