MoreTyme is a TymeBank Buy Now, Pay Later loan that allows TymeBank account holders to spend 3 times the amount in their TymeBank account. The MoreTyme Buy Now, Pay Later lending provide account holders with 10% cash back n selected purchases.

MoreTyme Buy Now, Pay Later account holders are required to pay their outstanding debt in 3 equal instalments. The first payment is due at the time of purchase, with the 2nd and 3rd payments are due 30 days and 60 days later, respectively.

The TymeBank MoreTyme can be used in over 5000 South African stores. There are no fees associated with MoreTyme Buy Now, Pay Later as all purchases are interest free. The MoreTyme Buy Now, Pay Later loan, on the other hand, has a credit limit that applies when making purchases with the account.

MoreTyme’s Buy Now, Pay Later credit facility is a fascinating product that is simple to use. The credit facility is explained below to help you understand how the product works.

How does TymeBank MoreTyme work? 

MoreTyme Buy Now, Pay Later from TymeBank is accepted in over 5000 stores across the country. With so many stores to choose from, the demand for the TymeBank MoreTyme has grown significantly since its introduction. Understanding how the MoreTyme Buy Now, Pay Later credit works is critical for taking full advantage of the facility.

Only TymeBank account holders can use the MoreTyme Buy Now, Pay Later credit facility. As a result, you’ll need a TymeBank bank account, which you can open online. After opening an account, you can apply for the MoreTyme Buy Now, Pay Later credit.

MoreTyme can be accessed online or in-store, depending on the customer’s preferred way of transacting. MoreTyme Buy Now, Pay Later is available at checkout online; however, this may vary by retailer. You can also shop online directly from the TymeBank app’s MoreTyme section.

You will need your TymeBank app to make a purchase in store, so bring your phone with you. When paying at till point, open your TymeBank app and go to the MoreTyme section and select “Pay”. Depending on the type of till, you will be required to scan a barcode or a QR code to complete a purchase.

33.3% of the total purchase is deducted from your TymeBank account immediately. The remaining 66.6% will be divided into two equal payments of 33.3% each. The second installment is due 30 days after the purchase, and the 3rd installment is due 60 days after purchase.

How to get started with MoreTyme: Buy Now, Pay Later 

Any South African can apply for the MoreTyme buy now, pay later credit. To get started, you must be a TymeBank customer. The first step towards getting MoreTyme is to download the TymeBank app and register for the TymeBank internet services.

Signing up for TymeBank takes only a few minutes and is completely paperless, with only an ID number required. To access MoreTyme, you must first log in to the TymeBank app. If the MoreTyme option is available, tap activate.

On the app, one can apply for MoreTyme credit. MoreTyme, on the other hand, is only available to verified clients; therefore, one must verify their account using facial recognition or biometrics, or by going to Pick n Pay to get verified on the TymeBank self-service kiosk.

Following a successful application, the credit will be allocated to the MoreTyme account, which can be used at any TymeBank partner store. The credit can then be used to make credit purchases indefinitely.

List of stores that accept TymeBank MoreTyme Buy Now, Pay Later 

• Pick n Pay Clothing, 
• Jet, 
• Exact, 
• The Fix, 
• @home,
• Archive,
• American Swiss, 
• Foschini, 
• Galaxy & Co, 
• Markham, 
• Relay Jean’s, 
• Renegade Fashion Outlet, 
• Sneaker Factory, 
• Sportscene Sterns, 
• Totalsports, 
• The Cross Trainer, 
• Cellucity, 
• Pick n Pay, 
• Guess, 
• Aldo, 
• Pringle, 
• Supa Quick, 
• Mr. Tekkie, 
• Call It Spring, 
• Frasers, 
• XKids, 
• We Fix, 
• Dynamic Vision Optometrists, 
• NWJ Jewellery, 
• SPCC, 
• ElevenPast, 
• Raru, 
• Subwear, 
• Epic Deals, 
• NetDecor, 
• Discount Decor, 
• Racketlon SA, 
• Canine & Co, 
• Hydroponic.co.za,
• Dermal Health, 
• Ace sports Distribution, 
• Cape Coffee Beans, 
• Delbro, 
• Green & Richard’s, 
• Polly Wog, 
• Cape Union Mart, 
• Old Khaki, 
• Poetry, 
• Tread + Miller, 
• Dodo’s, 
• Franco Ceccato, 
• Car Service City, and 
• JAM

Advantages of MoreTyme 

• After making previous purchase repayments, credit is made available again and can be used at any of the partner store.
• MoreTyme does not charge any fees for transactions on the account.
• If the credit is paid on time or in accordance with the terms of the agreement, there is no interest charged.
• The application procedure is straightforward and paperless.
• MoreTyme is accepted in over 5000 stores by TymeBank partners.
• Since the amount of credit granted is based on affordability, clients are not at risk of becoming over-indebted.

Disadvantages of MoreTyme 

• The initial payment percentage at checkout is 33% of the total purchase, which is high considering that companies like PayFlex only require 25% of the purchase to be paid upfront.
• The application process is more difficult because applications cannot be submitted during the checkout process through a partner merchant.
• Payments that are not made on time are penalized.

Conclusion 

For those who want a revolving credit facility, the TymeBank MoreTyme payment option is an option to consider. The fact that MoreTyme does not charge interest is a game-changer, considering that revolving loans typically charge interest rates of 15% or higher.

However, if you had purchased items in large quantities, the shorter repayment period could be a setback. It is critical to limit your purchases to the amount you can afford to pay. It should be noted that failure to repay the amount owed on time will result in MoreTyme fees.