Laybuy is a popular buy now, pay later (BNPL) service that allows consumers to make purchases and spread the cost over several interest-free installments. While Laybuy has gained significant popularity, there are other BNPL services available in 2024 that offer similar features and benefits. In this article, we will explore ten of the best Laybuy alternatives and competitors that you can consider.

1. Klarna

Klarna is one of the leading BNPL services globally, offering flexible payment options for online and in-store purchases. With Klarna, consumers can split their payments into four installments or choose to pay within 30 days. The service integrates seamlessly with various e-commerce platforms, making it convenient for both merchants and shoppers. Klarna also provides additional features such as price drop notifications and personalized recommendations.

2. Afterpay

Afterpay is another popular BNPL service that allows consumers to split their payments into four equal installments. Users can make purchases online or in-store and select Afterpay as their payment option. Afterpay does not charge interest or fees if payments are made on time. It also offers a user-friendly mobile app that enables customers to manage their payments and view their purchase history.

Reading more:

3. Affirm

Affirm is a BNPL service that offers flexible payment plans for online purchases. Users can choose to split their payments into fixed monthly installments with interest rates ranging from 0% to 30% APR, depending on their creditworthiness. Affirm partners with various retailers, allowing consumers to use the service across a wide range of online stores. Additionally, Affirm provides a transparent and straightforward payment process.

4. Splitit

Splitit is a unique BNPL solution that allows consumers to pay for their purchases using their existing credit cards. Instead of applying for a new line of credit, Splitit enables users to split their payments into interest-free installments using their own credit card limit. This service is beneficial for individuals who prefer not to open new accounts or undergo credit checks. Splitit works with major credit cards and integrates with various e-commerce platforms.

5. Zip

Zip is an Australian-based BNPL service that has expanded internationally. In addition to providing installment plans, Zip also offers a digital wallet feature that allows users to make quick and secure payments online. With Zip, consumers can choose to pay in four installments or opt for a longer-term payment plan with interest. The service is widely accepted by numerous retailers across different industries.

6. Sezzle

Sezzle is a BNPL service that focuses on affordability and financial responsibility. It allows users to split their payments into four interest-free installments. Sezzle does not perform a hard credit check, making it accessible to a wider range of consumers. The service also offers a mobile app that enables users to manage their payments and track their spending.

Reading more:

7. PayPal Pay in 4

PayPal Pay in 4 is a recent addition to PayPal's suite of payment services. It allows customers to split their purchases into four interest-free payments, paid every two weeks. PayPal Pay in 4 is available to both PayPal account holders and non-account holders, making it convenient for a broad customer base. This service integrates seamlessly with the existing PayPal ecosystem.

8. Quadpay

Quadpay is a BNPL service that allows users to split their payments into four installments over six weeks. Quadpay is widely accepted by various online retailers, making it a convenient option for online shopping. It also offers a mobile app for users to manage their payments, view purchase history, and receive personalized recommendations.

9. Openpay

Openpay is a BNPL service that provides flexible payment plans for both online and in-store purchases. Users can spread their payments over a predetermined period, typically ranging from two to 24 months, depending on the merchant's offerings. Openpay also offers interest-free options and provides a user-friendly app for managing payments and tracking purchases.

10. Layaway

Layaway is a traditional payment method that predates BNPL services. With layaway, customers can reserve an item by making a deposit and paying the remaining balance over time. Unlike BNPL services, the customers receive the item only after completing all payments. Layaway is still offered by some retailers as a budget-friendly alternative to credit-based payment options.

Reading more:

In conclusion, while Laybuy is a popular BNPL service, there are several alternatives and competitors available in 2024 that offer similar features and benefits. Whether you prefer the convenience of splitting payments into installments, using your existing credit card, or opting for a longer-term payment plan, the alternatives mentioned in this article provide viable options to consider. Choose the best BNPL service based on your specific needs and financial preferences, and enjoy the flexibility and convenience of spreading your payments without incurring interest charges.