Merchant-held layaway

Run your own layaway. The installments collect themselves.

FinanceLayer is scheduling software for layaway you operate yourself. The customer signs a plan, authorizes a debit from their bank account through Stripe Financial Connections, and every installment pulls on the schedule you set. You hold the goods until the final installment posts. That's the part that keeps this out of credit: nothing is extended, no interest is charged, and no underwriter sits in the middle. Plans default to 4 installments, which keeps them outside the Truth in Lending Act's definition of "credit."

Merchant-held layaway

Layaway for your store.Without the 6% BNPL fee.

Your store runs the plan instead of a BNPL provider. You pick the terms, the customer pays you by ACH, and the goods stay on your shelf until the last installment clears. No Affirm, no Klarna, no Afterpay taking a percentage on the way past.

On a $1,000 order
4 installments · net to merchant
April 2026
A
Affirm
5.99% + $0.30
−$60.30
$939.70
K.
Klarna Pay-in-4
3.29–5.99% + $0.30
−$60.20
$939.80
Afterpay
4–6% + $0.30
−$50.30
$949.70
FIN
FinanceLayer + ACH
0.8% · capped at $5 per installment
−$8
$992
You keep
+$52 / order vs Affirm
the bigger the order, the wider the gap: +$280 on a $5,000 one
You set the terms

Four payments every two weeks, or a deposit up front and three monthly pulls after it. A $1,000 order can go out as 4 × $250 without anyone else's approval rules getting a vote.

The agreement does the paperwork

Email the customer their plan. They read the terms, sign, and pay the deposit in one sitting. No account to create first, no app to install.

Know where every plan stands

Due dates, what's been paid, what's left. When a plan goes past due, you see it on the list instead of finding out at month end.

Paid by bank transfer, not card

Deposits and installments arrive over ACH through Stripe at 0.8%, capped at $5 per installment. The same money on a card costs you 2.9% + $0.30.

How FinanceLayer works

Offer a payment plan. Get paid on schedule.

Four steps, and only the first one needs you. You write the plan; after that the agreement, the ACH pulls, and the match-up against your Stripe deposits take care of themselves. The goods stay on your shelf until the final payment posts.

1
Merchant Admin

You write the plan

Pick how many installments, how far apart, and how much comes up front. Nobody else's approval rules apply.

Total$1,000.00
Installments4 · bi-weekly
$250
$250
$250
$250
2
Customer E-Sign

The customer signs

They e-sign the schedule and the ACH authorization in one pass. Stripe verifies the bank account behind it.

Payment Agreement
I authorize ACME Co. to debit $250 bi-weekly from my Chase account (••••4827).
Alex Kim
Signed · Apr 14, 2026
3
Automated

The debits run themselves

Stripe pulls each installment on its due date. A failed pull gets flagged so you can follow up. Auto-retry and payment reminders are coming soon.

#1Apr 14$250
#2Apr 28$250
#3May 12$250
#4May 26$250
4
Your Stripe

Keep the margin

Every installment lands in your own Stripe account. Nobody takes a cut on the way through.

$992.00
Net received · $8 total ACH fees
Merchant Dashboard

See every plan. Get paid on time.

Every open plan, what you've collected, and what's gone late, on one screen inside Shopify Admin. You never leave the tab you were already working in.

  • Copy the agreement link
    Grab it off the plan page and drop it into the email thread you're already in.
  • Auto-retry failed ACH (coming soon)
    When a debit bounces for insufficient funds, we'll re-run it for you instead of leaving it on your list. Not shipped yet.
  • Due-date reminders (coming soon)
    We'll email the customer ahead of each installment. Also on the way, not here today.
  • Every payment ties to a Stripe transfer
    You stop matching deposits to plans by hand at the end of the month.
FinanceLayer
Merchant-held layaway. Goods stay with the merchant until the final installment posts.
Active plans
3
Still running
Total value
$12,900
Every plan added up
Collected
$8,325
Money in so far
Past due
1
Needs a follow-up
Plan #
Customer
Progress
Next due
Status
LW-2026-0042
Alex Kim · $1,000
2 of 4 · $500 paid
May 12
Active
LW-2026-0041
Maria Rivera · $3,200
6 of 6 · Complete
Completed
LW-2026-0040
Jordan Tate · $4,500
3 of 4 · $3,375 paid
May 5
Active
LW-2026-0039
Sam Park · $2,400
1 of 3 · $800 paid
Apr 10
Past due
LW-2026-0038
Leah Chen · $1,800
1 of 4 · $450 paid
Apr 25
Active
What the customer sees

Your customer signs your agreement, not Klarna's.

