YOGYAKARTA Paylater is one of the payment products that is now digitalized or known as fintech. The benefits can be felt by the wider community. In addition, its use is also quite easy and simple. Then, how does a real paylater work?

literally, a paylater is a phrase composed of two words in English, namely pay which means pay, and later which means later. The term paylater is then interpreted as a payment method that can be done by disbursing and making payments in the future.

With a paylater, a buyer does not need to make a payment right away, but it can be postponed to a tenor that has been determined by the payment provider. Usually, the tenor provided by the payment service provider is 30 days. However, some companies gave a choice of installments of 3 to 12 months. For this, Paylater was then linked to an online loan without a credit card.

The way the paylater works is actually simple, even similar to how credit cards work. Users will get a limit with the amount that has been determined by the company. In addition, the paylater payment system is also widely available in various marketplaces.

For those of you who want to take advantage of paylater payments, there are a number of conditions that must be met. Each paylater provider has different requirements, but in general it is as follows.

After that you simply apply as a paylater user. Providers will conduct a review before providing a paylater facility for you.

The paylater payment system has a number of advantages that will be felt by its users, namely as follows.

Prospective paylater users are spoiled by paylater provider companies. Unlike credit loans at banks, the process of applying for a paylater is easier and very simple.

Paylaters are widely chosen because they provide an installment system that is considered to reduce the burden of payments when shopping. The available installment tenor also varies, you can choose according to your financial capacity.

Some people use paylaters for spending on production goods for business purposes so that this payment system is able to provide fast access to capital for entrepreneurs.

Shopping in the marketplace using a paylater will make it easier for consumers to make payments. Consumers do not need to do many topups to make payments.

Until now, many marketplaces provide special promos for users. Even the promos offered are more profitable than transaction promos without paylaters. You can take advantage of this moment to shop or meet your needs.

Although the paylater has many advantages, a number of people choose not to use this payment system for several reasons, namely as follows.

The ease of payment offered through paylater encourages a person to become consumptive so that it has the potential to have a wasteful lifestyle.

A wasteful and consumptive lifestyle makes paylater users have the potential to be in installments because consumers can use a paylater of more than one company. If you can't control yourself, consumers can charge more than one paylater. This condition would be better avoided for your financial health.

What is still a concern about using paylaters is not only lifestyle problems but also security factors regarding the personal identity of the user.

That's information related to how the paylater works. To get other interesting information, visit VOI.ID.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)