What is Lay-Buy? Lay-Buy Review

Origin of launch

As a consistent online purchaser of concert tickets, electronics, and many other products, I have found my online purchasing experience to be not only expensive but also unaffordable on many occasions.

Multiple online transactions, overlapping in time, with a variety of different products and services, are particularly evident when buying concert tickets and offering a new rental apartment.

This was the birth of the idea of ​​Online Lay-Buy and Layaway.

introduce

Lay-Buy provides sellers with the opportunity to increase sales and improve cash flow, and provides buyers with an affordable option to purchase products or services through a one-time down payment and up to three monthly installments to pay for products or services.

The website provides a variety of services related to installment payments, such as a calculator to calculate the down payment and the number of months to pay for the product, and the ability to settle orders in advance over the phone. In addition, buyers can also set their desired down payment percentage and the number of months to pay for the installment.

To put it simply, Lay Buy is a pre-purchase where you pay in installments first and you can get the goods only after the final payment is received.

Applicable goods and services

Dating, weddings, honeymoons, travel, decoration, medical treatment, festivals, ticketing, electronic products, high-end consumer goods, beauty and fashion products, home products, sporting goods, outdoor life, clothing and apparel, etc.

Use the platform

Shopify, magento, prestashop, opencart, woocommerce

cost

For buyers, a 1.9% handling fee is required when making payment, while for sellers, membership fees are free and they can enjoy the extended plug-ins provided by Lay-Buy for free. However, when the goods are sold, a transaction fee of the agreed discount needs to be paid, and no transaction will be incurred if there is no transaction.

Payment Methods

One is an advance payment and the other is a three-month installment.

Payment Steps

The first step is to choose Lay-buy installment payment at checkout;

The second step is to choose an installment plan through an online calculator;

Step 3: Pay the advance payment or set up a regularly scheduled payment date.

Step 4: Receive the goods or services at the final payment.