PayItMonthly

PayItMonthly: interest-free instalments for UK businesses

PayItMonthly is a UK finance platform that enables merchants to offer their customers interest-free monthly instalments at the point of sale. The company presents itself as a partner for businesses of every size, from sole traders to national brands, and frames its product around removing price barriers and improving checkout conversion. Its registered entity, PayItMonthly Ltd, trades as PayItMonthly and is registered in England and Wales.

The company states it has been helping businesses grow for over a decade and reports 10,000 businesses signed up in the UK. It describes itself as authorised and regulated by the Financial Conduct Authority for the purposes of the Temporary Permissions Regime for Regulated Deferred Payment Credit.

How the instalment model works

The platform structures the merchant experience in three steps. First, the business verifies its account by following a sign-up process to open a free account. Second, customers sign agreements in person, by email or online. Third, the merchant receives payment once the goods or services have been delivered.

On the customer side, the offer consists of 2 to 12 monthly instalments, with lending available up to £6,000 per customer depending on the plan chosen. The company describes the finance as interest-free and states that all credit is subject to status and affordability checks. Eligibility requires the customer to be 18 or over, a UK resident excluding the Channel Islands, and to meet the lender's criteria.

Commercial terms and pricing structure

PayItMonthly advertises rolling contracts on 30-day terms with no hidden fees. The site also states there are no late charges. Plans are tiered, and the company provides a calculator so businesses can estimate what they would earn; a bespoke plan form asks for monthly finance volume bands of £2,000–£10,000, £10,000–£100,000 and over £100,000.

Integrations, AI checks and Pass Genie

Integration is presented as a core part of the offer. The company highlights an official Shopify solution and states that it uniquely offers official integrations from Shopify, alongside other flexible integration options intended to let merchants start selling within hours. For needs outside the standard integrations, a technical team can handle bespoke work.

Two further elements support the decision process. The platform is described as powered by AI that adds an extra layer of checks to support fairer and faster decisions, and a feature called Pass Genie™ is presented as a mechanism to help more customers get approved. Merchants also get a personalised dashboard to track sales, agreements and payments.

Support, regulation and marketing resources

The company maintains a support area with instant answers and detailed guides, a knowledge base, and a Regulation Hub with practical guidance, FAQs and checklists intended to help merchants meet their regulatory obligations. Marketing resources include approved PayItMonthly logos for online and in-store use. The company states its UK-based team typically answers calls in under 30 seconds and handles setup, sales and aftercare.

Reported results and recognition

The site cites figures intended to show the commercial effect of instalments: a 22.6 million adult BNPL user base, a 57% increase in sales and 46% higher order values, attributed to a Finder BNPL report from January 2025 and a Bain & Company Merchant Survey from 2021. It also states that 92% of customers using PayItMonthly said they would not have purchased without the instalment option.

On recognition, the company reports a 4.8/5 rating described as excellent on Trustpilot and states that 96% of employees rate it a Great Place To Work. It lists a 2026 debut at 43rd in the UK on the Financial Times FT1000 list of Europe's fastest growing companies, positioning itself as the fastest growing finance provider in the UK, and 2026 recognition as a Best Workplace™ in Financial Services and a Best Workplaces™ Small Organisation. It also notes that it turned 10 in 2025 and was a finalist in the 2025 Awards & CCA alongside PayPal.

Merchant and customer testimonials cited

The site quotes several named users. Ricky Towler, founder of Muick Sandy, refers to customer flexibility and a significant sales increase since offering finance. Daniel Thomas of Design It describes the option as a win-win that makes projects more affordable and helps secure work. Cloud Enterprises Limited says PayItMonthly supports its growth with professional assistance and flexible payment plans tailored to customer budgets. Individual reviews attributed to Trustpilot, Google and Smart Money People praise ease of setup, communication and support, including during the Covid crisis.