---
title: Paylater Business Model & Fee
slug: en/paylater-business-model-and-fee
description: Information about the Business Model and Fee when using the Paylater payment method
image: https://archbee-image-uploads.s3.amazonaws.com/ZHvSjR5ZrsoxwKbJa3xmo/RpxO9CyiQOSagcov6EEo2_nicepay-docs-logo.png
icon: {"faIcon":"fa-solid fa-book"}
docTags: 
createdAt: 2022-09-16T08:57:31.000Z
---

# Business Model

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The Paylater payment method makes it easier for the borrower to apply for a loan from the lender by using the borrower's identity. The lending process on Paylater is more transparent and faster than the credit system at Bank. Both individual or Merchant borrowers can apply for a loan to the Paylater Partner as needed.



# Fee to Use Paylater Service

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## Customer's Side

Customers aren't charged when registering for the Paylater service. Customers will get the limit according to the Paylater Partner's assessment/approval and start to charge after using Paylater to make transaction payments. The funds are in the form of interest expenses that must be paid when paid off the loan. Besides, the Customers may be fined if they are late paying off the loan.

## Merchant's Side

Merchants will be charged Merchant MDR Paylater (%) + Fix Rate (publish rate).

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Please visit the [Product & Service Fee](docId\:uxycjy5qAVU6k37r5-ji0) page for further information.
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# See also

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Visit the [Paylater Transaction Settlement](docId\:nElP2MOuxenjCoz_6qvXr) page to find out various ways to complete Paylater transactions.
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Visit the [Paylater Rule and Limitation](docId\:Yp8wKbUDyslwg9r-HYRZQ) page to find out the specific provision of the Paylater.
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Visit the [Paylater Glossary](docId:77uVplXPtDBZ7majjNUlc) page to find out the particular term used on Paylater.
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Visit the [Paylater FAQ](docId\:kDB6P0LP4-JvBiEaN0R2x) page if you want to find out frequently asked questions related to Paylater.
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