Buy Now, Pay Later with MoreTyme
Coffee drinking and brewing is a rewarding hobby to have. You are able to experience flavours and aromas from across the globe in the comfort of your own home. It is a hobby that requires a certain amount of investment though. Not only do you need the right beans; you also need the right equipment.
At Cape Coffee Beans, we offer a broad range of equipment, accessories, and coffee beans to our customers, and we’re excited to offer payment methods that help to make them all more accessible. To that end, we’ve recently made a new way to pay available through MoreTyme.
What Is MoreTyme?
MoreTyme is a buy now, pay later solution developed by Tymebank, which we are able to offer through our partnership with Payfast. It is a payment option that allows you to pay off your purchase in three instalments over three months. What sets MoreTyme apart is that you pay no monthly fee, no interest and no fee when you buy, meaning that you don’t have to pay more than the price tag.
For coffee lovers in need of new gear, being able to make easy, interest-free payments for larger purchases is a significant benefit. All you need to do is open an account with Tymebank using their app, or use your existing Tymebank account to pay.
To make a payment with MoreTyme via PayFast, you will need an account with TymeBank. If you don’t already have an account with TymeBank, all you need to do is download the app onto your smartphone and follow the prompts to set up your account. It’s a quick and easy process. You can do everything right from your phone, including verifying your identity by entering your South African ID number and taking a selfie.
Once your account has been verified, you can open the app on your smartphone, navigate to the MoreTyme settings, and activate this option. To make a purchase using MoreTyme, transfer funds into your TymeBank Account of at least 50% of the total purchase amount. Then, follow the quick and easy steps at checkout below:
- When you reach the payment page at checkout, select Payfast
- Once you’re redirected to Payfast, choose the MoreTyme payment option
- The PayFast payment page will pop up with a QR code
- Scan this QR code with the TymeBank app on your smartphone
- Once you have scanned the code successfully, the first payment of 50% of the purchase price will be deducted from your account
- The next two payments of 25% each will be deducted 30 days then 60 days after the initial purchase
You can use the MoreTyme function for purchases of any value between R50 & R25,000!
It is important to remember that, provided there are enough funds in your account for the upcoming payments, you will not be charged interest. You may be charged additional fees and interest if the funds are not available when the instalments are due.
MoreTyme To Brew
We think an interest free option to spread payments should be a helpful addition to our range of payment methods available via Payfast. It may allow you to make that special purchase that you’ve been eyeing that little bit sooner, without any additional fees, and give you that little bit more time to brew your favourite coffees.