From XU Magazine, 
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Let’s redefine affordable. Meet Pay Later 👋

September 20, 2022

This article originated from the Xero blog. The XU Hub is an independent news and media platform - for Xero users, by Xero users. Any content, imagery and associated links below are directly from Xero and not produced by the XU Hub.
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We know now more than ever, it's important to be smart with your spending. So meet our latest way to get financial freedom, complete control and more flexibility than an Olympic gymnast. Hello, Pay Later.

Make a purchase, anywhere with your Revolut card, and pay in instalments. So, keep reading to find a new way to pay, and ease any pressure for unexpected expenses, or emergency buys, as well as your regular shopping:

Pay Later anywhere, on anything

Activate Pay Later mode to pay in three with any Revolut card, time and time again. There’s no interest, just a small 1.65% fee per purchase, included in your repayments

You’re in the know, always

View your spending limits, fee structure and repayment schedule before you hit go. Keep track in-app with alerts and a clear overview of your purchases and repayment dates. We’ve got your back - we’ll remind you when your payments are coming up, or if you need to add funds to the account, so you can spend hassle-free

Redefine affordable when you spread the cost

Put quality before price, whether it’s investing in a new laptop, or top quality boots to get you through the next few winters. And if that laptop breaks? You've got the flexibility to be able to repay for the repair, without using your savings.

With Pay Later you can spend with peace of mind that you’ll stick to any monthly budgets by splitting the cost across three instalments. T&Cs apply

Ready to Pay Later?

Getting started couldn’t be easier:

💸 Make sure you've got the latest version of the app
💸 Head to Hub > Pay Later
💸 Follow the steps to see how much you can spend

See you at the checkout!

Representative example (Ireland)
You make a Pay Later Purchase on 1 May of €120.  Our Fee is 1.65% of the €120 purchase price, which equals €1.98. You pay €40 upfront on 1 May and then two payments of €40.99 on 1 June and 1 July. In total, you have borrowed €80 and pay us back €81.98. This example gives an APR figure of 21.4%. APR is a calculation that helps you compare different credit products in a fair and transparent way.Note: The above is an example. Your Pay Later Limit may be higher than the example used. You may enter multiple Purchase Plans within your overall Pay Later Limit. We used some assumptions to calculate APR. These will be set out in the SECCI and your Credit Agreement.

If you're worried about making payments on any of your Revolut products, we are here to help and you should contact us as soon as you can. Find more information here.

Revolut Bank UAB is authorised by the Bank of Lithuania in the Republic of Lithuania and by the European Central Bank and is regulated by the Central Bank of Ireland for conduct of business rules.

Lending criteria, terms and conditions will apply. Pay Later is available to Revolut customers who are residents of the Republic of Ireland over the age of 18. Pay Later applications are subject to approval.

Some transactions, such as gambling transactions or cash withdrawals, are excluded from the PayLater product. For an up to date list of exclusions please refer to the Pay Later FAQ's within the Revolut app.

Warning: If you don't meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.

Why leave it there?

To find out more about Revolut

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