Laybuy adds PrettyLittleThing and Hype for UK summer push

By Oliver Smith on Friday 26 June 2020

Digital Banking

The buy-now-pay-later landscape is hotting up.

Laybuy adds PrettyLittleThing and Hype for UK summer push
Image source: Gary Rohloff (Right)/Laybuy.

Buy-now-pay-later group Laybuy has scooped up prominent online retailers PrettyLittleThing and Hype, joining Australian credit rival Clearpay at the checkout of both. 

The news is a sign of just how competitive the landscape between Klarna, Clearpay (part of Afterpay) and Laybuy is becoming as each vies to become the default checkout credit provider. 

Hype, for instance, previously included Klarna on its checkout, before shifting to Clearpay and now adding Laybuy. 

“We’re delighted to announce PrettyLittleThing and HYPE. as the next two fashion brands to join the Laybuy family, said Laybuy’s managing director and co-founder Gary Rohloff. 

“We understand customers want more flexibility at the checkout, but at the same time want assurance that payments are risk-free and interest-free. That’s exactly what Laybuy has been designed to do, and we’re so excited to bring this to PrettyLittleThing and HYPE. customers in the UK!” 

Laybuy claims its UK retail partners have seen order values rise by 60 per cent since switching to its service, with Laybuy carrying the credit risk of the six equal weekly payment splitting it offers. 

However, buy-now-pay-later services have been drawing increasing criticism, despite being interest-free missed payments can still impact credit scores. 

Klarna’s revenues have surged during lockdown while others have warned that teens are using such services to fuel ‘free money’ shopping sprees.

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