Lay-Buys

Terms and Conditions: PUT IT ON LAY-BUY

The below makes up the Terms & Conditions for any Lay-Buy transactions entered into:

1. Cancellation of Lay-Buy by Seller

The seller under a Lay-Buy must not cancel it unless –

a) The buyer breaches a term of the Lay-Buy; or

b) The seller stops trading

2. Cancellation of Lay-Buy by Buyer

The buyer may cancel their Lay-Buy order at any time prior to delivery of products and on delivery of products if the products are damaged by so advising seller in writing

3. Effect of Cancellation

Subject to the above, when a Lay-Buy is cancelled by buyer, Seller must refund all money paid within 14 days less a 10% down-payment. 

4. Service Fee

Seller shall not charge the customer any interest charges, membership fee or service fee on any Lay-Buy sales transaction. Lay-Buy Financial Solutions Pty Ltd trading as www.lay-buys.com charges a once-off admin fee, with the amount displayed to customers at checkout. The buyer will pay this amount to Lay-Buys at checkout at time of paying the down payment. This fee is an admin fee and is therefore not refundable.

5. Delivery

The seller will only fulfil order and deliver the product/s after receiving the final instalment payment for all Lay-Buy order

 

FAQ

Is it safe & secure?

All LAY-BUY payments are automatically setup in PayPal’s secure environment.

Are there any ongoing costs?

No ongoing costs – only a once-off admin fee, payable to Lay-Buys. The amount depends on order value.

Are there any interest charges?

No interest charges ever

Are there any late fees?

No late fees ever

Is it flexible?

Yes, customer can payout balance at any time and take an earlier delivery. 

When do I receive the goods?

Customer receives their goods after their final payment

How are Lay-Buy instalment payments paid?

Lay-Buy instalment payments are auto-paid from their linked card in their PayPal setup.

How do I ensure all Lay-Buy instalment payments are paid?

Customer to ensure there is always funds available and correct card is linked in PayPal.

Steps:

Steps to check you have correct card linked

  • Login to PayPal
  • Click ‘settings’
  • Click ‘payments’
  • Click ‘manage automatic payments’
  • Click ‘set available funding sources’

You will then see the credit card and/or bank card that’s linked to your a/c setup.
You need to ensure the correct card is residing here, and select for the recurring payments to work.

Can a customer manually make payments towards their Lay-Buy order?

No – all Lay-buy payments are automated via a recurring profile in your PayPal setup.
Customers can settle their balance at any time.

How does a customer settle a LAY-BUY earlier?

Customer needs to contact store to revise their payment plan. Customers cannot revise themselves. Customer needs to simply contact the seller. Customer will then receive an email from merchant with an embedded payment link for their payment of balance in PayPal – and an earlier delivery.

What happens if a payment is missed?

PayPal will then auto attempt again in 5 days, two more times – please ensure you have sufficient funds, and have the correct card linked in your PayPal setup.

Is the customer and merchant told about a missed Payment?

Yes, PayPal send an email notification to both parties

How does a customer catch up a missed payment?

Seller will invoice customer for any missed payments

Can a customer see their payment plan?

Yes, you can login to your PayPal account – go to settings >> payments >> pre-approved payments.
Lay-Buys do not have a customer or login section on their website

Why do PayPal auto-cancel a payment plan?

PayPal auto-cancel a profile if they cannot link the recurring payments to a card in the customer’s setup.
And they then have to unfortunately cancel the plan.
These are the steps the customer needs to follow to rectify their setup, and link the correct card.

Steps:

Steps to check you have correct card linked

  • Login to PayPal
  • Click ‘settings’
  • Click ‘payments’
  • Click ‘manage automatic payments’
  • Click ‘set available funding sources’

You will then see the credit card and/or bank card that’s linked to your a/c setup. You need to ensure the correct card is residing here, and select for the recurring payments to work. Then customer can then try place order again – and this next time, the plan will not be auto-cancelled.