Pay4Later Business, formerly operated by Pay4Later Limited since 2008, was a UK-based provider specialising in point-of-sale finance and merchant lending. The firm enabled retailers to offer instant credit to customers at checkout and access working capital through business financing products. Although the Pay4Later brand for consumer services has rebranded as DEKO, the business financing arm's legacy offerings remain relevant for existing merchants. Its regulated platform and multiple credit options may suit UK retail-focused SMEs looking for embedded finance solutions or short-term revenue-linked advances. Find more on business loans overview and credit facility options.
Key features of Pay4Later Business
Pay4Later Business offered practical features designed to support retail merchants with instant checkout finance and adaptive capital solutions. Its FCA regulation and digital integration capabilities delivered compliance and operational ease for participating businesses.
- Fully digital checkout integrations with APIs and plug-ins for major e-commerce platforms like Shopify, Magento, and WooCommerce. See e-commerce financing.
- Instant approval decisions for retail consumer credit, enhancing conversion rates within seconds. Learn about quick business finance.
- Offers a dedicated merchant support team plus developer resources for integration and maintenance. Read more on finance tools.
- Revenue-based repayment model on the Merchant Revenue Advance adapts to daily card sales, easing cash flow pressures. See cash advance details.
- FCA-regulated platform ensuring compliance and consumer protection under financial conduct authority rules. Review regulatory framework.
Funding eligibility
You may qualify for Pay4Later Business finance if you are a UK-registered SME with six to twelve months of trading history and meet minimum turnover requirements specific to each product. Business sectors excluded include gambling, adult entertainment, weapons, and cryptocurrencies as regulated. Consult our qualification guide and use the business calculator to assess your eligibility.
Loan options
The firm's product range focused on two main finance types suitable for retail-led businesses: a retail finance facility for customer credit and a revenue advance for working capital. Both have distinct borrowing terms, amounts, and costs.
- Retail Finance Facility (Point-of-Sale Consumer Credit): Loans from £250 to £25,000 per customer transaction. Terms span 3 to 60 months with APRs ranging from 0% (subsidised) to 29.9%. Merchants must integrate Pay4Later checkout and have at least £100,000 annual turnover. Visit business loans for similar options.
- Merchant Revenue Advance (Business Cash Advance): Advances from £5,000 up to £500,000 repaid as a percentage of daily card sales over 3 to 12 months. Factor rates imply a total cost of advance approx 15% to 35%. Eligibility requires £10,000 monthly card sales and 12 months of trading. More on cash advances.
How to apply
The application process for Pay4Later Business finance was designed for digital convenience with quick turnaround times. Thorough documentation and FCA compliance checks form part of onboarding.
- Submit your application online with e-signature through the merchant portal. Get started at our application form.
- Provide business financial documents including bank statements, processing statements, and filed accounts for review. See our document checklist.
- Pay4Later completes underwriting and credit-check assessments with decisions in as little as seconds for retail finance or 24 to 48 hours for merchant advances.
- Sign agreements digitally once approved, with funding within a few business days depending on the product. Check timelines at our payment submission guide.
Funding Agent's view on Pay4Later Business
Pay4Later Business established itself as a niche UK finance provider linking merchant sales and consumer credit at point of sale. Its digital-first approach and FCA-regulated products suit retail merchants with steady card turnover and short-term funding needs. However, it may be less suitable for non-retail businesses or those requiring secured, long-term credit options. For a deeper evaluation, see our Pay4Later Business reviews and explore comparison tools on business loans.
