// Layby - layaway

A Savings Product Merchants
can Offer Customers

Layby is a savings product that Merchants can offer their Customers to finance goods and services in real-time on a variety of platforms, including Online. A deposit is normally paid to the Merchant and the balance is paid through a Layby account.

SwitchPay provides a Layby product to Retail Merchants which they can offer to their Customers as an alternative payment option to traditional payments such as card, cash or EFT.  Layby is ideally suited for Customers who do not qualify for a PBL product or prefer to save rather than borrow funds to pay for goods and services.  

SwitchPay offers a Customer the option to pay a deposit for goods and services and to open a Layby account real-time at the Point of Sale.  The Customer can then select the period of repayment which can conveniently be paid using DebiCheck, cash at ATM or another selected payment option.  Customers can apply Online or In-store for a Layby account.  

Merchants are enabled to increase their turnover by offering a convenient, real-time Layby product at Point of Sale which is especially convenient when paying for high value ticket items.

Activate Today!

Activate the Layby product on your Point of Sale or Online by emailing us at contact@switchpay.co.za. If you are an existing Card Merchant of Nedbank, you can also contact Nedbank on mhe@nedbank.co.za or 0860 114 966 for activation or alternatively the product can be activated directly on your Nedbank Ingenico Card Terminal.