Pay4Later Ltd, trading as Deko, is a UK-based, FCA-authorised credit broker established in 2010. It offers a multi-lender platform that allows retailers to provide a comprehensive range of point-of-sale finance products online and in-store. The platform suits UK merchants aiming to increase sales conversion across both e-commerce and physical outlets by offering diverse finance options under one integration. More about alternative finance loans can be found here and information on lenders here.
Key Features of Deko
Deko provides merchants with technological and operational benefits that support both consumer and business finance offerings. Integration and support focus on enhancing merchant success and operational ease.
- Cloud-based merchant portal offering real-time reporting and reconciliation; details on alternative finance loans.
- Single integration accesses multiple lenders with automated selection rules to boost acceptance rates; visit lenders for further details.
- E-commerce plugins and RESTful API support for custom checkouts, alongside in-store tablet and QR code payment capabilities; explore business loans for additional options.
- UK-based merchant support available seven days a week by phone, chat, or email.
- Compliance with FCA regulation and PCI-DSS standards enhances trust and security.
Funding Eligibility
To qualify for Deko's point-of-sale finance solutions, merchants generally need a track record of trading, and consumers must meet residency and income criteria. Eligibility aligns with common requirements across alternative finance options.
- Merchants typically need at least 12 months trading history and £250,000+ annual card turnover; more details on how to qualify for a business loan.
- Consumers must be UK residents aged 18 or over with regular income; credit checks apply, information on credit scores.
- Excluded sectors include gambling, cryptocurrency, firearms, and unlicensed health products, consistent with bank loan and alternative lender policies.
Loan Options
Deko offers multiple loan products ranging from interest-free credit to business finance. Loan terms and conditions vary by product and partner lender.
- Interest Free Credit (0% APR): £250 to £15,000 over 3 to 48 months with zero fixed APR. See more about unsecured business loans.
- Interest-Bearing Credit (Pay Monthly Finance): £250 to £25,000 over 12 to 60 months with representative APR from 9.9% to 19.9%. For terms, refer to term loans.
- Buy Now Pay Later (Deferred Payment with Interest): £250 to £5,000 with a 6 or 12-month deferral plus 24 to 48 months repayment, APR about 19.9%. Learn about interest rates.
- Pay in 4 (Short-term Split Pay): £50 to £1,000 repayable in 4 monthly instalments interest-free. Details of application forms are available online.
- B2B Pay Monthly Finance: £1,000 to £250,000 over 6 to 60 months with flat rates between 6.9% and 14.9%, used mainly for business finance. More on business loans.
How to Apply
Deko's application process is fully online for merchants and consumers, with quick decision times and transparent documentation requirements designed for efficiency.
- Merchants submit online applications with key documents such as filed accounts and ID for directors; online application forms are available.
- Merchants can expect onboarding decisions within 24–48 business hours; consumer credit decisions are made in as little as 2–30 seconds; see loan calculators for estimating payments.
- Consumers provide name, date of birth, address history, income, and bank card details digitally or in-store.
- Consumers receive funding within 1–2 business days after agreement and dispatch of goods.
Funding Agent's View on Deko
Deko occupies a significant role within the UK's point-of-sale finance ecosystem. It is well suited for established UK merchants seeking to increase sales conversion through versatile finance options integrated across sales channels. Its reliance on partner lenders means it is not a direct lender, and APRs on interest-bearing products can be relatively high. Businesses looking for large secured loans or entrance into restricted sectors may find its offering limited. To explore eligibility and financing options further, visit loan eligibility requirements, compare business loan options, or use the business loan calculator.
