Leanpay for WooCommerce

Leanpay is a digital installment-payment service for purchases in stores and online, described as a way to pay in instalments without visiting a bank or handling paper forms. It supports shopping in participating locations and lets customers use a mobile device to complete the process.

The service is presented as fully digital and without a credit card. It offers Leanpay 3x0% and 5x0%, with 0% interest and 0% costs for purchases up to 300 € in online stores on three installments or up to 500 € in physical stores on five installments. Users can choose the amount and number of installments, and Leanpay calculates a spending limit during registration. The site also states that the company can offer different terms together with a merchant, including the interest rate, approval cost, risk-assessment cost, repayment period, and purchase amount. It says that transaction information, including costs, interest, due dates, and related details, is shown before a credit decision is made.

Leanpay is aimed at shoppers who want to buy on installments and at merchants that want to offer installment payments. The customer flow described on the site includes entering personal data, using a valid identity document, and using a smartphone with a personal phone number. The site says a first purchase can be arranged in a few simple steps and that verification is done digitally.

The service is available in more than 3,000 stores and through more than 1,000 partners in Slovenia. The page also invites merchants to become partners and says integration is fast and easy. The company named on the site is Leanpay, finančne storitve, d.o.o., based in Ljubljana, Slovenia.