Clearpay payments are due every 2 weeks. This means that if you make a purchase on Clearpay today, your first payment will be due in 2 weeks, and your final payment will be due in 8 weeks.
Here is a breakdown of how Clearpay payments work:
- You make a purchase on a Clearpay-enabled website or app.
- You approve the purchase and provide your payment information.
- You make your first payment immediately.
- You make the remaining 3 payments every 2 weeks.
For example, if you make a purchase for £100 on Clearpay, you will make 4 payments of £25 each. The first payment will be due immediately, and the remaining payments will be due on weeks 2, 4, and 6.
There are no interest or fees associated with Clearpay payments. However, if you miss a payment, you may be charged a late fee.
It is important to make sure that you can afford the payments before you use Clearpay. If you are struggling to make payments, you can contact Clearpay for help.
Pros of Clearpay:
- Convenient: Clearpay allows you to spread the cost of a purchase over time, which can be helpful if you don’t have the money upfront.
- No interest: There are no interest or fees associated with Clearpay payments, which can save you money.
- Easy to use: Clearpay is easy to use and can be applied for online or in-store.
Cons of Clearpay:
- Easy to overspend: Clearpay can make it easy to overspend, as you are not required to pay the full amount upfront.
- Late fees: If you miss a payment, you may be charged a late fee.
- Not available everywhere: Clearpay is not available everywhere, so you may not be able to use it at all stores.