Let your trade customers spread the cost over 3 or 12 months while you get paid up front, in full, instantly with no recourse.
Give trade customers the power to spend more and keep coming back.
As soon as your customer checks out you have the money in your bank account.
If your customers doesn’t pay us we’ll never as you for the funds.
Remove cost as a barrier to purchase and make payment terms a USP.
iwocaPay is easy to add anywhere you take payments - from invoice to ecommerce or even in person.
They select iwocaPay at your checkout or wherever you take payments and follow the steps. If they don’t already have an iwocaPay account they’ll be able to create one there in 2 minutes.
Based on their eligibility and the options you want to offer - they’ll be given the choice spread the cost over 3 month or 12 monthly instalments.
As soon as your customer finishes checking out we send the funds in full to your bank account. No more chasing or waiting for payments to clear.
There’s no recourse - which means unlike others we’ll never ask you for the funds if they don’t pay us.
Give eligible customers more purchasing power and help them manage their cash flow by giving them the option to spread the cost over 3 or 12 months.
You control the fees for Pay Later. Take all your payments through iwocaPay for free or stand out from the competition and offer Pay Later interest free - for all of your customers, or just a special few.
Show your trade customers how much they can spend before they are at the checkout and increase average order value and customer loyalty.
Your trade customers sign up to iwocaPay via your unique link to apply for a spending limit.
We’ll take care of all the credit checks and keep track of their iwocaPay trade account balance.
They select Pay Later to use their spending limit, you’ll get the funds up front as soon as they checkout.
Here are some of the common questions we get asked about accepting payments with Pay Later - you can find all our FAQs here.
We take on all the credit risk so there’s no recourse - that means if your customers don’t pay us we’ll never come to you asking for the money (unlike other solutions like invoice factoring).
We also don’t outsource our credit recovery process to nasty third parties. iwocaPay is part of iwoca - an award winning small business lender with years of experience lending responsibly and working with businesses to get them back on track when they struggle to pay.
We only charge for Pay Later when your customers use it , there’s no subsctiption fees. You also control who pays for Pay Later - either a fixed % on each Pay Later transaction for you (and interest free for your customers) or free for you and interest bearing for you customers.
What you pay will depend on your business and account set up when you join us, speak to the team on 0203 778 0549 to find out how this might work for your business.
Yes - if your customers signs up using your sign up link. They’ll appear in you “Spending Limit” page in the dashboard. They’ll show the same statuses as payments for “Signed Up” & “Approved”.
If they sign up on the iwocaPay website you won’t be able to see them here.
Their maximum spending limit is £30,000 over 3 or 12 months.
When customers start make repayments their spending limit tops up by the same amount.