Every plan is an ACH authorization they e-sign: the amounts, the dates, and the account it comes out of, all on one page. Your store name sits at the top of it, and there's nothing for them to sign up for.

  • E-SIGN Act compliant
    We record the signer's name, the timestamp, and the IP address on every agreement, so you can show who agreed to what and when.
  • Your store name, not a BNPL logo
    They see who they're actually buying from. Nobody else's brand is on the page.
  • They can sign it on a phone
    Phone, tablet, laptop, whatever they open the email on.
No BNPL fees · No hard credit check
You decide who gets a plan and what it looks like. The customer pays you directly, not a third party that keeps a slice of every order.
AC
ACME Supply Co.
Payment Plan Agreement
FP-1042-2026
Installment Payment Agreement

This agreement authorizes ACME Supply Co. to collect installment payments via ACH bank transfer.

Total amount$1,000.00
Down payment$0.00
Installments4 × $250
FrequencyEvery 14 days
Funding sourceChase Checking ••••4827
Total paid$1,000.00 (0% interest)
#1
Apr 14
$250
#2
Apr 28
$250
#3
May 12
$250
#4
May 26
$250
ACH Authorization. I authorize ACME Supply Co. to initiate debit entries to my Chase checking account for the amounts and dates shown above. I may cancel by contacting support at least 3 business days before a scheduled payment.
Alex Kim
Customer Signature
Signed Apr 14, 2026 · 10:42 PT
IP 174.21.•••.24
Agree & authorize $1,000 plan
Head-to-head · What each one costs you

Same payment plan. A sixth of the cost to you.

Affirm, Klarna and Afterpay underwrite the loan, and their fee comes out of your order to pay for it. FinanceLayer isn't lending. You write the terms, the customer's bank pays you directly, and the fee is $9 a month however big the order gets.

You keep 99% or more of the order

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

You set the installment terms

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

Paid by bank transfer, not card

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

Your store name on the agreement

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

Your customer signs up for nothing

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

Flat monthly fee, no cut per order

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

E-signed ACH authorization on file

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

Works on every Shopify plan

FinanceLayer
MerchantLayer
Affirm
Pay-in-4
Klarna
Pay-in-4
Afterpay
Pay-in-4
Shop Pay Installments
Shopify + Affirm

What it costs you on a $1,000 order

FinanceLayer
MerchantLayer
$8
Affirm
Pay-in-4
$60.30
Klarna
Pay-in-4
$60.20
Afterpay
Pay-in-4
$50.30
Shop Pay Installments
Shopify + Affirm
~$86

Merchant fees sourced from public pricing pages (affirm.com/business/pricing, klarna.com/business, afterpay.com/merchant, shopify.com/shop-pay-installments) as of April 2026. Shop Pay Installments merchant fee estimated from Shopify's stacked Payments + Affirm rate disclosures. Compliance note: FinanceLayer is scheduling and documentation software, not a lender. Merchants using 5+ installments or charging interest should consult counsel on TILA and state RISA requirements.

How we use it at Hitched
We run FinanceLayer for engagement ring customers at Hitched. A ring is almost never an immediate purchase, so a payment schedule fits the way people actually buy one. And customers love that there's no credit check and no application. They pick a plan, sign it, and the installments just run.
Chris Sammons, Co-founder and CEO at HitchedShopify Plus and POS merchant since 2019
When should the goods ship?

Our recommendation: hold the goods until the plan is paid in full. That's how we run it at Hitched, and it's what keeps layaway simple: no credit is extended, so there's nothing to underwrite and nothing to chase. FinanceLayer never releases or ships anything automatically. Whether you fulfill earlier on a partially paid plan is your choice to make against your own risk profile, and the balance is still owed either way.

Start with one plan

Request early access, then write your first plan for the customer who's been asking to pay it off in pieces.

The MerchantLayer Suite

One app. Three modules.

Card fees, no bank-transfer option, BNPL taking a cut of your biggest orders. One module each. Stack all three for flat pricing with no volume caps.