The Buy Now Pay Later payment method is now available on Ancient Wisdom

We are thrilled to announce that from now on, the PastPay Buy Now Pay Later payment method is available to our corporate clients from Great Britain with valid Company Reg and other countries such are Slovakia, Czechia, Hungary, Austria, Poland, Romania, Italy, Germany, France, Netherlands, Belgium, Spain, Denmark, Sweden, Portugal, Lithuania, Estonia, Latvia, Bulgaria, Slovenia, Switzerland.

The innovative Buy Now Pay Later enables your company to purchase immediately on our website and pay in 30 or 60 days later for the order! 

Choose the PastPay Buy Now Pay Later option among the payment methods and finalize your order in the checkout process, which will be delivered to you as usual. You can handle the payment at a later time.

The process is simple:

1. Add the products to the cart Shop for the items you need, and remember that you won’t need to pay for them upfront. 

2. Choose the PastPay BNPL payment method Choose your payment method by up to 30 or 60 days. 

3. Successful order; the package is on its way. We’ll dispatch your order as soon possible while you’ll have the freedom to delay your payment by up to 30 or 60 days. 

4. Settle the invoice by transfer to PastPay's bank account before the extended payment deadline. 

With this BNPL payment method we would like to provide a new opportunity for our corporate buyers to improve liquidity and achieve faster growth. Please note that the PastPay Buy Now Pay Later payment method is available only to selected corporate buyers. After selecting the PastPay payment option, the system will automatically send a confirmation whether the BNPL payment method is available for your company or not.

BNPL FAQ

FAQ PastPay is only available for corporate buyers with a registered legal entity and cannot be used by individual entrepreneurs. 

What Countries can PastPay payment plan can be offered?  

Great Britain, Slovakia, Czechia, Hungary, Austria, Poland, Romania, Italy, Germany, France, Netherlands, Belgium, Spain, Denmark, Sweden, Portugal, Lithuania, Estonia, Latvia, Bulgaria, Slovenia, Switzerland : 30 and 60 days 

Get what you need, when you need it
Gone are the days of prioritising certain purchases over others and missing out on profits because you don’t have the right materials or stock. Purchase what you need, when you need it, and delay payment by 30 or 60 days. 

Sell more and grow your business Buy Now, Pay Later 

Buy Now, Pay Later (BNPL) helps to improve your cash flow, so you can focus on what really matters: making sales and growing your business. 

What is B2B Buy Now, Pay Later?
Buy Now, Pay Later lets you purchase and receive the stock, equipment, or materials you need for your business, without having to pay any of the cost for 30 or 60 days.

What is PastPay?
PastPay is a digital payments company and Europe’s leading provider of Buy Now, Pay Later solutions for B2B e-commerce. By partnering with PastPay, we are able to offer payment terms to the majority of our customers, while protecting all parties from risk. 

So, it’s like Klarna or Clearpay for B2B? Yes! It’s a very similar concept. 

How can I settle the invoice? 

Using the PastPay service, the webshop you purchase from, assigns the claim to PastPay Europe Sp. z o.o. (PastPay) as part of invoice factoring. It means that you can settle the invoice by transferring the full amount to PastPay's bank account.

Bank account details : IBANFIRST SA, IBAN: BE32 9140 4491 0002 SWIFT: FXBBBEBBXXX Transfer the amount to this bank account even if the account number of the webshop is added to the invoice since PastPay purchased the invoice from the webshop already. You need to settle the invoice no later than the extended payment deadline. 

Can I settle my outstanding payment earlier than the date set out in my payment terms? 
Yes, you can settle your payments early by bank transfer. Contact info@pastpay.com and our customer support associate will provide you with the details you need to do this. 

What happens if I don’t pay my invoices in time?
Once your invoice is past its due date, PastPay will begin the dunning process. They will attempt to contact you by email and telephone. If necessary, a collections agency will become involved. 

Do I need to sign up to use Pastpay? 
No, you can use PastPay via your Ancient Wisdom customer account. You don’t need to take any action before selecting your payment terms at checkout. 

What’s the maximum amount I can spend on one transaction with Buy Now, Pay Later? 

We can extend instant credit terms on orders up to the value of £20,000 Above that, PastPay credit analysts will need to run a manual review. 

Can I pay in instalments? 
Currently, PastPay does not offer instalment payment plans. Can I place an order using BNPL one day, and then place another BNPL order a few days later? You can place as many orders as you like using our solution, provided you do not exceed the credit limit of your account and keep up with any due payments. 

Can I still access PastPay solution if I am behind on my payments?
No. We will not allow customers with unpaid invoices to place any new orders until their debt has been cleared.

Find out more on pastpay.com