MoreTyme BNPL Review
Comprehensive review of MoreTyme's buy now pay later service. Learn about features, pros and cons, and real user experiences.
MoreTyme Quick Summary
What is MoreTyme?
MoreTyme is a South African buy now pay later service that allows you to split purchases into 3 equal payments over 60 days. It's primarily available for in-store shopping at major retailers like Pick n Pay, Clicks, and Dis-Chem.
Established: 2020
Parent Company: Lesaka Technologies
Regulatory Status: Registered Credit Provider
Key Details
Pros and Cons
Pros
Zero Interest and Fees
No interest charges or fees when payments are made on time
Major Retailer Network
Available at popular stores like Pick n Pay, Clicks, and Dis-Chem
Instant Approval
Quick approval process with soft credit check
QR Code Convenience
Easy payment process using QR codes
Budget Management
App includes tools to track spending and manage payments
No Credit Score Impact
Soft credit check doesn't affect your credit rating
Cons
Smartphone Required
Must have smartphone to use the service
Limited Online Shopping
Primarily for in-store purchases only
Lower Credit Limits
R8,000 maximum limit may be insufficient for larger purchases
Strict Payment Schedule
Fixed 3-payment schedule with limited flexibility
Limited Store Network
Not available at all retailers you might want to shop at
Account Suspension Risk
Missing payments can result in immediate account suspension
User Experience Rating
App Interface
Clean, intuitive design with easy navigation
"Easy to use"
"Simple interface"
Payment Process
QR code scanning works well in most cases
"Quick and easy"
"Sometimes QR codes don't scan"
Customer Support
Limited support channels, primarily in-app help
"Slow response times"
"FAQ section helpful"
Approval Speed
Instant approval for most users
"Super fast"
"Approved immediately"
Store Experience
Generally smooth checkout process at partner stores
"Works well at Pick n Pay"
"Some cashiers unfamiliar"
MoreTyme vs Competitors
| Provider | Max Limit | Payments | Period | Interest | Fees | Rating |
|---|---|---|---|---|---|---|
| MoreTyme | R8,000 | 3 payments | 60 days | 0% | None | 4.1 |
| Payflex | R10,000 | 4 payments | 6 weeks | 0% | R15 if payment fails | 4.3 |
| PayJustNow | R10,000 | 3 payments | 8 weeks | 0% | R5 transaction fee | 4 |
Eligibility Requirements
Personal Information
- ✓ South African citizen or permanent resident
- ✓ Age between 18 and 65 years
- ✓ Valid South African ID document
- ✓ Active mobile phone number
Financial Requirements
- ✓ Regular monthly income
- ✓ Valid South African bank account
- ✓ Good credit standing
- ✓ Not under debt review
Technical Requirements
- ✓ Smartphone with camera
- ✓ Android 6.0+ or iOS 12+
- ✓ Internet connectivity
- ✓ Ability to scan QR codes
Fees and Charges
Application Fee
Free to sign up and get approved
Monthly Fee
No monthly account maintenance fees
Transaction Fee
No fees for using MoreTyme at checkout
Late Payment Fee
Account suspended for missed payments, no monetary fees
Early Payment
No penalty for paying early
Tips for Using MoreTyme Successfully
Set Payment Reminders
Use phone calendar to set additional reminders 2-3 days before payment due dates
Check Store Availability
Verify MoreTyme is accepted before shopping at partner stores
Keep QR Code App Ready
Ensure your phone camera works well and QR scanner is functional
Budget Before Shopping
Only use MoreTyme for planned purchases within your budget
Start Small
Begin with smaller purchases to understand the payment cycle
Monitor Your Limit
Keep track of available credit limit in the app
Frequently Asked Questions
How does MoreTyme make money if there are no fees?
MoreTyme earns revenue through merchant fees paid by partner stores, similar to how credit card companies operate.
What happens if I miss a payment?
Your account will be suspended immediately, and you won't be able to make new purchases until the outstanding amount is paid.
Can I use MoreTyme for online shopping?
Currently, MoreTyme is primarily designed for in-store purchases at partner retailers using QR codes.
How do I increase my spending limit?
Limits may increase automatically based on payment history and usage patterns. There's no manual request process.
Is my personal information safe with MoreTyme?
MoreTyme uses bank-level security and encryption to protect your data and is regulated by relevant South African authorities.
Can I return items purchased with MoreTyme?
Yes, you can return items according to the store's return policy. MoreTyme will pause payments during the return process.
Final Verdict
MoreTyme is an excellent choice for in-store shopping at major retailers. The zero fees and interest make it very cost-effective, but the limited online options and smartphone requirement may not suit everyone.
Ready to Try MoreTyme?
Start shopping with MoreTyme's interest-free payment plans at major South African retailers.