What is Payflex Buy Now, Pay Later (BNPL)?

What is Payflex Buy Now, Pay Later (BNPL)?

Introducing Payflex Buy Now Pay Later

Payflex Buy Now, Pay Later (BNPL) is one of the many payment methods offered by Payfast to help merchants give customers more flexible ways to pay.
BNPL is a short-term, interest-free payment option that lets shoppers buy goods or services immediately and receive them right away - while spreading their payments over multiple instalments.
For merchants, it’s a win-win. You get paid the full amount upfront, while Payflex manages the customer’s repayments and credit risk in the background.

How Payflex BNPL Works
Here’s a simple example of how Payflex BNPL fits into your payment flow:
Step 1: Shopper selects Payflex BNPL at checkout.

Step 2: They are redirected to Payflex to log in or sign up.

Step 3: They pay their first instalment immediately based on the instalment plan they select. 

Step 4: Payfast settles you (the merchant) the full value, minus transaction fees.

Step 5: The shopper then repays Payflex directly in 2- 4 instalments, interest-free.
Even if the buyer fails to complete their repayments, you are not affected because Payflex carries the credit risk.

Why It Matters for Your Business
Offering BNPL isn’t just about giving customers choice, it’s about meeting modern expectations. In today’s market, flexible payment options can make or break a sale. By enabling Payflex BNPL, you’re opening your store to more customers, larger baskets and higher revenue.


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