Payloan FAQ

what is the difference between payloan and paylater? {{payloan}} is a loan of funds given by {{the}} {{bank}} or other financial institution with a period and interest paylater is a later {{payment}} ways or installment to buy goods or {{service}} s linked to a {{cc}} or digital application even though {{nicepay}} uses {{the}} term {{payloan}} as {{the}} name for its {{product}} and {{service}} , however in terms of concept and {{system}} , {{the}} {{payment}} scheme for {{payloan}} is generally similar to paylater what if you want to transact with payloan but don't have an account with a payloan partner that works with nicepay? {{customer}} s must create an account first on {{the}} used {{payloan}} {{partner}} application because after {{proceed}} ing with {{the}} {{checkout}} {{process}} , {{customer}} s will redirect to {{the}} {{payloan}} {{partner}} 's application to complete {{the}} {{transaction}} what if you don't have enough limits to proceed with the transactions with payloan partners? if you have a bill, {{the}} {{customer}} must pay off {{the}} previous bill on {{the}} {{payloan}} {{partner}} first, so that he can make {{transaction}} s again with sufficient limits if you don't have a bill, then {{the}} {{customer}} must submit an additional limit to {{the}} relevant {{payloan}} {{partner}} before making a {{transaction}} why can transactions using payloan fails? {{payloan}} limit is not sufficient to complete {{the}} {{transaction}} the provider's signal is interrupted while making a {{transaction}} not supported by {{the}} issuer network transaction rejected from {{payloan}} {{partner}} how do merchants check transactions that have been successfully paid with payloan? merchants can view {{transaction}} history within a certain period through {{the}} merchant back office docid\ s2zo71iysoasepjtevvn7 at transaction data docid\ zrk8rit bqhvjtchyi31m {{menu}} to check all {{transaction}} data, or fail transaction docid 80blnxz5ufod5tu7wd7ea {{menu}} to check the failed {{transaction}} data does payment with payloan have a refund process at the merchant back office? the {{nicepay}} merchant back office docid\ s2zo71iysoasepjtevvn7 doesn't provide a refund {{process}} for {{payment}} s with {{payloan}} {{customer}} s can carry out {{the}} refund {{process}} by contacting {{the}} {{merchant}} or {{the}} relevant {{partner}} to carry out {{the}} refund {{process}} why hasn't the customer received a refund? the {{nicepay}} refund {{service}} time follows {{the}} {{service}} time that has been determined by {{the}} {{partner}} ( payloan transaction settlement docid\ rdtqh3tgtfstyd0scobfr ) if {{the}} {{customer}} still hasn't received a refund after {{the}} decided time, please contact {{the}} relevant {{partner}} why can the refund process fail? refund submission rejects by {{the}} {{partner}} refund submission doesn't appropriate with {{the}} {{merchant}} 's terms what is meant by settlement? {{settlement}} is {{the}} {{process}} of recording a {{transaction}} & transferring {{transaction}} funds from a financial institution ( {{bank}} or {{nicepay}} ) to an individual or company that refers to as a {{merchant}} {{please}} visit {{the}} settlement process docid 33usinprk5sroj2thctpa {{page}} for further {{information}} how long does it take to carry out the payloan settlement process? {{please}} visit {{the}} payloan transaction settlement docid\ rdtqh3tgtfstyd0scobfr {{page}} for further {{information}} how do i cancel the payloan payment method? for akulaku {{partner}} s, you can use {{the}} {{nicepay}} cancel {{api}} for kredivo and indodana {{partner}} s, you can cancel via {{the}} {{partner}} 's dashboard can payloan transactions be expired? yes, {{payloan}} {{transaction}} s can be set as expired by using {{the}} payvaliddt and payvalidtm {{parameter}} s