Is there a maximum transaction amount for shoppers transacting with PayLater?

At PayLater, we follow a structured and responsible approach to determine a shopper's credit limit, ensuring financial security and suitability for our users. While the maximum credit limit available is QAR 25,000, the actual limit assigned to each shopper depends on an evaluation of multiple factors. Here's how we assess eligibility:

1. Shopper’s Age
   Age plays a significant role in determining creditworthiness. Shoppers must meet our minimum age criteria, and those in stable, income-generating age brackets are more likely to qualify for higher limits.
2. QID Expiry Date
   Since the Qatari National ID (QID) serves as an essential proof of identity and residency, its validity directly impacts credit approval. A QID nearing its expiry date may lead to a lower assigned limit until it's renewed, reflecting the shopper's stable residency status.
3. Nationality
   A shopper's nationality is considered as part of our evaluation to align with local regulations and risk assessments. This ensures compliance with financial laws and helps us tailor credit offerings appropriately.
4. Employment Type
   The nature and stability of a shopper's employment significantly influence their ability to manage credit. For instance:
   • Salaried Employees: Stable monthly income increases eligibility for higher credit limits.
   • Self-Employed or Freelancers: These are assessed based on income patterns and consistency.
   • Other Employment Types: Special considerations are made on a case-by-case basis.
5. Credit History
   A shopper’s credit history reflects their financial behavior, such as repayment patterns and outstanding liabilities. Shoppers with a strong track record of timely payments and responsible credit use are eligible for higher limits.

How We Calculate the Credit Limit

The assigned credit limit is based on a weighted scoring system that evaluates the above factors. Each element is carefully analyzed to strike a balance between offering sufficient financial flexibility to the shopper and ensuring responsible lending practices.

By following this rigorous process, we ensure that shoppers receive a credit limit tailored to their financial profile while minimizing the risk of over-indebtedness.