Clearpay is a payment method that allows consumers to pay for goods or services in four installments. The first installment is paid at the time of purchase; the next three are paid every two weeks. After six weeks, the item is paid for in full.

For accounts that pay on time, Clearpay makes no additional charges – but buyer beware, late fees apply! Consumers can set up Clearpay’s digital card in the app, and add Clearpay to their digital wallet.

Unlike credit cards, Clearpay doesn’t automatically approve purchases. The total cost of the sale, the amount of money in the account (at minimum, 25% of the total), number of outstanding Clearpay orders, and repayment history, all factor into Clearpay’s approval process.

For merchants, this verification process adds a layer of protection, and helps reduce chargebacks and other costs associated with nonpayment.

In order for merchants to use the ClearPay Network service, they must first register on the Clearpay website. They’ll need to provide some basic information about themselves and their business. Once they have done this, they will receive an email containing their account details along with instructions on how to set up their account using one of their supported payment gateways (e-commerce platforms).

Once you have signed up with ClearPay Network and selected which gateway you want to use, you will need to log in to Clearpay before offering Clearpay as a payment option.