LayUp provides an automated payment plan solution that integrates seamlessly with your existing WordPress e-commerce site at checkout via our Woocomerce Plugin. LayUp offers your consumers an alternative option to pay for goods/services by making monthly or weekly, interest-free instalments with no setup costs or contracts. Start accepting payment plans today. Advantages Increased Conversions – LayUp converts browsers into shoppers with an interest free payment solution online. Increased Basket Size & Repeat Purchase Rates – LayUp customers spend more per transaction over their lifetime, & they return to your site more often to LayUp their purchase. Decreased Drop Off at Checkout – LayUp reduces drop off & puts your items within reach of more customers who previously wouldn’t have been able to transact with you. Gamification Tools – LayUp gives you the cutting edge over competitors by providing a Gamification tool that incentivises your customers along the payment plan. How it Works – Customer At checkout, the customer chooses to pay using LayUp and thereafter is required to pay a small deposit (determined by you, the merchant) in order to secure their chosen items at the advertised price and to activate their payment plan. The customer has the flexibility to determine the number of weeks or months that they would like to pay over, provided that it’s within the duration parameters configured by the merchant. The customer must then fulfil their obligation and only once a payment plan is complete may the goods/services be redeemed. How it Works – Merchant Implementing our Woocomerce plugin to your Wodrpress e-commerce site allows for users to checkout using LayUp, an alternative payment solution. Orders are put into a partial state on the Woocommerce system to indicate that it’s being paid off. LayUp allows your customers to pay through card or EFT payments at no additional cost to you. LayUp’s technology automatically collects monthly payments & will follow up with your clients to help them reach their goals. Orders are updated daily with the payments that have been made via LayUp for the order. LayUp allows merchants the ability to update their merchant account details at their convenience. Merchants can simply enter their API Keys (to authenticate themselves on the LayUp API) You can fetch this API Key by contacting merchantsupport. Should a merchant decide to remove the plugin, the plugin automatically reverts all the changes made to the system.