Company Information

Get to know payitlater

Payitlater was an Australian fintech company that operated in the Buy Now, Pay Later (BNPL) sector. It provided a payment platform for online and in-store merchants, enabling their customers to purchase goods and services immediately and pay for them over four equal, interest-free fortnightly installments. The service was designed to increase sales conversion and average order value for retailers. In March 2021, Payitlater was acquired by a larger BNPL provider, Openpay. However, the parent company, Openpay, entered receivership in February 2023 and ceased all trading operations, leading to the discontinuation of all its services, including Payitlater.

Industry

Financial PaymentPRIMARY
Financial Other Service

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payitlater

Australia

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.