The rise of Buy Now, Pay Later (BNPL) services in South Africa has provided consumers with more flexible payment options. Among the most popular BNPL providers are PayFlex and PayJustNow. Both platforms allow customers to spread the cost of their purchases over several payments without interest. However, there are key differences in their fees, terms, and conditions.
This article provides a detailed comparison of PayFlex vs PayJustNow, helping you determine which service best suits your shopping needs.
Overview: PayFlex vs PayJustNow
What is PayFlex?
PayFlex allows shoppers to split their purchases into four equal interest-free payments over six weeks. The first payment is made immediately, and the remaining three payments are deducted automatically every two weeks.
- No interest is charged on purchases.
- No account fees for signing up or using the service.
- Late payment fees apply if installments are missed.
What is PayJustNow?
PayJustNow enables customers to split their payments into three equal interest-free installments over three months. The first installment is paid at the time of purchase, with the remaining two payments deducted automatically each month.
- Always interest-free, provided payments are made on time.
- No account fees for signing up or using the service.
- Late payment fees apply for missed payments.
Both platforms offer immediate approval, meaning shoppers can access their purchases immediately while spreading payments over time.
Comparing PayFlex vs PayJustNow: Fees and Charges
| Feature | PayFlex | PayJustNow |
|---|---|---|
| Number of Installments | 4 payments (over six weeks) | 3 payments (over three months) |
| First Payment | 25% of the purchase price at checkout | 33% of the purchase price at checkout |
| Interest | No interest | No interest |
| Late Payment Fees | R95 per missed payment (charged weekly up to 3 times) | R145 per missed payment (maximum penalty of 25% of purchase) |
| Account Fees | No fees | No fees |
PayFlex allows for a slightly longer repayment period by offering four payments over six weeks, while PayJustNow operates on a three-payment structure over three months. Both services ensure customers do not pay extra as long as payments are made on time.
PayFlex vs PayJustNow: Terms and Conditions
Eligibility
To use either PayFlex or PayJustNow, shoppers must:
- Be 18 years or older.
- Have a valid South African ID.
- Own a debit or credit card from a South African bank.
Both platforms do not require a credit check, making them accessible to a wide range of consumers.
Approval Process
Both services provide instant approval, meaning customers can complete their purchase immediately after signing up. The approval process is quick and automated, requiring only basic personal and banking details.
Late Payments and Consequences
- PayFlex charges R95 per missed payment, applied weekly for up to three missed payments.
- PayJustNow charges a reprocessing fee of R145 per missed payment, but total late fees cannot exceed 25% of the transaction amount.
Both services will send payment reminders before deductions to help customers avoid penalties.
Payment Plan Comparison: PayFlex vs PayJustNow
To better understand how PayFlex vs PayJustNow works, let’s consider a real-world example. Assume you are purchasing Nike Air Force 1 sneakers from Superbalist for R2,399.
| Payment Option | Total Cost | First Payment (Upfront) | Second Payment | Third Payment | Fourth Payment |
|---|---|---|---|---|---|
| Pay in Full | R2,399 | R2,399 | N/A | N/A | N/A |
| PayFlex (Pay in 4) | R2,399 | R599.75 | R599.75 (2 weeks later) | R599.75 (4 weeks later) | R599.75 (6 weeks later) |
| PayJustNow (Pay in 3) | R2,399 | R799.67 | R799.67 (next month) | R799.67 (final month) | N/A |
PayFlex allows for four payments spread over six weeks, while PayJustNow offers three payments over three months. Customers who prefer lower individual installment amounts may find PayFlex more appealing, whereas those who prefer a longer repayment period may prefer PayJustNow.
Where Can You Use PayFlex and PayJustNow?
Both BNPL services are widely accepted across South Africa. Some major stores where you can use them include:
PayFlex Partner Stores
- Takealot
- Superbalist
- Cotton On
- Cape Union Mart
- Exclusive Books
PayJustNow Partner Stores
- Superbalist
- Edgars
- The North Face
- Totalsports
- Cape Union Mart
For a full list of partner stores, visit payflex.co.za or payjustnow.com.
Read More: Top Pay Just Now Stores With Great Deals
Which is Better? PayFlex vs PayJustNow
The best BNPL service depends on your budget and payment preferences.
Choose PayFlex If:
- You prefer four smaller payments over a shorter period (six weeks).
- You want lower installment amounts at each payment stage.
- You shop at retailers that accept PayFlex.
Choose PayJustNow If:
- You prefer three monthly payments instead of four.
- You need more time to settle payments (three months).
- You shop at retailers that support PayJustNow.
Ultimately, both services offer a risk-free, interest-free way to pay, provided payments are made on time.
Final Thoughts on PayFlex vs PayJustNow
Both PayFlex and PayJustNow provide South African shoppers with convenient, interest-free installment plans. Choosing between them depends on whether you prefer a shorter-term payment structure (PayFlex) or a longer-term option (PayJustNow).
Before selecting a BNPL service, always check:
- The store’s accepted payment options.
- Your financial ability to make timely payments.
- The penalty fees for late payments.
For those who want flexibility in managing their budgets, PayFlex vs PayJustNow both offer excellent solutions.
