The good news is we don’t charge any interest! Payflex is a free spending plan. Depending on the payment plan shoppers select, they get either six (6) weeks to pay (Pay in 4) or 3 paydays (Pay in3), where the first payment is due upfront and the rest is split over their next two paydays for their purchases – without any interest or additional fees, as long as they stick to the terms and conditions. However, penalties apply if you miss an instalment.
For Pay In 4 Payment Plans:
Total penalty default fees charged shall be capped at R255.00 (including VAT), or 50% of the Purchase Price (including VAT).
Penalties are calculated as follows:
A R85.00 fee is charged the day after you default. Further default fees apply for every week that the unpaid amount remains outstanding. So, another R85.00 fee is charged on day 7 and day 14 of the default period. Default fees for late payment are capped at R255.00. Please see Section 8 of the terms and conditions on our website for more information.
For Pay in 3 Payment Plans:
Total penalty default fees charged shall be capped at R375 (including VAT).
Penalties are calculated as follows:
A R125.00 fee is charged the day after you default. Further default fees apply for every week that the unpaid amount remains outstanding. So, another R125.00 fee is charged on day 7 and day 14 of the default period. Default fees for late payment are capped at R375.00.
